Equities research analysts forecast that CEMATRIX Corp (NYSE:CVX) will report earnings per share of $1.10 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for CEMATRIX Corp’s earnings, with the highest EPS estimate coming in at $1.58 and the lowest estimate coming in at $0.85. CEMATRIX Corp reported earnings per share of $0.22 during the same quarter last year, which suggests a positive year-over-year growth rate of 400%. The company is expected to announce its next quarterly earnings report on Friday, January 26th.
On average, analysts expect that CEMATRIX Corp will report full-year earnings of $4.27 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.79. For the next year, analysts anticipate that the company will post earnings of $5.01 per share, with EPS estimates ranging from $4.13 to $6.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover CEMATRIX Corp.
CEMATRIX Corp (NYSE:CVX) last announced its earnings results on Friday, October 27th. The company reported C$1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.99 by C$0.04. The company had revenue of C$36.21 billion for the quarter, compared to analyst estimates of C$34.06 billion. CEMATRIX Corp had a return on equity of 3.97% and a net margin of 4.47%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share.
A number of equities analysts have recently weighed in on the company. Credit Suisse Group set a $123.00 target price on CEMATRIX Corp and gave the stock a “buy” rating in a research note on Friday, August 25th. Citigroup Inc. lowered their target price on CEMATRIX Corp from $129.00 to $118.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Barclays PLC upgraded CEMATRIX Corp to an “overweight” rating in a research note on Wednesday, October 11th. BMO Capital Markets set a $120.00 price objective on CEMATRIX Corp and gave the stock a “buy” rating in a research note on Sunday, July 30th. Finally, Vetr lowered CEMATRIX Corp from a “buy” rating to a “hold” rating and set a $124.92 price objective on the stock. in a research note on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$120.63.
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Shares of CEMATRIX Corp (NYSE:CVX) traded down C$0.06 during midday trading on Friday, hitting C$117.18. The stock had a trading volume of 5,160,000 shares, compared to its average volume of 5,100,000. CEMATRIX Corp has a one year low of C$102.55 and a one year high of C$120.89.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Thursday, November 16th.
In other CEMATRIX Corp news, Director Linnet F. Deily sold 2,312 shares of CEMATRIX Corp stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of C$107.38, for a total transaction of C$248,262.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of CEMATRIX Corp stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of C$118.00, for a total value of C$145,022.00. Following the transaction, the insider now directly owns 1,229 shares in the company, valued at C$145,022. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 50,000 shares of company stock worth $6,590 and have sold 29,041 shares worth $3,453,285.
A number of institutional investors and hedge funds have recently made changes to their positions in CVX. Shine Investment Advisory Services Inc. acquired a new position in CEMATRIX Corp during the 2nd quarter worth about $106,000. Thompson Davis & CO. Inc. lifted its holdings in CEMATRIX Corp by 20.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the company’s stock worth $123,000 after buying an additional 191 shares during the period. Winfield Associates Inc. lifted its holdings in CEMATRIX Corp by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the company’s stock worth $136,000 after buying an additional 63 shares during the period. Daiwa SB Investments Ltd. lifted its holdings in CEMATRIX Corp by 438.5% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the company’s stock worth $146,000 after buying an additional 1,140 shares during the period. Finally, Acrospire Investment Management LLC lifted its holdings in CEMATRIX Corp by 133.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $146,000 after buying an additional 800 shares during the period.
About CEMATRIX Corp
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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