Loma Negra Compania Industrial Argentina (NYSE:LOMA) Releases Quarterly Earnings Results, Beats Expectations By $998.95 EPS

Loma Negra Compania Industrial Argentina (NYSE:LOMA) issued its quarterly earnings results on Monday. The company reported $999.00 earnings per share for the quarter, topping the consensus estimate of $0.05 by $998.95, reports. Loma Negra Compania Industrial Argentina had a return on equity of 2.25% and a net margin of 2.97%.

Loma Negra Compania Industrial Argentina Stock Performance

Shares of NYSE LOMA traded down $0.10 during mid-day trading on Monday, hitting $10.52. 278,463 shares of the company were exchanged, compared to its average volume of 361,192. The company has a quick ratio of 0.48, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $10.82 and a 200-day simple moving average of $11.26. Loma Negra Compania Industrial Argentina has a 1-year low of $7.04 and a 1-year high of $14.17. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 65.72 and a beta of 0.74.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

Several hedge funds have recently modified their holdings of LOMA. Van ECK Associates Corp acquired a new stake in shares of Loma Negra Compania Industrial Argentina during the third quarter worth $28,000. Mangrove Partners IM LLC acquired a new stake in shares of Loma Negra Compania Industrial Argentina during the fourth quarter worth $201,000. Dodge & Cox lifted its holdings in shares of Loma Negra Compania Industrial Argentina by 17.0% during the third quarter. Dodge & Cox now owns 36,400 shares of the company’s stock worth $268,000 after purchasing an additional 5,300 shares during the period. Engineers Gate Manager LP lifted its holdings in shares of 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 purchasing an additional 6,463 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Loma Negra Compania Industrial Argentina by 144.9% during the third quarter. Millennium Management LLC now owns 45,318 shares of the company’s stock worth $334,000 after purchasing an additional 26,810 shares during the period. 19.32% of the stock is owned by institutional investors and hedge funds.

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.