Monarch Cement (OTCMKTS:MCEM) Issues Quarterly Earnings Results

Key Points

• Monarch Cement reported quarterly earnings of $3.03 per share, according to Zacks.
• The company posted a 13.00% return on equity and a 22.00% net margin, indicating solid profitability.
• Following the earnings release, MCEM shares rose $0.75 to $286.50 on Friday, near its 52-week high of $290.00.

Monarch Cement (OTCMKTS:MCEM - Get Free Report) released its earnings results on Friday. The construction company reported $3.03 earnings per share (EPS) for the quarter, Zacks reports. Monarch Cement had a return on equity of 13.00% and a net margin of 22.00%.

Monarch Cement Price Performance

MCEM stock traded up $0.75 on Friday, reaching $286.50. 1,373 shares of the company were exchanged, compared to its average volume of 750. The firm has a market capitalization of $1.07 billion, a PE ratio of 16.61 and a beta of 0.35. Monarch Cement has a 12 month low of $207.00 and a 12 month high of $290.00. The stock's fifty day moving average price is $256.30 and its 200 day moving average price is $239.90.

Monarch Cement Company Profile

The Monarch Cement Company engages in the manufacture and sale of portland cement in the United States. The company also provides masonry cement, ready-mixed concrete, concrete products, and sundry building materials. It primarily serves contractors, ready-mixed concrete plants, concrete products plants, building materials dealers, and governmental agencies. The company sells its products principally in the State of Kansas, the State of Iowa, southeast Nebraska, western Missouri, northwest Arkansas, and northern Oklahoma.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.