Cementos Pacasmayo (CPAC) Updates FY 2018 Earnings Guidance

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Cementos Pacasmayo (NYSE:CPAC) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $10.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.76.

Shares of Cementos Pacasmayo stock opened at $10.25 on Friday. The company has a quick ratio of 1.15, a current ratio of 3.21 and a debt-to-equity ratio of 0.62. Cementos Pacasmayo has a 1-year low of $9.20 and a 1-year high of $14.11. The firm has a market capitalization of $915.56 million, a PE ratio of 32.03, a PEG ratio of 0.72 and a beta of 1.16.

Cementos Pacasmayo (NYSE:CPAC) last issued its quarterly earnings data on Friday, July 20th. The construction company reported $0.09 earnings per share for the quarter. Cementos Pacasmayo had a net margin of 8.28% and a return on equity of 5.86%. The business had revenue of $88.28 million during the quarter. As a group, analysts anticipate that Cementos Pacasmayo will post 0.52 EPS for the current year.

The company also recently disclosed a special dividend, which will be paid on Thursday, December 6th. Stockholders of record on Friday, November 9th will be paid a $0.5713 dividend. This represents a dividend yield of 5.17%. This is a boost from Cementos Pacasmayo’s previous special dividend of $0.35. The ex-dividend date is Thursday, November 8th. Cementos Pacasmayo’s payout ratio is presently 156.25%.

CPAC has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Cementos Pacasmayo from a buy rating to a hold rating in a research note on Tuesday, July 3rd. UBS Group upgraded shares of Cementos Pacasmayo from a sell rating to a neutral rating in a research note on Monday, June 25th. Finally, ValuEngine cut shares of Cementos Pacasmayo from a hold rating to a sell rating in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company has a consensus rating of Hold and a consensus price target of $12.50.

About Cementos Pacasmayo

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in the northern region of Peru. The company operates in three segments: Cement, Concrete and Blocks; Quicklime; and Sales of Construction Supplies. It produces cement for various uses, such as residential and commercial construction, and civil engineering; ready-mix concrete used in large construction sites; concrete blocks, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete blocks for structural and non-structural uses; and cement based products, including assembly gravity walls, beams and vaults, precast beams, sheet piles, seawalls, and piles, as well as bathroom and housing units.

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