Wall Street brokerages expect that Louisiana-Pacific Co. (NYSE:LPX) will report earnings per share of $0.16 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Louisiana-Pacific’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.06. Louisiana-Pacific reported earnings of $0.63 per share in the same quarter last year, which would indicate a negative year over year growth rate of 74.6%. The firm is scheduled to announce its next earnings report on Monday, May 6th.

According to Zacks, analysts expect that Louisiana-Pacific will report full-year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.47 to $2.35. For the next year, analysts anticipate that the firm will post earnings of $2.52 per share, with EPS estimates ranging from $1.90 to $3.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Louisiana-Pacific.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, February 13th. The building manufacturing company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.07). The firm had revenue of $589.00 million during the quarter, compared to the consensus estimate of $606.88 million. Louisiana-Pacific had a net margin of 13.95% and a return on equity of 22.87%. The firm’s quarterly revenue was down 17.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 earnings per share.

LPX has been the subject of a number of recent research reports. TD Securities raised their price target on shares of Louisiana-Pacific from $25.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, February 14th. Bank of America lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $29.00 to $24.00 in a research report on Wednesday, January 2nd. Stephens raised shares of Louisiana-Pacific from an “equal weight” rating to an “overweight” rating and set a $32.00 price target for the company in a research report on Friday, April 5th. Zacks Investment Research lowered shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Finally, ValuEngine lowered shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Louisiana-Pacific currently has a consensus rating of “Hold” and a consensus price target of $28.50.

LPX stock opened at $24.72 on Friday. The company has a market capitalization of $3.05 billion, a P/E ratio of 9.02, a P/E/G ratio of 2.76 and a beta of 1.38. The company has a quick ratio of 3.88, a current ratio of 4.92 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a 52 week low of $20.39 and a 52 week high of $32.16.

In other news, Director Gary Cook sold 4,000 shares of Louisiana-Pacific stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $24.76, for a total transaction of $99,040.00. Following the completion of the transaction, the director now directly owns 52,139 shares of the company’s stock, valued at approximately $1,290,961.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.40% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in LPX. New England Research & Management Inc. boosted its stake in Louisiana-Pacific by 3.2% during the 4th quarter. New England Research & Management Inc. now owns 16,016 shares of the building manufacturing company’s stock worth $356,000 after purchasing an additional 500 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Louisiana-Pacific by 28.5% during the 4th quarter. Toronto Dominion Bank now owns 2,570 shares of the building manufacturing company’s stock valued at $57,000 after acquiring an additional 570 shares during the last quarter. Comerica Bank boosted its position in shares of Louisiana-Pacific by 0.8% during the 4th quarter. Comerica Bank now owns 91,608 shares of the building manufacturing company’s stock valued at $2,206,000 after acquiring an additional 770 shares during the last quarter. Strs Ohio boosted its position in shares of Louisiana-Pacific by 2.0% during the 4th quarter. Strs Ohio now owns 62,200 shares of the building manufacturing company’s stock valued at $1,382,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Louisiana-Pacific by 3.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 36,261 shares of the building manufacturing company’s stock valued at $806,000 after acquiring an additional 1,226 shares during the last quarter. 89.44% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

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Earnings History and Estimates for Louisiana-Pacific (NYSE:LPX)

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