Cementos Pacasmayo S.A.A. (NYSE:CPAC) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Cementos Pacasmayo S.A.A. (NYSE:CPACGet Free Report) issued its quarterly earnings results on Tuesday. The construction company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.14, FiscalAI reports. The firm had revenue of $163.77 million during the quarter, compared to the consensus estimate of $156.89 million. Cementos Pacasmayo S.A.A. had a return on equity of 14.30% and a net margin of 8.37%.

Cementos Pacasmayo S.A.A. Price Performance

Shares of Cementos Pacasmayo S.A.A. stock opened at $11.57 on Tuesday. The company has a market capitalization of $981.21 million, a price-to-earnings ratio of 18.98 and a beta of 0.73. The company has a quick ratio of 0.36, a current ratio of 1.17 and a debt-to-equity ratio of 0.66. Cementos Pacasmayo S.A.A. has a 52 week low of $5.66 and a 52 week high of $12.70. The stock’s 50-day simple moving average is $11.19 and its 200-day simple moving average is $10.81.

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

Several institutional investors have recently bought and sold shares of CPAC. Dimensional Fund Advisors LP lifted its stake in Cementos Pacasmayo S.A.A. by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after purchasing an additional 6,054 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Cementos Pacasmayo S.A.A. by 6.7% during the second quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock valued at $179,000 after purchasing an additional 1,900 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. during the fourth quarter valued at about $167,000. LPL Financial LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth about $155,000. Finally, Virtu Financial LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth about $129,000.

Analyst Upgrades and Downgrades

Several analysts recently commented on CPAC shares. Zacks Research raised shares of Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 9th. Finally, Wall Street Zen cut shares of Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.90.

Read Our Latest Research Report on Cementos Pacasmayo S.A.A.

About Cementos Pacasmayo S.A.A.

(Get Free Report)

Cementos Pacasmayo SAA. is a Peru‐based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects.

Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.

Further Reading

Earnings History for Cementos Pacasmayo S.A.A. (NYSE:CPAC)

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