Brokerages expect Cemtrex Inc. (NASDAQ:CETX) to post sales of $30.75 million for the current quarter, according to Zacks. Two analysts have issued estimates for Cemtrex’s earnings. The lowest sales estimate is $29.20 million and the highest is $32.29 million. Cemtrex posted sales of $36.77 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 16.4%. The company is scheduled to issue its next earnings report on Thursday, December 28th.

According to Zacks, analysts expect that Cemtrex will report full-year sales of $30.75 million for the current financial year, with estimates ranging from $116.91 million to $120.00 million. For the next fiscal year, analysts expect that the firm will post sales of $134.43 million per share, with estimates ranging from $132.10 million to $136.76 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Cemtrex.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings results on Monday, August 14th. The industrial products company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). Cemtrex had a net margin of 4.05% and a return on equity of 19.22%. The company had revenue of $27.81 million for the quarter, compared to analysts’ expectations of $31.75 million.

Shares of Cemtrex (NASDAQ:CETX) opened at 2.92 on Thursday. Cemtrex has a 12-month low of $2.71 and a 12-month high of $8.41. The stock has a market cap of $29.92 million, a price-to-earnings ratio of 6.29 and a beta of -0.44. The company’s 50-day moving average price is $3.07 and its 200 day moving average price is $3.07.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Spark Investment Management LLC acquired a new position in shares of Cemtrex in the 1st quarter valued at $117,000. AJO LP acquired a new position in shares of Cemtrex in the 2nd quarter valued at $268,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Cemtrex in the 2nd quarter valued at $122,000. 6.50% of the stock is currently owned by institutional investors.

About Cemtrex

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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Earnings History and Estimates for Cemtrex (NASDAQ:CETX)

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