Cementos Pacasmayo S.A.A. (NYSE:CPAC) Posts Earnings Results, Misses Expectations By $0.11 EPS

Cementos Pacasmayo S.A.A. (NYSE:CPAC) released its quarterly earnings results on Thursday. The construction company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11), reports. Cementos Pacasmayo S.A.A. had a return on equity of 17.19% and a net margin of 10.68%.The firm had revenue of $166.82 million for the quarter, compared to analysts’ expectations of $174.95 million.

Cementos Pacasmayo S.A.A. Stock Performance

Shares of NYSE CPAC traded up $0.04 during trading on Friday, hitting $10.68. 3,809 shares of the company were exchanged, compared to its average volume of 24,977. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.40 and a quick ratio of 0.49. Cementos Pacasmayo S.A.A. has a 1 year low of $5.10 and a 1 year high of $11.50. The firm’s fifty day moving average price is $10.10 and its 200 day moving average price is $7.97.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPAC. Dimensional Fund Advisors LP increased its stake in Cementos Pacasmayo S.A.A. by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock valued at $958,000 after purchasing an additional 6,054 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Cementos Pacasmayo S.A.A. by 6.7% during the second quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock worth $179,000 after purchasing an additional 1,900 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter valued at $155,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CPAC shares. Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. JPMorgan Chase & Co. raised their price target on Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the stock an “underweight” rating in a report on Tuesday, November 4th. Wall Street Zen raised Cementos Pacasmayo S.A.A. to a “buy” rating in a research report on Saturday, January 17th. Finally, Scotiabank upped their price target on Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the stock a “sector perform” rating in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Cementos Pacasmayo S.A.A. has a consensus rating of “Hold” and a consensus price target of $10.15.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru‐based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects.

Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.