Wall Street analysts expect Louisiana-Pacific Co. (NYSE:LPX) to announce $0.25 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Louisiana-Pacific’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.30. Louisiana-Pacific posted earnings per share of $0.83 during the same quarter last year, which indicates a negative year over year growth rate of 69.9%. The firm is expected to issue its next earnings results on Tuesday, November 5th.

On average, analysts expect that Louisiana-Pacific will report full year earnings of $0.83 per share for the current year, with EPS estimates ranging from $0.58 to $1.13. For the next financial year, analysts anticipate that the company will post earnings of $2.01 per share, with EPS estimates ranging from $0.98 to $2.74. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Louisiana-Pacific.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Tuesday, August 6th. The building manufacturing company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.14). The company had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $641.63 million. Louisiana-Pacific had a return on equity of 11.70% and a net margin of 7.41%. The business’s quarterly revenue was down 27.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 EPS.

Several research firms have weighed in on LPX. TD Securities dropped their price target on Louisiana-Pacific from $27.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. ValuEngine raised Louisiana-Pacific from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Bank of America raised Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $24.75 price target for the company in a research report on Tuesday, April 30th. Zacks Investment Research raised Louisiana-Pacific from a “sell” rating to a “hold” rating and set a $27.00 price target for the company in a research report on Friday, August 2nd. Finally, Longbow Research raised Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Monday, May 20th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $28.84.

Hedge funds have recently bought and sold shares of the company. Coastal Capital Group Inc. acquired a new stake in shares of Louisiana-Pacific during the second quarter worth $27,000. Valeo Financial Advisors LLC acquired a new stake in shares of Louisiana-Pacific during the first quarter worth $45,000. Price Wealth Management Inc. acquired a new stake in shares of Louisiana-Pacific during the second quarter worth $84,000. Prestige Wealth Management Group LLC acquired a new stake in shares of Louisiana-Pacific during the second quarter worth $113,000. Finally, Baker Ellis Asset Management LLC acquired a new stake in shares of Louisiana-Pacific during the first quarter worth $134,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Louisiana-Pacific stock traded up $0.68 during mid-day trading on Friday, hitting $23.31. 1,606,500 shares of the company were exchanged, compared to its average volume of 2,108,369. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.62 and a quick ratio of 2.34. The business’s 50 day simple moving average is $25.38 and its two-hundred day simple moving average is $24.87. The company has a market capitalization of $2.81 billion, a P/E ratio of 8.51 and a beta of 1.41. Louisiana-Pacific has a 12-month low of $20.39 and a 12-month high of $32.16.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, August 16th. Louisiana-Pacific’s dividend payout ratio (DPR) is 19.71%.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

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Earnings History and Estimates for Louisiana-Pacific (NYSE:LPX)

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