Louisiana-Pacific Co. (NYSE:LPX) Expected to Announce Earnings of $0.32 Per Share

Equities research analysts forecast that Louisiana-Pacific Co. (NYSE:LPX) will announce earnings per share (EPS) of $0.32 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Louisiana-Pacific’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.50. Louisiana-Pacific posted earnings of $1.08 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 70.4%. The firm is expected to issue its next earnings results on Tuesday, August 6th.

On average, analysts expect that Louisiana-Pacific will report full-year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.04 to $1.85. For the next financial year, analysts anticipate that the company will post earnings of $2.40 per share, with EPS estimates ranging from $1.56 to $2.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Louisiana-Pacific.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Tuesday, May 7th. The building manufacturing company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). Louisiana-Pacific had a net margin of 12.16% and a return on equity of 19.63%. The business had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $601.49 million. During the same period last year, the business earned $0.63 earnings per share. The company’s quarterly revenue was down 15.8% on a year-over-year basis.

LPX has been the topic of several recent research reports. Stephens raised Louisiana-Pacific from an “equal weight” rating to an “overweight” rating and set a $32.00 target price on the stock in a research note on Friday, April 5th. Zacks Investment Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. TD Securities decreased their target price on Louisiana-Pacific from $27.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. ValuEngine cut Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Finally, BMO Capital Markets upgraded Louisiana-Pacific from a “market perform” rating to an “outperform” rating and raised their price target for the company from $26.00 to $28.00 in a report on Friday, June 14th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Louisiana-Pacific has a consensus rating of “Buy” and a consensus target price of $29.25.

A number of institutional investors have recently bought and sold shares of LPX. Toronto Dominion Bank grew its holdings in shares of Louisiana-Pacific by 28.5% during the fourth quarter. Toronto Dominion Bank now owns 2,570 shares of the building manufacturing company’s stock worth $57,000 after buying an additional 570 shares during the last quarter. Cerebellum GP LLC grew its holdings in shares of Louisiana-Pacific by 6.2% during the first quarter. Cerebellum GP LLC now owns 12,704 shares of the building manufacturing company’s stock worth $310,000 after buying an additional 743 shares during the last quarter. Comerica Bank grew its holdings in shares of Louisiana-Pacific by 0.8% during the fourth quarter. Comerica Bank now owns 91,608 shares of the building manufacturing company’s stock worth $2,206,000 after buying an additional 770 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Louisiana-Pacific by 3.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 36,261 shares of the building manufacturing company’s stock worth $806,000 after buying an additional 1,226 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Louisiana-Pacific by 8.0% during the fourth quarter. Amalgamated Bank now owns 20,912 shares of the building manufacturing company’s stock worth $465,000 after buying an additional 1,554 shares during the last quarter. Institutional investors own 89.45% of the company’s stock.

LPX stock traded up $0.21 during trading on Wednesday, reaching $26.65. The stock had a trading volume of 508,137 shares, compared to its average volume of 2,111,474. The firm’s 50 day moving average is $24.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.25 and a current ratio of 3.55. Louisiana-Pacific has a 52 week low of $20.39 and a 52 week high of $32.16. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 3.52 and a beta of 1.44.

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Tuesday, May 21st were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Monday, May 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is 19.71%.

About Louisiana-Pacific

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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