Feltl & Co. Research Analysts Lower Earnings Estimates for LSB Industries Inc. (LXU)
LSB Industries Inc. (NYSE:LXU) – Stock analysts at Feltl & Co. reduced their Q4 2016 earnings per share estimates for shares of LSB Industries in a research report issued on Monday. Feltl & Co. analyst B. Rystrom now forecasts that the firm will earn ($0.85) per share for the quarter, down from their prior estimate of ($0.60). Feltl & Co. also issued estimates for LSB Industries’ Q1 2017 earnings at ($0.25) EPS, Q2 2017 earnings at ($0.25) EPS, Q3 2017 earnings at ($0.43) EPS, Q4 2017 earnings at ($0.32) EPS and FY2017 earnings at ($1.24) EPS.
LSB Industries (NYSE:LXU) last posted its earnings results on Thursday, November 3rd. The company reported ($2.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.43) by $0.69. LSB Industries had a net margin of 24.50% and a return on equity of 3.20%. The business earned $80.30 million during the quarter, compared to analysts’ expectations of $74.49 million. During the same period last year, the business posted ($0.47) earnings per share. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year.
Separately, Zacks Investment Research raised LSB Industries from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd.
LSB Industries (NYSE:LXU) opened at 7.90 on Thursday. The stock has a market capitalization of $220.50 million, a price-to-earnings ratio of 2.36 and a beta of 4.19. The company has a 50 day moving average of $6.80 and a 200-day moving average of $10.70. LSB Industries has a 12-month low of $3.68 and a 12-month high of $15.50.
A number of hedge funds and other institutional investors have recently made changes to their positions in LXU. California Public Employees Retirement System increased its position in shares of LSB Industries by 15.7% in the second quarter. California Public Employees Retirement System now owns 104,500 shares of the company’s stock worth $1,262,000 after buying an additional 14,200 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of LSB Industries during the second quarter valued at $5,856,000. Mutual of America Capital Management LLC acquired a new position in shares of LSB Industries during the second quarter valued at $1,119,000. Swiss National Bank increased its position in shares of LSB Industries by 10.4% in the second quarter. Swiss National Bank now owns 33,900 shares of the company’s stock valued at $410,000 after buying an additional 3,200 shares during the last quarter. Finally, Wilen Investment Management CORP. acquired a new position in shares of LSB Industries during the second quarter valued at $115,000. 70.53% of the stock is 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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