What is CEMEX S.A.B. de C.V. (CX) Stock Return on Shareholders’ Capital?

CEMEX S.A.B. de C.V. (NYSE: CX) stock jumped 5.90% on Friday to $4.31 against a previous-day closing price of $4.07. With 4.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.5 million shares. During the session, the Building Materials company that operates in wider Basic Materials sector, reached to the highest price of $4.3350 whereas the lowest price it dropped to was $4.0550. The 52-week range on CX shows that it touched its highest point at $8.31 and its lowest point at $3.22 during that stretch. It currently has a 1-year price target of $7.36. Beta for the stock currently stands at 1.33.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CX was up-trending over the past week, with a rise of 8.84%, but this was up by 9.39% over a month. Three-month performance dropped to -3.58% while six-month performance fell -30.71%. The stock lost -47.88% in the past year, while it has lost -36.43% so far this year. A look at the trailing 12-month EPS for CX yields 0.22 with Next year EPS estimates of 0.61. For the next quarter, that number is 0.17. This implies an EPS growth rate of 155.80% for this year and 6.62% for next year. EPS is expected to grow by 33.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -42.40%.

Float and Shares Shorts:

At present, 1.45 billion CX shares are outstanding with a float of 461.45 million shares on hand for trading. On Jul 14, 2022, short shares totaled 9.16 million, which was 0.62% higher than short shares on Jun 14, 2022. In addition to Mr. Rogelio Zambrano Lozano as the firm’s Exec. Chairman, Mr. Fernando Angel Gonzalez Olivieri serves as its CEO & Non-Independent Director.

Institutional Ownership:

Through their ownership of 31.80% of CX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 19.48% of CX, in contrast to 11.23% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in CX with 4.12% of the stake, Baillie Gifford & Co. holds 62,334,921 shares worth 62,334,921. A second-largest stockholder of CX, Fidelity Management & Research Co, holds 43,721,170 shares, controlling over 2.89% of the firm’s shares. Brandes Investment Partners LP is the third largest shareholder in CX, holding 31,299,106 shares or 2.07% stake. With a 2.71% stake in CX, the Fidelity Inv. Trust – Emerging Ma is the largest stakeholder. A total of 41,068,900 shares are owned by the mutual fund manager. The Baillie Gifford Emerging Markets, which owns about 0.53% of CX stock, is the second-largest Mutual Fund holder. It holds 8,072,057 shares valued at 31.64 million. Redwheel Global Emerging Markets holds 0.37% of the stake in CX, owning 5,600,614 shares worth 21.95 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CX since 20 analysts follow the stock currently. There are 14 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CX analysts setting a high price target of $10.00 and a low target of $5.00, the average target price over the next 12 months is $6.89. Based on these targets, CX could surge 132.02% to reach the target high and rise by 16.01% to reach the target low. Reaching the average price target will result in a growth of 59.86% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CX will report FY 2022 earnings on 02/09/2023. Analysts have provided yearly estimates in a range of $0.68 being high and $0.19 being low. For CX, this leads to a yearly average estimate of $0.54. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. CEMEX S.A.B. de C.V. surprised analysts by $0.06 when it reported $0.20 EPS against a consensus estimate of $0.14. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.20 and the low estimate is $0.14. The average estimate for the next quarter is thus $0.17.

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