Louisiana-Pacific (LPX) Set to Announce Earnings on Wednesday

Louisiana-Pacific (NYSE:LPX) will release its earnings data before the market opens on Wednesday, August 7th. Analysts expect Louisiana-Pacific to post earnings of $2.02 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The business had revenue of $724.00 million for the quarter, compared to the consensus estimate of $686.84 million. During the same quarter in the prior year, the company earned $0.34 EPS. The business’s revenue was up 24.0% compared to the same quarter last year. On average, analysts expect Louisiana-Pacific to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Louisiana-Pacific Price Performance

NYSE LPX opened at $91.81 on Tuesday. Louisiana-Pacific has a 12-month low of $49.47 and a 12-month high of $100.65. The firm’s fifty day simple moving average is $88.89 and its two-hundred day simple moving average is $80.57. The company has a current ratio of 3.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $6.58 billion, a P/E ratio of 25.22, a P/E/G ratio of 13.92 and a beta of 1.89.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.04 dividend on an annualized basis and a yield of 1.13%. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 3,591 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $89.18, for a total value of $320,245.38. Following the transaction, the director now directly owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on LPX. Seaport Res Ptn cut Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Thursday, May 9th. BMO Capital Markets lifted their target price on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. TD Securities increased their target price on Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, May 9th. The Goldman Sachs Group downgraded shares of Louisiana-Pacific from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $89.00 to $81.00 in a research note on Monday, June 17th. Finally, StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $90.50.

Louisiana-Pacific Company Profile

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.