Loma Negra Compania Industrial Argentina (NYSE:LOMA) Posts Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Loma Negra Compania Industrial Argentina (NYSE:LOMA) issued its earnings results on Monday. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.20, Zacks reports. Loma Negra Compania Industrial Argentina had a return on equity of 3.29% and a net margin of 4.38%.The company had revenue of $154.21 million during the quarter, compared to analyst estimates of $119.83 million.

Loma Negra Compania Industrial Argentina Trading Up 7.7%

Shares of NYSE:LOMA opened at $11.28 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. Loma Negra Compania Industrial Argentina has a 52-week low of $7.04 and a 52-week high of $14.17. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 46.98 and a beta of 0.74. The business has a 50-day moving average price of $10.81 and a 200-day moving average price of $11.28.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

A number of institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the 3rd quarter valued at $28,000. Mangrove Partners IM LLC purchased a new position in shares of Loma Negra Compania Industrial Argentina during the fourth quarter worth $201,000. Dodge & Cox lifted its position in Loma Negra Compania Industrial Argentina by 17.0% during the third quarter. Dodge & Cox now owns 36,400 shares of the company’s stock valued at $268,000 after purchasing an additional 5,300 shares during the period. Engineers Gate Manager LP lifted its position in Loma Negra Compania Industrial Argentina by 35.3% during the second 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. Finally, Millennium Management LLC boosted its holdings in Loma Negra Compania Industrial Argentina by 144.9% in the third quarter. Millennium Management LLC now owns 45,318 shares of the company’s stock valued at $334,000 after purchasing an additional 26,810 shares during the last quarter. 19.32% of the stock is owned by hedge funds and other institutional investors.

Loma Negra Compania Industrial Argentina Company Profile

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.