Cementos Pacasmayo S.A.A. (NYSE:CPAC) Issues Earnings Results, Beats Expectations By $0.26 EPS

Cementos Pacasmayo S.A.A. (NYSE:CPAC) released its earnings results on Monday. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.26, FiscalAI reports. Cementos Pacasmayo S.A.A. had a return on equity of 16.49% and a net margin of 9.42%. The company had revenue of $193.78 million for the quarter, compared to analyst estimates of $182.39 million.

Cementos Pacasmayo S.A.A. Stock Up 0.4%

CPAC traded up $0.06 during trading on Monday, hitting $12.79. 35,763 shares of the company’s stock were exchanged, compared to its average volume of 23,161. The company has a quick ratio of 0.50, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $12.34 and its two-hundred day moving average is $11.29. The stock has a market cap of $1.08 billion, a P/E ratio of 17.76 and a beta of 0.76. Cementos Pacasmayo S.A.A. has a fifty-two week low of $6.25 and a fifty-two week high of $12.87.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CPAC shares. Scotiabank lifted their price objective on shares of Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. Finally, Wall Street Zen upgraded Cementos Pacasmayo S.A.A. to a “buy” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.00.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA. is a Peru-based building materials company focused on the production, distribution and sale of cement and related construction products. Its portfolio includes cement, ready-mix concrete, concrete products, aggregates, mortar and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated production and distribution network serving northern and northeastern Peru. Its operations include cement manufacturing facilities in Pacasmayo and Rioja, as well as a cement plant in Piura, supporting distribution across the region through commercial, industrial and retail channels.

Cementos Pacasmayo is listed on the Lima Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol CPAC.