Cementos Pacasmayo S.A.A. (NYSE:CPAC) Issues Earnings Results, Beats Expectations By $0.26 EPS

Cementos Pacasmayo S.A.A. (NYSE:CPAC) announced its earnings results on Monday. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.26, FiscalAI reports. The business had revenue of $193.78 million for the quarter, compared to analyst estimates of $182.39 million.

Cementos Pacasmayo S.A.A. Trading Up 0.0%

CPAC opened at $12.78 on Wednesday. The firm has a market capitalization of $1.08 billion, a PE ratio of 17.74 and a beta of 0.76. Cementos Pacasmayo S.A.A. has a twelve month low of $6.25 and a twelve month high of $12.87. The firm’s 50-day moving average price is $12.37 and its 200 day moving average price is $11.32.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CPAC. Scotiabank increased their price objective on shares of Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. to a “buy” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Cementos Pacasmayo S.A.A. has a consensus rating of “Hold” and an average price target of $13.00.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru-based building materials company focused on the production, distribution and sale of cement and related construction products. Its portfolio includes cement, ready-mix concrete, concrete products, aggregates, mortar and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated production and distribution network serving northern and northeastern Peru. Its operations include cement manufacturing facilities in Pacasmayo and Rioja, as well as a cement plant in Piura, supporting distribution across the region through commercial, industrial and retail channels.

Cementos Pacasmayo is listed on the Lima Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol CPAC.