Louisiana-Pacific Corporation (LPX) Posts Earnings Results, Misses Estimates By $0.05 EPS
Louisiana-Pacific Corporation (NYSE:LPX) issued its quarterly earnings results on Monday. The construction company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.05), Bloomberg Earnings reports. The company had revenue of $718.30 million during the quarter, compared to the consensus estimate of $731.47 million. Louisiana-Pacific Corporation had a return on equity of 17.13% and a net margin of 10.50%. Louisiana-Pacific Corporation’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS.
Shares of Louisiana-Pacific Corporation (NYSE LPX) opened at $25.97 on Tuesday. The stock has a market cap of $3,951.52, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 2.48 and a beta of 1.50. Louisiana-Pacific Corporation has a twelve month low of $17.41 and a twelve month high of $29.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.01 and a quick ratio of 4.05.
In other news, insider Rebecca Anne Barckley sold 5,128 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $27.00, for a total value of $138,456.00. Following the completion of the sale, the insider now directly owns 7,305 shares of the company’s stock, valued at approximately $197,235. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael Sims sold 5,871 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $27.06, for a total transaction of $158,869.26. Following the completion of the sale, the senior vice president now directly owns 41,523 shares of the company’s stock, valued at $1,123,612.38. The disclosure for this sale can be found here. 1.48% of the stock is owned by company insiders.
A number of brokerages have recently commented on LPX. Vertical Research raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, July 11th. BidaskClub lowered shares of Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BMO Capital Markets reaffirmed a “hold” rating and set a $22.00 target price on shares of Louisiana-Pacific Corporation in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $32.00 target price on shares of Louisiana-Pacific Corporation in a report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.67.
Louisiana-Pacific Corporation Company Profile
Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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