$0.03 Earnings Per Share Expected for Cemtrex Inc. (CETX) This Quarter
Equities analysts predict that Cemtrex Inc. (NASDAQ:CETX) will announce earnings of $0.03 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Cemtrex’s earnings. Cemtrex posted earnings of $0.23 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 87%. The firm is expected to issue its next quarterly earnings report on Thursday, December 28th.
According to Zacks, analysts expect that Cemtrex will report full year earnings of $0.29 per share for the current fiscal year. For the next year, analysts anticipate that the business will post earnings of $0.89 per share. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Cemtrex.
Cemtrex (NASDAQ:CETX) last announced its earnings results on Monday, August 14th. The industrial products company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by $0.01. Cemtrex had a net margin of 4.05% and a return on equity of 19.22%. The business had revenue of $27.81 million for the quarter, compared to the consensus estimate of $31.75 million.
Separately, ValuEngine cut Cemtrex from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 6th.
Several hedge funds and other institutional investors have recently bought and sold shares of CETX. Algert Global LLC bought a new stake in shares of Cemtrex in the first quarter worth about $177,000. Spark Investment Management LLC bought a new stake in shares of Cemtrex in the first quarter worth about $117,000. AJO LP bought a new stake in shares of Cemtrex in the second quarter worth about $268,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Cemtrex in the second quarter worth about $122,000. 6.50% of the stock is currently owned by institutional investors.
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Shares of Cemtrex (NASDAQ:CETX) traded up 3.62% during midday trading on Friday, hitting $3.15. The company had a trading volume of 110,196 shares. Cemtrex has a 52 week low of $2.71 and a 52 week high of $8.41. The company has a market capitalization of $32.28 million, a P/E ratio of 6.79 and a beta of -0.43. The firm’s 50 day moving average is $3.11 and its 200 day moving average is $3.35.
Cemtrex Company Profile
Cemtrex, Inc is a diversified technology company, which provides solutions to industrial and manufacturing needs. The Company provides manufacturing services of electronic system assemblies; provides broad-based industrial services, instruments and emission monitors for industrial processes, and provides industrial air filtration and environmental control systems.
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