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

Loma Negra Compania Industrial Argentina (NYSE:LOMA) announced its quarterly 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 return on equity of 4.40% and a net margin of 5.67%.The company had revenue of $156.76 million during the quarter, compared to the consensus estimate of $231.54 million.

Loma Negra Compania Industrial Argentina Price Performance

Shares of NYSE:LOMA traded down $0.10 during mid-day trading on Friday, hitting $9.82. 131,041 shares of the company traded hands, compared to its average volume of 332,921. The stock has a 50-day moving average price of $11.65 and a two-hundred day moving average price of $10.52. Loma Negra Compania Industrial Argentina has a 12-month low of $7.04 and a 12-month high of $14.17. The company has a quick ratio of 0.61, a current ratio of 1.24 and a debt-to-equity ratio of 0.16.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

Institutional investors and hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp purchased a new stake in Loma Negra Compania Industrial Argentina in the third quarter valued at approximately $28,000. Mangrove Partners IM LLC purchased a new position in Loma Negra Compania Industrial Argentina in 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 valued at $268,000 after buying an additional 5,300 shares during the last quarter. Engineers Gate Manager LP increased its position 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 valued at $272,000 after acquiring an additional 6,463 shares in the last quarter. Finally, Millennium Management LLC lifted 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 acquiring an additional 26,810 shares in the last quarter. 19.32% of the stock is owned by 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.