Taglich Brothers Comments on Cemtrex Inc.’s FY2017 Earnings (CETX)
Cemtrex Inc. (NASDAQ:CETX) – Analysts at Taglich Brothers decreased their FY2017 earnings per share estimates for shares of Cemtrex in a research report issued on Wednesday. Taglich Brothers analyst J. Nobile now anticipates that the industrial products company will post earnings per share of $0.29 for the year, down from their previous forecast of $0.37. Taglich Brothers also issued estimates for Cemtrex’s Q4 2017 earnings at $0.03 EPS.
Separately, ValuEngine cut shares of Cemtrex from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 6th.
Cemtrex (NASDAQ:CETX) opened at 3.04 on Friday. Cemtrex has a one year low of $2.71 and a one year high of $8.41. The firm has a market capitalization of $31.15 million, a P/E ratio of 6.55 and a beta of -0.43. The stock has a 50 day moving average price of $3.12 and a 200 day moving average price of $3.36.
Cemtrex (NASDAQ:CETX) last announced its earnings results on Monday, August 14th. The industrial products company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by $0.01. The business had revenue of $27.81 million during the quarter, compared to analyst estimates of $31.75 million. Cemtrex had a return on equity of 19.22% and a net margin of 4.05%.
A number of large investors have recently made changes to their positions in CETX. AJO LP bought a new position in Cemtrex in the second quarter valued at approximately $268,000. Algert Global LLC bought a new position in Cemtrex in the first quarter valued at approximately $177,000. Dimensional Fund Advisors LP bought a new position in Cemtrex in the second quarter valued at approximately $122,000. Finally, Spark Investment Management LLC bought a new position in Cemtrex in the first quarter valued at approximately $117,000. 6.50% of the stock is currently owned by institutional investors and hedge funds.
Cemtrex, Inc is a diversified technology company, which provides solutions to industrial and manufacturing needs. The Company provides manufacturing services of electronic system assemblies; provides broad-based industrial services, instruments and emission monitors for industrial processes, and provides industrial air filtration and environmental control systems.
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