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

Loma Negra Compania Industrial Argentina (NYSE:LOMA) announced its quarterly earnings data 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. The company had revenue of $160.41 million during the quarter, compared to analyst estimates of $108.44 million. Loma Negra Compania Industrial Argentina had a net margin of 5.05% and a return on equity of 3.89%.

Loma Negra Compania Industrial Argentina Stock Down 3.8%

Shares of NYSE:LOMA traded down $0.41 on Friday, hitting $10.38. 912,680 shares of the company’s stock were exchanged, compared to its average volume of 327,165. Loma Negra Compania Industrial Argentina has a 1-year low of $7.04 and a 1-year high of $13.20. The company has a market capitalization of $1.21 billion, a PE ratio of 35.81, a P/E/G ratio of 0.44 and a beta of 0.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.65 and a current ratio of 2.02. The firm’s 50-day moving average is $11.56 and its 200 day moving average is $11.24.

Wall Street Analyst Weigh In

LOMA has been the subject of several analyst reports. Weiss Ratings raised Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “hold (c)” rating in a research note 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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

Several institutional investors have recently added to or reduced their stakes in LOMA. Balyasny Asset Management L.P. increased its stake in Loma Negra Compania Industrial Argentina by 53.8% in the second quarter. Balyasny Asset Management L.P. now owns 141,765 shares of the company’s stock valued at $1,555,000 after purchasing an additional 49,567 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Loma Negra Compania Industrial Argentina by 5.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company’s stock valued at $344,000 after buying an additional 1,524 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Loma Negra Compania Industrial Argentina by 35.3% in the 2nd quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock valued at $272,000 after buying an additional 6,463 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of Loma Negra Compania Industrial Argentina in the 3rd quarter valued at $28,000. Finally, UBS Group AG grew its position in shares of Loma Negra Compania Industrial Argentina by 117.0% in the 3rd quarter. UBS Group AG now owns 113,486 shares of the company’s stock valued at $836,000 after buying an additional 61,180 shares during the last quarter. Hedge funds and other institutional investors own 19.32% of the company’s stock.

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.