Loma Negra Compania Industrial Argentina (NYSE:LOMA) Issues Quarterly Earnings Results

Loma Negra Compania Industrial Argentina (NYSE:LOMA) announced its earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06), Zacks reports. Loma Negra Compania Industrial Argentina had a return on equity of 3.89% and a net margin of 5.05%.The business had revenue of $160.41 million for the quarter, compared to analyst estimates of $108.44 million.

Loma Negra Compania Industrial Argentina Price Performance

Loma Negra Compania Industrial Argentina stock traded down $0.41 during midday trading on Friday, reaching $10.38. 912,680 shares of the company were exchanged, compared to its average volume of 327,165. The firm’s 50-day simple moving average is $11.56 and its 200-day simple moving average is $11.24. Loma Negra Compania Industrial Argentina has a 1 year low of $7.04 and a 1 year high of $13.20. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 35.81, a P/E/G ratio of 0.44 and a beta of 0.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.65 and a current ratio of 2.02.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wall Street Zen lowered shares of Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a research report on Sunday, July 5th. Weiss Ratings upgraded Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Loma Negra Compania Industrial Argentina during the 3rd quarter valued at about $8,229,000. PointState Capital LP raised its stake in Loma Negra Compania Industrial Argentina by 245.3% during the fourth quarter. PointState Capital LP now owns 1,130,732 shares of the company’s stock worth $14,643,000 after purchasing an additional 803,289 shares during the period. Qube Research & Technologies Ltd purchased a new position in Loma Negra Compania Industrial Argentina during the third quarter worth approximately $2,372,000. Goldman Sachs Group Inc. boosted its holdings in shares of Loma Negra Compania Industrial Argentina by 169.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 281,844 shares of the company’s stock valued at $3,650,000 after purchasing an additional 177,220 shares during the last quarter. Finally, M&G PLC boosted its holdings in shares of Loma Negra Compania Industrial Argentina by 11.9% in the 4th quarter. M&G PLC now owns 954,292 shares of the company’s stock valued at $12,406,000 after purchasing an additional 101,672 shares during the last quarter. 19.32% of the stock is currently owned by hedge funds and other institutional investors.

Loma Negra Compania Industrial Argentina Company Profile

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.