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

Loma Negra Compania Industrial Argentina (NYSE:LOMA) announced its earnings results on Thursday. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.11), Zacks reports. Loma Negra Compania Industrial Argentina had a return on equity of 4.34% and a net margin of 5.67%.The company had revenue of $135.15 million during the quarter, compared to analyst estimates of $221.70 million.

Loma Negra Compania Industrial Argentina Price Performance

LOMA stock traded up $0.09 during mid-day trading on Friday, reaching $10.82. The company had a trading volume of 1,059,208 shares, compared to its average volume of 1,035,965. Loma Negra Compania Industrial Argentina has a 52 week low of $7.04 and a 52 week high of $14.17. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 34.92 and a beta of 1.04. The stock has a 50 day simple moving average of $8.45 and a two-hundred day simple moving average of $10.42.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LOMA. Weiss Ratings downgraded Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Wall Street Zen cut shares of Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently 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 have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. raised its position in Loma Negra Compania Industrial Argentina by 53.8% during the second quarter. Balyasny Asset Management L.P. now owns 141,765 shares of the company’s stock worth $1,555,000 after acquiring an additional 49,567 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Loma Negra Compania Industrial Argentina by 5.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company’s stock worth $344,000 after purchasing an additional 1,524 shares during the last quarter. Finally, Engineers Gate Manager LP raised 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 purchasing an additional 6,463 shares during the period. 19.32% of the stock is currently owned by institutional investors and hedge funds.

About Loma Negra Compania Industrial Argentina

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.