Analysts expect that Cemtrex Inc. (NASDAQ:CETX) will post $30.75 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cemtrex’s earnings. The lowest sales estimate is $29.20 million and the highest is $32.29 million. Cemtrex reported sales of $36.77 million during the same quarter last year, which would suggest a negative year over year growth rate of 16.4%. The business is expected to announce 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 financial year, analysts expect that the company 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 averages are a mean average based on a survey of analysts that that provide coverage for Cemtrex.

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

An institutional investor recently bought a new position in Cemtrex stock. AJO LP acquired a new stake in Cemtrex Inc. (NASDAQ:CETX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 74,546 shares of the industrial products company’s stock, valued at approximately $268,000. AJO LP owned approximately 0.75% of Cemtrex as of its most recent SEC filing. 6.50% of the stock is owned by hedge funds and other institutional investors.

Cemtrex (CETX) opened at 2.945 on Tuesday. The company’s 50 day moving average is $3.02 and its 200-day moving average is $3.25. Cemtrex has a 1-year low of $2.71 and a 1-year high of $8.41. The stock has a market cap of $30.18 million, a PE ratio of 6.347 and a beta of -0.44.

WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/10/31/analysts-expect-cemtrex-inc-cetx-will-post-quarterly-sales-of-30-75-million.html.

Cemtrex Company Profile

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.

Get a free copy of the Zacks research report on Cemtrex (CETX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Cemtrex (NASDAQ:CETX)

Receive News & Ratings for Cemtrex Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemtrex Inc. and related companies with MarketBeat.com's FREE daily email newsletter.