Loma Negra Compania Industrial Argentina (NYSE:LOMA) Announces Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Loma Negra Compania Industrial Argentina (NYSE:LOMA) posted its earnings results on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.11), Zacks reports. Loma Negra Compania Industrial Argentina had a net margin of 5.67% and a return on equity of 4.40%. The company had revenue of $156.76 million for the quarter, compared to the consensus estimate of $231.54 million.

Loma Negra Compania Industrial Argentina Price Performance

Shares of LOMA traded down $0.10 during mid-day trading on Friday, reaching $9.82. The stock had a trading volume of 131,041 shares, compared to its average volume of 332,921. The company has a current ratio of 1.24, a quick ratio of 0.61 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average is $11.65 and its 200 day moving average is $10.52. Loma Negra Compania Industrial Argentina has a 52-week low of $7.04 and a 52-week high of $14.17.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Loma Negra Compania Industrial Argentina currently has an average rating of “Moderate Buy” and a consensus price target of $14.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the 3rd quarter valued at $28,000. Mangrove Partners IM LLC purchased a new stake in Loma Negra Compania Industrial Argentina in the fourth quarter valued at $201,000. Dodge & Cox boosted its stake in Loma Negra Compania Industrial Argentina by 17.0% in the third quarter. Dodge & Cox now owns 36,400 shares of the company’s stock valued at $268,000 after acquiring an additional 5,300 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Loma Negra Compania Industrial Argentina by 35.3% in the second quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock valued at $272,000 after acquiring an additional 6,463 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Loma Negra Compania Industrial Argentina by 144.9% during the 3rd quarter. Millennium Management LLC now owns 45,318 shares of the company’s stock worth $334,000 after purchasing an additional 26,810 shares in the last quarter. Institutional investors and hedge funds own 19.32% of the company’s stock.

About Loma Negra Compania Industrial Argentina

Loma Negra Compañía Industrial Argentina SA is the leading cement producer in Argentina, with a history dating back to its founding in Buenos Aires in 1926. The company operates an integrated network of cement and lime plants, as well as quarries and ready-mix concrete facilities. Its operations encompass the extraction of limestone, the production of clinker, hydraulic cement and quicklime, and the distribution of aggregates and concrete for a wide range of construction projects.

The company’s product portfolio serves residential, commercial, industrial and public infrastructure markets across Argentina.