Lsb Industries (NYSE:LXU) Announces Quarterly Earnings Results

Lsb Industries (NYSE:LXU) issued its quarterly earnings results on Wednesday. The conglomerate reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.08, FiscalAI reports. The company had revenue of $158.60 million for the quarter, compared to the consensus estimate of $165.37 million. Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%.

Lsb Industries Stock Down 0.9%

NYSE:LXU traded down $0.09 during trading hours on Wednesday, hitting $10.28. The company’s stock had a trading volume of 978,469 shares, compared to its average volume of 1,027,872. The stock has a market capitalization of $740.14 million, a P/E ratio of 20.56 and a beta of 0.44. The stock has a fifty day moving average of $10.52 and a 200-day moving average of $11.71. The company has a current ratio of 2.43, a quick ratio of 2.31 and a debt-to-equity ratio of 0.82. Lsb Industries has a 52-week low of $8.12 and a 52-week high of $17.22.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wall Street Zen downgraded Lsb Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of Lsb Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 16th. set a $13.00 target price on shares of Lsb Industries and gave the company an “outperform” rating in a report on Monday, October 5th. Freedom Broker assumed coverage on shares of Lsb Industries in a report on Tuesday. They issued a “hold” rating and a $9.50 target price on the stock. Finally, Royal Bank Of Canada upgraded shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price target for the company in a research note on Monday, August 10th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.38.

Lsb Industries Company Profile

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.