62.2 F
New York
Wednesday, September 30, 2020

CEMEX S.A.B. de C.V. (NYSE:CX) Recent Earnings Shows Major Concern

Must read

The Forecast Just Changed on GSX Techedu Inc. (NYSE:GSX)

GSX Techedu Inc. (GSX) shares are trading at lower $93.98 and the avg recommendation for the stock is Hold, while the current analyst price...

Deutsche Bank Aktiengesellschaft (NYSE:DB) is Holding Steady

Deutsche Bank Aktiengesellschaft (DB) shares are trading at lower $8.27, while the current analyst price target stands at $7.69. To add more color to...

Banco Bilbao Vizcaya Argentaria S.A. (NYSE:BBVA) Recent Earnings Shows Major Concern

Banco Bilbao Vizcaya Argentaria S.A. (BBVA) shares are trading at lower $2.70, while the current analyst price target stands at $2.94. To add more...

Cardiff Oncology Inc. (NASDAQ:CRDF) Stock is Soaring, Here is Why

Cardiff Oncology Inc. (CRDF) shares are trading at higher $14.01 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

The CEMEX S.A.B. de C.V. (CX) shares are trading at lower $3.34 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $3.39.

To add more color to this target, the company’s high over the last year is $4.37 and the low is $1.55. Over the last 52 weeks, CX is down -23.57% while the S&P 500 is up 1.39%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CX reported a profit of $932.1 million. CEMEX S.A.B. de C.V. also saw revenues increase to $2.91 billion. In addition, CX has free cash flow of $0.0 as of 06-2020. The company’s EBITDA came in at $208.98 million which compares well with its peers.

CX booked profit margins of -0.40%, its Return on Equity (ROE) is -0.60%, and its Return on Assets is -0.20%. All told, it is clear that, CX needs to be on your watchlist.

Find out when CX reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CX has a short ratio of 0.93 and outstanding shares of 1.47B.

Company Outlook

CX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 4.02 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.01. CEMEX S.A.B. de C.V. CX also noted assets of $29.96 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CX has historically followed its peers on positive news.

All told, CEMEX S.A.B. de C.V. CX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CX represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

CEMEX S.A.B. de C.V. CX is now commanding a market cap of 5.01B and a float of 461.45M. CX is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CX stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CX, either long or short, and we have not been compensated for this article.

Latest article

American Express Company (NYSE:AXP) Stock is Plummeting, Here is Why

American Express Company (AXP) shares are trading at lower $97.75 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Nordic American Tankers Limited (NYSE:NAT) is Holding Steady

Nordic American Tankers Limited (NAT) shares are trading at lower $3.46 and the avg recommendation for the stock is Moderate Buy. To add more...

Investor Confidence is Rising for Endeavour Silver Corp. (NYSE:EXK)

Endeavour Silver Corp. (EXK) shares are trading at higher $3.59 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

People’s United Financial Inc. (NASDAQ:PBCT) is Gaining Momentum on Earnings Catalyst

People's United Financial Inc. (PBCT) shares are trading at lower $10.17 and the avg recommendation for the stock is Moderate Buy, while the current...

The Rejuvenation of Fluidigm Corporation (NASDAQ:FLDM)

Fluidigm Corporation (FLDM) shares are trading at higher $7.68 and the avg recommendation for the stock is Strong Buy. To add more color to...