Cemtrex Inc (NASDAQ:CETX) – Analysts at Taglich Brothers dropped their Q3 2018 earnings estimates for Cemtrex in a report issued on Tuesday. Taglich Brothers analyst J. Nobile now expects that the industrial products company will earn $0.16 per share for the quarter, down from their prior forecast of $0.20. Taglich Brothers also issued estimates for Cemtrex’s Q1 2019 earnings at $0.24 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.26 EPS and Q4 2019 earnings at $0.19 EPS.
Cemtrex (NASDAQ:CETX) last released its quarterly earnings data on Wednesday, February 14th. The industrial products company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.11). Cemtrex had a net margin of 3.01% and a return on equity of 9.88%. The business had revenue of $32.38 million for the quarter, compared to the consensus estimate of $32.95 million.
Hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. bought a new position in Cemtrex during the third quarter valued at $147,000. Dimensional Fund Advisors LP bought a new position in Cemtrex during the second quarter valued at $122,000. Renaissance Technologies LLC lifted its position in Cemtrex by 485.0% during the fourth quarter. Renaissance Technologies LLC now owns 86,000 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 71,300 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in Cemtrex during the fourth quarter valued at $340,000. Institutional investors and hedge funds own 5.72% of the company’s stock.
Cemtrex, Inc is a diversified technology company, which provides solutions to industrial and manufacturing needs. The Company provides manufacturing services of electronic system assemblies; provides broad-based industrial services, instruments and emission monitors for industrial processes, and provides industrial air filtration and environmental control systems.
Receive News & Ratings for Cemtrex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemtrex and related companies with MarketBeat.com's FREE daily email newsletter.