Louisiana-Pacific (LPX) Scheduled to Post Earnings on Wednesday

Louisiana-Pacific (NYSE:LPX) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Louisiana-Pacific to post earnings of $1.05 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.17. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $618.60 million. During the same quarter in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. 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 Price Performance

Shares of Louisiana-Pacific stock opened at $74.30 on Monday. The firm has a market cap of $5.37 billion, a P/E ratio of 30.33 and a beta of 1.87. The firm’s 50-day simple moving average is $77.05 and its 200-day simple moving average is $68.86. Louisiana-Pacific has a twelve month low of $49.47 and a twelve month high of $84.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.54 and a current ratio of 3.00.

Louisiana-Pacific Increases Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific’s dividend payout ratio is currently 42.45%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LPX. TheStreet cut shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research note on Thursday, February 29th. Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. TD Cowen restated a “hold” rating and issued a $75.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, January 11th. Loop Capital started coverage on Louisiana-Pacific in a report on Friday. They issued a “hold” rating and a $82.00 price target on the stock. Finally, DA Davidson reiterated a “buy” rating and set a $76.00 price objective on shares of Louisiana-Pacific in a report on Tuesday, February 13th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific presently has an average rating of “Hold” and an average price target of $74.75.

Insider Activity

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the completion of the sale, the director now owns 25,995 shares of the company’s stock, valued at approximately $2,016,692.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.26% of the company’s stock.

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.