Loma Negra Compania Industrial Argentina (NYSE:LOMA) Issues Quarterly Earnings Results

Loma Negra Compania Industrial Argentina (NYSE:LOMA) posted its quarterly earnings results on Thursday. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11), Zacks reports. The firm had revenue of $155.17 million during the quarter, compared to the consensus estimate of $231.54 million. Loma Negra Compania Industrial Argentina had a return on equity of 2.29% and a net margin of 2.97%.

Loma Negra Compania Industrial Argentina Stock Down 0.7%

NYSE LOMA traded down $0.07 during trading hours on Friday, reaching $9.85. The company’s stock had a trading volume of 598,401 shares, compared to its average volume of 309,858. Loma Negra Compania Industrial Argentina has a 1 year low of $7.04 and a 1 year high of $14.17. The company has a quick ratio of 0.61, a current ratio of 1.24 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $11.59 and its 200-day moving average price is $10.52.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.80.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

Several institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp purchased a new position in shares of Loma Negra Compania Industrial Argentina in the third quarter worth $28,000. Mangrove Partners IM LLC bought a new stake in Loma Negra Compania Industrial Argentina in the 4th quarter valued at $201,000. Engineers Gate Manager LP lifted its stake in 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 worth $272,000 after purchasing an additional 6,463 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Loma Negra Compania Industrial Argentina by 5.1% in 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 in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Loma Negra Compania Industrial Argentina during the 4th quarter valued at about $461,000. Institutional investors own 19.32% of the company’s stock.

About Loma Negra Compania Industrial Argentina

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.