Cemtrex Inc (NASDAQ:CETX) – Stock analysts at Taglich Brothers lowered their Q1 2018 earnings per share (EPS) estimates for Cemtrex in a research note issued to investors on Thursday. Taglich Brothers analyst J. Nobile now anticipates that the industrial products company will post earnings per share of $0.18 for the quarter, down from their previous estimate of $0.21. Taglich Brothers also issued estimates for Cemtrex’s Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $0.67 EPS, Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.25 EPS and FY2019 earnings at $1.14 EPS.

Shares of Cemtrex (CETX) opened at $2.79 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.31 and a quick ratio of 1.45. The company has a market cap of $28.59, a P/E ratio of 9.00 and a beta of 5.22. Cemtrex has a 12-month low of $2.38 and a 12-month high of $8.41.

A number of hedge funds have recently added to or reduced their stakes in CETX. AJO LP purchased a new stake in Cemtrex in the 2nd quarter worth approximately $268,000. Macquarie Group Ltd. purchased a new stake in Cemtrex in the 3rd quarter worth approximately $147,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Cemtrex in the 2nd quarter worth approximately $122,000. Institutional investors own 5.50% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://theolympiareport.com/2017/12/25/q1-2018-eps-estimates-for-cemtrex-inc-cetx-reduced-by-taglich-brothers.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.

Earnings History and Estimates for Cemtrex (NASDAQ:CETX)

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