Lsb Industries (NYSE:LXU) Releases Earnings Results, Beats Estimates By $0.08 EPS

Lsb Industries (NYSE:LXU) issued its earnings results on Wednesday. The conglomerate reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08, FiscalAI reports. The business had revenue of $158.60 million during the quarter, compared to analyst estimates of $160.18 million. Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%.

Lsb Industries Stock Up 9.5%

Shares of NYSE LXU traded up $0.98 during midday trading on Thursday, hitting $11.27. The company’s stock had a trading volume of 706,156 shares, compared to its average volume of 1,026,066. The firm has a market capitalization of $811.42 million, a price-to-earnings ratio of 22.56 and a beta of 0.44. The business’s fifty day simple moving average is $10.52 and its two-hundred day simple moving average is $11.72. Lsb Industries has a 1 year low of $8.12 and a 1 year high of $17.22. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.43 and a quick ratio of 2.31.

Analyst Ratings Changes

A number of research firms recently weighed in on LXU. Weiss Ratings upgraded shares of Lsb Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 16th. Freedom Broker started coverage on shares of Lsb Industries in a report on Tuesday. They issued a “hold” rating and a $9.50 price target on the stock. set a $13.00 price target on Lsb Industries and gave the stock an “outperform” rating in a research report on Monday, October 5th. Wall Street Zen cut Lsb Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Royal Bank Of Canada upgraded shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research note on Monday, August 10th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.38.

Lsb Industries Company Profile

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.