$0.07 Earnings Per Share Expected for Cemtrex Inc (CETX) This Quarter
Analysts expect Cemtrex Inc (NASDAQ:CETX) to announce earnings per share (EPS) of $0.07 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Cemtrex’s earnings, with estimates ranging from $0.03 to $0.10. Cemtrex posted earnings of $0.23 per share in the same quarter last year, which would suggest a negative year over year growth rate of 69.6%. The business is scheduled to issue its next quarterly earnings report on Thursday, December 28th.
According to Zacks, analysts expect that Cemtrex will report full year earnings of $0.35 per share for the current fiscal year, with EPS estimates ranging from $0.29 to $0.40. For the next financial year, analysts forecast that the business will post earnings of $0.55 per share, with EPS estimates ranging from $0.37 to $0.72. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Cemtrex.
Several institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. bought a new position in shares of Cemtrex during the 3rd quarter worth approximately $147,000. Dimensional Fund Advisors LP bought a new position in shares of Cemtrex during the 2nd quarter worth approximately $122,000. Finally, AJO LP bought a new position in shares of Cemtrex during the 2nd quarter worth approximately $268,000. 5.50% of the stock is currently owned by hedge funds and other institutional investors.
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.
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