$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 (NASDAQ CETX) traded down $0.09 during trading on Wednesday, hitting $2.51. 104,027 shares of the company’s stock traded hands, compared to its average volume of 362,430. Cemtrex has a 1 year low of $2.38 and a 1 year high of $8.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.66 and a current ratio of 2.55. The company has a market cap of $27.36, a PE ratio of 5.13 and a beta of -0.50.

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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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Earnings History and Estimates for Cemtrex (NASDAQ:CETX)

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