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

Loma Negra Compania Industrial Argentina (NYSE:LOMA) announced its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $108.44 million.

Loma Negra Compania Industrial Argentina Stock Down 3.8%

LOMA traded down $0.41 during trading on Friday, hitting $10.38. The company had a trading volume of 912,680 shares, compared to its average volume of 327,165. The company has a market capitalization of $1.21 billion, a PE ratio of 35.81, a PEG ratio of 0.44 and a beta of 0.75. The company has a quick ratio of 0.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.20. Loma Negra Compania Industrial Argentina has a one year low of $7.04 and a one year high of $13.20. The firm’s 50-day moving average price is $11.56 and its 200 day moving average price is $11.24.

Institutional Trading of Loma Negra Compania Industrial Argentina

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Wall Street Zen cut Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a research note on Sunday, July 5th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Loma Negra Compania Industrial Argentina currently has an average rating of “Hold”.

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.