Loma Negra Compania Industrial Argentina (NYSE:LOMA) Posts Earnings Results, Misses Expectations By $0.06 EPS

Loma Negra Compania Industrial Argentina (NYSE:LOMA) released its quarterly earnings data on Thursday. The company reported $0.05 earnings per share 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 during the quarter, compared to analyst estimates of $108.44 million.

Loma Negra Compania Industrial Argentina Stock Performance

NYSE:LOMA traded down $0.41 during trading hours on Friday, reaching $10.38. The company had a trading volume of 912,680 shares, compared to its average volume of 327,165. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 0.65. Loma Negra Compania Industrial Argentina has a 1-year low of $7.04 and a 1-year high of $13.20. The business’s 50 day moving average price is $11.56 and its 200-day moving average price is $11.24. The firm has a market cap of $1.21 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 0.44 and a beta of 0.75.

Analysts Set New Price Targets

Several research firms have commented on LOMA. Wall Street Zen lowered shares of Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a 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 note on Friday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

Institutional investors have recently made changes to their positions in the company. PointState Capital LP boosted its holdings 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 buying an additional 803,289 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Loma Negra Compania Industrial Argentina during the third quarter valued at $8,229,000. M&G PLC increased its holdings in Loma Negra Compania Industrial Argentina by 11.9% in the fourth quarter. M&G PLC now owns 954,292 shares of the company’s stock valued at $12,406,000 after buying an additional 101,672 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in Loma Negra Compania Industrial Argentina in the third quarter valued at $2,372,000. Finally, Goldman Sachs Group Inc. increased its holdings in Loma Negra Compania Industrial Argentina by 169.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 281,844 shares of the company’s stock valued at $3,650,000 after buying an additional 177,220 shares in the last quarter. 19.32% of the stock is 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.