Louisiana-Pacific Co. (NYSE:LPX) to Post Q4 2019 Earnings of $0.56 Per Share, Seaport Global Securities Forecasts

Louisiana-Pacific Co. (NYSE:LPX) – Investment analysts at Seaport Global Securities increased their Q4 2019 earnings per share estimates for Louisiana-Pacific in a report released on Friday, March 29th, according to Zacks Investment Research. Seaport Global Securities analyst M. Weintraub now expects that the building manufacturing company will earn $0.56 per share for the quarter, up from their previous estimate of $0.53. Seaport Global Securities also issued estimates for Louisiana-Pacific’s Q1 2020 earnings at $0.46 EPS, Q2 2020 earnings at $0.84 EPS, Q3 2020 earnings at $0.94 EPS, Q4 2020 earnings at $0.65 EPS and FY2020 earnings at $2.90 EPS.

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

A number of other analysts have also commented on the stock. Bank of America lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $29.00 to $24.00 in a research note 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 objective for the company in a research note on Friday, April 5th. TD Securities upped their price objective on shares of Louisiana-Pacific from $25.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, February 14th. ValuEngine lowered shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Finally, Zacks Investment Research downgraded Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Thursday, February 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Louisiana-Pacific presently has a consensus rating of “Hold” and an average target price of $28.50.

NYSE LPX traded up $0.07 on Monday, reaching $24.08. The company’s stock had a trading volume of 1,526,015 shares, compared to its average volume of 1,955,284. The company has a current ratio of 4.92, a quick ratio of 3.88 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a twelve month low of $20.39 and a twelve month high of $32.16. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 2.76 and a beta of 1.38.

In other news, Director Gary Cook sold 4,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $24.76, for a total value of $99,040.00. Following the completion of the sale, the director now directly owns 52,139 shares of the company’s stock, valued at $1,290,961.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Louisiana-Pacific by 0.5% in the third quarter. Vanguard Group Inc. now owns 16,716,528 shares of the building manufacturing company’s stock worth $442,821,000 after purchasing an additional 79,358 shares during the period. Vanguard Group Inc lifted its position in Louisiana-Pacific by 0.5% in the third quarter. Vanguard Group Inc now owns 16,716,528 shares of the building manufacturing company’s stock worth $442,821,000 after purchasing an additional 79,358 shares during the period. Dimensional Fund Advisors LP lifted its position in Louisiana-Pacific by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,008,078 shares of the building manufacturing company’s stock worth $111,278,000 after purchasing an additional 390,428 shares during the period. Bank of New York Mellon Corp lifted its position in Louisiana-Pacific by 2.3% in the fourth quarter. Bank of New York Mellon Corp now owns 4,209,077 shares of the building manufacturing company’s stock worth $93,525,000 after purchasing an additional 92,671 shares during the period. Finally, APG Asset Management N.V. lifted its position in Louisiana-Pacific by 28.8% in the fourth quarter. APG Asset Management N.V. now owns 2,711,900 shares of the building manufacturing company’s stock worth $52,713,000 after purchasing an additional 605,800 shares during the period. 89.44% of the stock is owned by 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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