Loma Negra Compania Industrial Argentina (NYSE:LOMA) Posts Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Loma Negra Compania Industrial Argentina (NYSE:LOMA) posted its quarterly earnings results on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.11), Zacks reports. The firm had revenue of $135.15 million during the quarter, compared to the consensus estimate of $221.70 million. Loma Negra Compania Industrial Argentina had a net margin of 5.67% and a return on equity of 4.34%.

Loma Negra Compania Industrial Argentina Stock Up 0.9%

NYSE LOMA traded up $0.09 during trading on Friday, reaching $10.82. 1,059,208 shares of the stock traded hands, compared to its average volume of 1,035,965. The stock’s 50-day moving average price is $8.45 and its 200 day moving average price is $10.42. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 34.92 and a beta of 1.04. Loma Negra Compania Industrial Argentina has a fifty-two week low of $7.04 and a fifty-two week high of $14.17.

Institutional Trading of Loma Negra Compania Industrial Argentina

A number of large investors have recently made changes to their positions in LOMA. Engineers Gate Manager LP lifted its holdings 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 worth $272,000 after acquiring an additional 6,463 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Loma Negra Compania Industrial Argentina by 5.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company’s stock valued at $344,000 after purchasing an additional 1,524 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its position in shares of Loma Negra Compania Industrial Argentina by 53.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 141,765 shares of the company’s stock valued at $1,555,000 after purchasing an additional 49,567 shares during the period. Institutional investors own 19.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on LOMA shares. Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings lowered shares of Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.80.

About Loma Negra Compania Industrial Argentina

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.