Louisiana-Pacific Corporation (LPX) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Louisiana-Pacific Corporation (NYSE:LPX) released its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.03, Bloomberg Earnings reports. The business had revenue of $694 million during the quarter, compared to the consensus estimate of $700.73 million. Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share.

Louisiana-Pacific Corporation (LPX) traded up 1.52% during midday trading on Friday, reaching $24.08. The company’s stock had a trading volume of 2,082,900 shares. The firm has a market cap of $3.49 billion, a P/E ratio of 13.71 and a beta of 1.34. The firm has a 50 day moving average of $24.68 and a 200 day moving average of $24.10. Louisiana-Pacific Corporation has a 52-week low of $17.08 and a 52-week high of $26.93.

LPX has been the subject of a number of research reports. Zacks Investment Research lowered Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. BidaskClub upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $32.00 price objective on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 23rd. ValuEngine upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Finally, DA Davidson lowered Louisiana-Pacific Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, May 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $27.00.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its position in Louisiana-Pacific Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 20,264 shares of the construction company’s stock valued at $489,000 after buying an additional 52 shares in the last quarter. Teacher Retirement System of Texas raised its position in Louisiana-Pacific Corporation by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 11,534 shares of the construction company’s stock valued at $278,000 after buying an additional 54 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Louisiana-Pacific Corporation by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock valued at $140,000 after buying an additional 56 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of Louisiana-Pacific Corporation by 0.8% in the first quarter. Acrospire Investment Management LLC now owns 7,741 shares of the construction company’s stock valued at $192,000 after buying an additional 60 shares during the last quarter. Finally, Creative Planning increased its stake in shares of Louisiana-Pacific Corporation by 1.9% in the second quarter. Creative Planning now owns 7,773 shares of the construction company’s stock valued at $187,000 after buying an additional 147 shares during the last quarter. Institutional investors own 93.94% of the company’s stock.

About Louisiana-Pacific Corporation

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.

Earnings History for Louisiana-Pacific Corporation (NYSE:LPX)

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