Feltl & Co. Comments on LSB Industries Inc.’s Q3 2016 Earnings (LXU)
LSB Industries Inc. (NYSE:LXU) – Equities research analysts at Feltl & Co. reduced their Q3 2016 earnings per share (EPS) estimates for shares of LSB Industries in a report issued on Thursday. Feltl & Co. analyst B. Rystrom now anticipates that the firm will earn ($0.81) per share for the quarter, down from their previous forecast of ($0.60). Feltl & Co. also issued estimates for LSB Industries’ Q4 2016 earnings at ($0.60) EPS, FY2016 earnings at ($2.65) EPS, Q1 2017 earnings at ($0.09) EPS, Q2 2017 earnings at ($0.05) EPS, Q3 2017 earnings at ($0.34) EPS, Q4 2017 earnings at ($0.16) EPS and FY2017 earnings at ($0.64) EPS.
LSB Industries (NYSE:LXU) last posted its earnings results on Monday, August 8th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by $0.36. The business had revenue of $109.98 million for the quarter, compared to analyst estimates of $167.65 million. LSB Industries had a negative return on equity of 8.23% and a negative net margin of 7.06%. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share.
Separately, Zacks Investment Research raised LSB Industries from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th.
LSB Industries (NYSE:LXU) opened at 6.85 on Monday. The company’s 50 day moving average price is $9.61 and its 200-day moving average price is $11.83. The firm’s market capitalization is $191.35 million. LSB Industries has a 12-month low of $3.68 and a 12-month high of $17.93.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Robotti Robert boosted its position in shares of LSB Industries by 44.6% in the first quarter. Robotti Robert now owns 1,738,232 shares of the company’s stock valued at $22,163,000 after buying an additional 536,215 shares during the last quarter. Boston Partners bought a new position in shares of LSB Industries during the second quarter valued at about $2,045,000. Kennedy Capital Management Inc. bought a new position in shares of LSB Industries during the first quarter valued at about $2,731,000. JPMorgan Chase & Co. boosted its position in shares of LSB Industries by 1,340.7% in the first quarter. JPMorgan Chase & Co. now owns 61,635 shares of the company’s stock valued at $786,000 after buying an additional 57,357 shares during the last quarter. Finally, Oxford Asset Management boosted its position in shares of LSB Industries by 48.7% in the second quarter. Oxford Asset Management now owns 167,626 shares of the company’s stock valued at $2,025,000 after buying an additional 54,888 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.
About LSB Industries
LSB Industries, Inc is a diversified holding company engaged in manufacturing operations through its subsidiaries. The Company’s segments are Chemical Business, Climate Control Business and Other. Its Chemical Business segment manufactures and sells nitrogen-based chemical products for the agricultural, industrial and mining markets.
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