Louisiana-Pacific (LPX) Scheduled to Post Earnings on Tuesday

Louisiana-Pacific (NYSE:LPX) will be announcing its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.16 per share for the quarter.

Louisiana-Pacific (NYSE:LPX) last issued its 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). The business had revenue of $589.00 million during the quarter, compared to the consensus estimate of $606.88 million. Louisiana-Pacific had a return on equity of 22.87% and a net margin of 13.95%. The company’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. On average, analysts expect Louisiana-Pacific to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of LPX stock opened at $25.43 on Friday. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 2.80 and a beta of 1.37. 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 fifty-two week low of $20.39 and a fifty-two week high of $32.16.

A number of equities research analysts have weighed in on LPX shares. Stephens upgraded Louisiana-Pacific from an “equal weight” rating to an “overweight” rating and set a $32.00 target price for the company in a report on Friday, April 5th. TD Securities lifted their target price on Louisiana-Pacific from $25.00 to $29.00 and gave the stock a “hold” rating in a report on Thursday, February 14th. Zacks Investment Research downgraded Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. ValuEngine downgraded Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Finally, Bank of America upgraded Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $24.75 target price for the company in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $28.63.

In other news, Director Gary Cook sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $24.76, for a total transaction of $99,040.00. Following the completion of the sale, the director now owns 52,139 shares in the company, valued at $1,290,961.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.40% of the company’s stock.

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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 for Louisiana-Pacific (NYSE:LPX)

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