Louisiana-Pacific Co. Expected to Post FY2019 Earnings of $0.39 Per Share (NYSE:LPX)
Louisiana-Pacific Co. (NYSE:LPX) – Equities researchers at DA Davidson dropped their FY2019 EPS estimates for Louisiana-Pacific in a note issued to investors on Wednesday, November 6th. DA Davidson analyst S. Chercover now expects that the building manufacturing company will post earnings of $0.39 per share for the year, down from their prior forecast of $0.58. DA Davidson also issued estimates for Louisiana-Pacific’s Q4 2019 earnings at $0.07 EPS.
Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Tuesday, November 5th. The building manufacturing company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.10). The company had revenue of $603.00 million during the quarter, compared to analyst estimates of $606.71 million. Louisiana-Pacific had a return on equity of 4.93% and a net margin of 2.67%. The business’s revenue for the quarter was down 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS.
LPX stock opened at $29.15 on Friday. The company has a quick ratio of 2.34, a current ratio of 3.52 and a debt-to-equity ratio of 0.31. The company has a 50-day simple moving average of $26.60 and a 200 day simple moving average of $25.04. Louisiana-Pacific has a fifty-two week low of $20.39 and a fifty-two week high of $30.34. The company has a market capitalization of $3.55 billion, a P/E ratio of 10.64 and a beta of 1.44.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, November 13th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 19.71%.
A number of institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its position in Louisiana-Pacific by 422.9% in the third quarter. Tower Research Capital LLC TRC now owns 13,976 shares of the building manufacturing company’s stock worth $344,000 after acquiring an additional 11,303 shares in the last quarter. Brasada Capital Management LP acquired a new stake in Louisiana-Pacific during the 3rd quarter worth about $184,000. Bourgeon Capital Management LLC acquired a new stake in Louisiana-Pacific during the 3rd quarter worth about $25,000. First Trust Advisors LP raised its holdings in Louisiana-Pacific by 8.3% during the 3rd quarter. First Trust Advisors LP now owns 826,118 shares of the building manufacturing company’s stock worth $20,306,000 after buying an additional 62,976 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Louisiana-Pacific by 40.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 464,072 shares of the building manufacturing company’s stock worth $11,410,000 after buying an additional 132,782 shares during the period. Hedge funds and other institutional investors own 97.04% of the company’s stock.
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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