LSB Industries (LXU) Scheduled to Post Earnings on Monday

LSB Industries (NYSE:LXU) is scheduled to be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect LSB Industries to post earnings of $0.10 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

LSB Industries (NYSE:LXU) last released its earnings results on Tuesday, March 5th. The conglomerate reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). The business had revenue of $132.61 million during the quarter, compared to analysts’ expectations of $127.62 million. LSB Industries had a return on equity of 4.91% and a net margin of 4.70%. On average, analysts expect LSB Industries to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

LSB Industries Stock Up 1.1 %

NYSE:LXU opened at $8.05 on Monday. The firm’s 50-day moving average price is $7.92 and its 200-day moving average price is $8.47. The company has a market capitalization of $587.65 million, a PE ratio of 21.76 and a beta of 1.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.68 and a quick ratio of 3.45. LSB Industries has a 1-year low of $6.74 and a 1-year high of $11.69.

Insider Activity at LSB Industries

In related news, EVP John Burns sold 33,243 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $8.25, for a total value of $274,254.75. Following the transaction, the executive vice president now owns 164,529 shares of the company’s stock, valued at $1,357,364.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LSB Industries

Several large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its stake in shares of LSB Industries by 0.3% during the second quarter. Goldman Sachs Group Inc. now owns 403,904 shares of the conglomerate’s stock valued at $3,978,000 after purchasing an additional 1,208 shares during the period. Alliancebernstein L.P. boosted its position in LSB Industries by 3.0% in the second quarter. Alliancebernstein L.P. now owns 75,589 shares of the conglomerate’s stock valued at $745,000 after buying an additional 2,189 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in LSB Industries in the fourth quarter valued at approximately $32,000. Metropolitan Life Insurance Co NY boosted its position in LSB Industries by 136.3% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 4,575 shares of the conglomerate’s stock valued at $61,000 after buying an additional 2,639 shares during the last quarter. Finally, Credit Suisse AG boosted its position in LSB Industries by 12.4% in the 3rd quarter. Credit Suisse AG now owns 24,200 shares of the conglomerate’s stock worth $344,000 after purchasing an additional 2,678 shares in the last quarter. Institutional investors own 73.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group dropped their price target on shares of LSB Industries from $9.00 to $7.75 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Piper Sandler downgraded shares of LSB Industries from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $11.50 to $8.00 in a research report on Thursday, February 29th.

About LSB Industries

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.