Cementos Pacasmayo S.A.A. (NYSE:CPAC) Announces Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Cementos Pacasmayo S.A.A. (NYSE:CPAC) released its quarterly earnings data on Thursday. The construction company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11), reports. Cementos Pacasmayo S.A.A. had a net margin of 10.68% and a return on equity of 17.19%. The business had revenue of $166.82 million during the quarter, compared to analysts’ expectations of $174.95 million.

Cementos Pacasmayo S.A.A. Trading Up 0.4%

Shares of CPAC traded up $0.04 during trading hours on Friday, reaching $10.68. 3,809 shares of the company’s stock traded hands, compared to its average volume of 24,977. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.40. The firm’s 50 day simple moving average is $10.10 and its 200-day simple moving average is $7.97. Cementos Pacasmayo S.A.A. has a 12 month low of $5.10 and a 12 month high of $11.50.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Scotiabank raised their price target on Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the stock a “sector perform” rating in a report on Friday, December 19th. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Wall Street Zen upgraded Cementos Pacasmayo S.A.A. to a “buy” rating in a research note on Saturday, January 17th. Finally, JPMorgan Chase & Co. upped their price target on Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the company an “underweight” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.15.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in Cementos Pacasmayo S.A.A. by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after buying an additional 6,054 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Cementos Pacasmayo S.A.A. by 6.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock valued at $179,000 after buying an additional 1,900 shares in the last quarter. Finally, LPL Financial LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. during the 4th quarter worth $155,000.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA. is a Peru‐based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects.

Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.