Loma Negra Compania Industrial Argentina (NYSE:LOMA) Releases Quarterly Earnings Results, Beats Expectations By $0.20 EPS
by Renee Jackson · The Cerbat GemLoma Negra Compania Industrial Argentina (NYSE:LOMA – Get Free Report) announced its earnings results on Monday. The company reported $0.25 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 for the quarter, compared to analysts’ expectations of $119.83 million.
Loma Negra Compania Industrial Argentina Stock Performance
Shares of NYSE:LOMA traded up $0.09 during mid-day trading on Wednesday, reaching $11.38. 42,042 shares of the company traded hands, compared to its average volume of 359,670. The firm has a market cap of $1.33 billion, a PE ratio of 47.42 and a beta of 0.74. Loma Negra Compania Industrial Argentina has a 52 week low of $7.04 and a 52 week high of $14.17. The company’s 50 day moving average price is $10.81 and its 200-day moving average price is $11.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.48.
Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina
A number of institutional investors have recently bought and sold shares of LOMA. PointState Capital LP lifted its position in shares of Loma Negra Compania Industrial Argentina by 245.3% in the fourth quarter. PointState Capital LP now owns 1,130,732 shares of the company’s stock valued at $14,643,000 after acquiring an additional 803,289 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Loma Negra Compania Industrial Argentina in the 3rd quarter worth approximately $8,229,000. M&G PLC boosted its stake in Loma Negra Compania Industrial Argentina by 11.9% in the 4th quarter. M&G PLC now owns 954,292 shares of the company’s stock worth $12,406,000 after purchasing an additional 101,672 shares during the period. Qube Research & Technologies Ltd purchased a new stake in Loma Negra Compania Industrial Argentina during the 3rd quarter valued at approximately $2,372,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Loma Negra Compania Industrial Argentina by 169.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 281,844 shares of the company’s stock valued at $3,650,000 after buying an additional 177,220 shares during the last quarter. Hedge funds and other institutional investors own 19.32% of the company’s stock.
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.