Louisiana-Pacific Corporation (NYSE:LPX) is scheduled to issue its quarterly earnings data before the market opens on Monday, November 6th. Analysts expect the company to announce earnings of $0.59 per share for the quarter.
Louisiana-Pacific Corporation (NYSE:LPX) last released its earnings results on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.03). The business had revenue of $694.00 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. On average, analysts expect Louisiana-Pacific Corporation to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Louisiana-Pacific Corporation (LPX) opened at $27.29 on Friday. The company has a quick ratio of 4.05, a current ratio of 5.01 and a debt-to-equity ratio of 0.26. The company has a market cap of $3.92 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 2.46 and a beta of 1.50.
In related news, SVP Michael Sims sold 5,871 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $27.06, for a total value of $158,869.26. Following the transaction, the senior vice president now owns 41,523 shares in the company, valued at $1,123,612.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Rebecca Anne Barckley sold 5,128 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $27.00, for a total value of $138,456.00. Following the completion of the transaction, the insider now owns 7,305 shares in the company, valued at approximately $197,235. The disclosure for this sale can be found here. 1.48% of the stock is owned by corporate insiders.
LPX has been the subject of a number of research reports. Zacks Investment Research downgraded Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Royal Bank Of Canada boosted their price target on Louisiana-Pacific Corporation and gave the company an “outperform” rating in a research report on Tuesday, September 26th. Longbow Research reissued a “neutral” rating on shares of Louisiana-Pacific Corporation in a research report on Tuesday, October 10th. Stephens initiated coverage on Louisiana-Pacific Corporation in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $30.00 price target for the company. Finally, BidaskClub downgraded Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $29.67.
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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.
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