Taglich Brothers Comments on Cemtrex Inc.’s Q1 2018 Earnings (CETX)
Cemtrex Inc. (NASDAQ:CETX) – Equities researchers at Taglich Brothers decreased their Q1 2018 earnings per share estimates for shares of Cemtrex in a report released on Wednesday. Taglich Brothers analyst J. Nobile now forecasts that the industrial products company will post earnings of $0.21 per share for the quarter, down from their previous forecast of $0.23. Taglich Brothers also issued estimates for Cemtrex’s Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $0.72 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.34 EPS and FY2019 earnings at $1.19 EPS.
Cemtrex (NASDAQ:CETX) last posted its quarterly earnings data on Monday, August 14th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The firm had revenue of $27.81 million during the quarter, compared to analysts’ expectations of $31.75 million. Cemtrex had a net margin of 4.05% and a return on equity of 19.22%.
Separately, ValuEngine cut Cemtrex from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 6th.
Shares of Cemtrex (NASDAQ:CETX) opened at 3.15 on Monday. Cemtrex has a 12-month low of $2.71 and a 12-month high of $8.41. The company has a 50 day moving average price of $3.11 and a 200 day moving average price of $3.35. The stock has a market cap of $32.28 million, a P/E ratio of 6.79 and a beta of -0.43.
A number of large investors have recently added to or reduced their stakes in the business. Spark Investment Management LLC purchased a new position in Cemtrex in the first quarter valued at about $117,000. Dimensional Fund Advisors LP purchased a new position in Cemtrex in the second quarter valued at about $122,000. Finally, AJO LP purchased a new position in Cemtrex in the second quarter valued at about $268,000. 6.50% of the stock is currently owned by institutional investors.
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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