Cementos Pacasmayo S.A.A. (NYSE:CPAC) Issues Quarterly Earnings Results

Cementos Pacasmayo S.A.A. (NYSE:CPAC) posted its quarterly earnings data on Tuesday. The construction company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.14, FiscalAI reports. Cementos Pacasmayo S.A.A. had a net margin of 8.37% and a return on equity of 14.30%. The company had revenue of $163.77 million during the quarter, compared to the consensus estimate of $156.89 million.

Cementos Pacasmayo S.A.A. Stock Performance

NYSE:CPAC opened at $11.57 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.36 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $11.19 and a 200 day simple moving average of $10.81. Cementos Pacasmayo S.A.A. has a 1-year low of $5.66 and a 1-year high of $12.70. The stock has a market cap of $981.21 million, a P/E ratio of 18.98 and a beta of 0.73.

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

Several institutional investors and hedge funds have recently modified their holdings of CPAC. BNP Paribas Financial Markets raised its stake in Cementos Pacasmayo S.A.A. by 6.7% in the 2nd 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. LPL Financial LLC bought a new position in shares of Cementos Pacasmayo S.A.A. during the fourth quarter worth approximately $155,000. Dimensional Fund Advisors LP increased its holdings in shares of Cementos Pacasmayo S.A.A. by 7.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after purchasing an additional 6,054 shares during the period. Millennium Management LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at approximately $167,000. Finally, Virtu Financial LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at approximately $129,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPAC. Zacks Research raised shares of Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Wall Street Zen downgraded Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings raised Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.90.

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.