Loma Negra Compania Industrial Argentina (NYSE:LOMA) Releases Earnings Results, Misses Expectations By $0.06 EPS

Key Points

• Loma Negra reported quarterly EPS of $0.05, missing analyst expectations of $0.11 by $0.06, while revenue of $160.41 million exceeded estimates of $108.44 million.
• Shares fell 3.8% to $10.38 following the results. The stock has a consensus analyst rating of Hold.
• Institutional ownership stands at 19.32%, with several investors—including UBS Group and Balyasny Asset Management—recently increasing their positions.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06), Zacks reports. Loma Negra Compania Industrial Argentina had a net margin of 5.05% and a return on equity of 3.89%. The business had revenue of $160.41 million during the quarter, compared to analyst estimates of $108.44 million.

Loma Negra Compania Industrial Argentina Trading Down 3.8%

Shares of LOMA stock traded down $0.41 on Friday, reaching $10.38. The company had a trading volume of 912,680 shares, compared to its average volume of 327,165. The stock has a market cap of $1.21 billion, a PE ratio of 35.81, a PEG ratio of 0.44 and a beta of 0.75. The company has a 50-day moving average of $11.56 and a 200-day moving average of $11.24. The company has a current ratio of 2.02, a quick ratio of 0.65 and a debt-to-equity ratio of 0.20. Loma Negra Compania Industrial Argentina has a 12 month low of $7.04 and a 12 month high of $13.20.

Wall Street Analysts Forecast Growth

LOMA has been the subject of a number of analyst reports. Weiss Ratings raised shares of Loma Negra Compania Industrial Argentina from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday. Wall Street Zen downgraded Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research note on Sunday, July 5th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold".

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Balyasny Asset Management L.P. increased its stake in Loma Negra Compania Industrial Argentina by 53.8% in the second 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 in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Loma Negra Compania Industrial Argentina by 5.1% during the second 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. Engineers Gate Manager LP grew its holdings in shares of 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 valued at $272,000 after buying an additional 6,463 shares during the period. Van ECK Associates Corp acquired a new position in shares of Loma Negra Compania Industrial Argentina in the 3rd quarter valued at $28,000. Finally, UBS Group AG grew its holdings in shares of Loma Negra Compania Industrial Argentina by 117.0% in the 3rd quarter. UBS Group AG now owns 113,486 shares of the company's stock valued at $836,000 after buying an additional 61,180 shares during the period. 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.

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