Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Releases Earnings Results

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) posted its quarterly earnings results on Tuesday. The company reported $0.17 EPS for the quarter, Zacks reports. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 8.60% and a net margin of 9.42%.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

Shares of LOMA stock opened at $11.44 on Wednesday. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52 week low of $5.70 and a 52 week high of $13.79. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 19.39 and a beta of 1.14. The company has a 50-day simple moving average of $10.74 and a 200 day simple moving average of $11.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.29.

Wall Street Analyst Weigh In

Separately, Bank of America upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $11.50 to $14.00 in a research note on Wednesday, April 23rd.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Company Profile

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.