Louisiana-Pacific (NYSE:LPX – Get Free Report) announced its earnings results on Wednesday. The building manufacturing company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.40, Briefing.com reports. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The company had revenue of $724.00 million for the quarter, compared to analysts’ expectations of $686.84 million. During the same period last year, the firm earned $0.34 EPS. Louisiana-Pacific’s revenue for the quarter was up 24.0% compared to the same quarter last year.
Louisiana-Pacific Price Performance
Shares of Louisiana-Pacific stock traded down $2.46 during trading hours on Thursday, reaching $85.68. The company’s stock had a trading volume of 913,750 shares, compared to its average volume of 913,248. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54. Louisiana-Pacific has a one year low of $49.47 and a one year high of $88.40. The firm has a 50 day moving average price of $77.41 and a 200-day moving average price of $69.26. The stock has a market cap of $6.20 billion, a P/E ratio of 35.30 and a beta of 1.87.
Louisiana-Pacific Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.04 annualized dividend and a yield of 1.21%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s dividend payout ratio (DPR) is 42.45%.
Analyst Ratings Changes
View Our Latest Analysis on Louisiana-Pacific
Insider Buying and Selling
In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $77.58, for a total value of $193,950.00. Following the completion of the sale, the director now owns 25,995 shares in the company, valued at approximately $2,016,692.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.53% of the stock is currently owned by company insiders.
About Louisiana-Pacific
Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.
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