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

Louisiana-Pacific (NYSE:LPX) will issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.05 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. The company had revenue of $658.00 million during the quarter, compared to analyst estimates of $618.60 million. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. On average, analysts expect Louisiana-Pacific to post $5 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Louisiana-Pacific Trading Down 0.8 %

Shares of NYSE:LPX opened at $73.69 on Tuesday. The company has a 50 day moving average of $77.11 and a 200-day moving average of $68.99. The firm has a market cap of $5.33 billion, a P/E ratio of 30.08 and a beta of 1.87. Louisiana-Pacific has a twelve month low of $49.47 and a twelve month high of $84.54. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $0.26 dividend. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific’s dividend payout ratio is currently 42.45%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. TD Cowen reaffirmed a “hold” rating and issued a $75.00 price target on shares of Louisiana-Pacific in a research note on Thursday, January 11th. DA Davidson reiterated a “buy” rating and issued a $76.00 target price on shares of Louisiana-Pacific in a report on Tuesday, February 13th. TD Securities boosted their target price on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, February 15th. Loop Capital started coverage on shares of Louisiana-Pacific in a report on Friday. They issued a “hold” rating and a $82.00 target price on the stock. Finally, TheStreet downgraded shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.75.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $77.58, for a total transaction of $193,950.00. Following the sale, the director now owns 25,995 shares in the company, valued at $2,016,692.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.53% of the stock is owned by company insiders.

About Louisiana-Pacific

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.