Louisiana-Pacific Co. Forecasted to Post Q2 2024 Earnings of $2.07 Per Share (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPX) – DA Davidson issued their Q2 2024 earnings per share estimates for Louisiana-Pacific in a report released on Thursday, May 9th. DA Davidson analyst K. Yinger anticipates that the building manufacturing company will post earnings per share of $2.07 for the quarter. DA Davidson currently has a “Buy” rating and a $98.00 target price on the stock. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $4.89 per share. DA Davidson also issued estimates for Louisiana-Pacific’s FY2024 earnings at $5.74 EPS.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The business had revenue of $724.00 million during the quarter, compared to analyst estimates of $686.84 million. During the same quarter last year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year.

LPX has been the topic of a number of other research reports. Royal Bank of Canada increased their target price on Louisiana-Pacific from $88.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday. TheStreet downgraded Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. StockNews.com raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday. Loop Capital began coverage on Louisiana-Pacific in a report on Friday, May 3rd. They issued a “hold” rating and a $82.00 price target on the stock. Finally, TD Securities raised their price target on Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $83.89.

Louisiana-Pacific Trading Down 1.3 %

NYSE:LPX opened at $86.96 on Friday. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $77.67 and its two-hundred day moving average is $69.39. Louisiana-Pacific has a 52 week low of $49.47 and a 52 week high of $88.40. The company has a market cap of $6.29 billion, a PE ratio of 35.49 and a beta of 1.87.

Institutional Trading of Louisiana-Pacific

Hedge funds have recently added to or reduced their stakes in the business. Capula Management Ltd bought a new stake in Louisiana-Pacific during the 3rd quarter valued at $485,000. Arlington Trust Co LLC acquired a new position in shares of Louisiana-Pacific during the 4th quarter valued at $1,062,000. First Eagle Investment Management LLC increased its position in shares of Louisiana-Pacific by 35.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 195,718 shares of the building manufacturing company’s stock valued at $10,817,000 after purchasing an additional 51,461 shares during the period. Caxton Associates LP increased its position in shares of Louisiana-Pacific by 222.1% during the 3rd quarter. Caxton Associates LP now owns 14,656 shares of the building manufacturing company’s stock valued at $810,000 after purchasing an additional 10,106 shares during the period. Finally, Teza Capital Management LLC acquired a new position in shares of Louisiana-Pacific during the 3rd quarter valued at $288,000. Institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.53% of the stock is owned by company insiders.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, May 21st. Louisiana-Pacific’s payout ratio is currently 42.45%.

Louisiana-Pacific Company Profile

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.