Equities research analysts expect Louisiana-Pacific Co. (NYSE:LPX) to announce $0.97 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Louisiana-Pacific’s earnings. The highest EPS estimate is $1.05 and the lowest is $0.88. Louisiana-Pacific posted earnings of $0.58 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 67.2%. The company is expected to announce its next quarterly earnings results before the market opens on Tuesday, August 7th.
According to Zacks, analysts expect that Louisiana-Pacific will report full year earnings of $3.04 per share for the current fiscal year, with EPS estimates ranging from $2.78 to $3.40. For the next financial year, analysts expect that the company will post earnings of $2.83 per share, with EPS estimates ranging from $2.42 to $3.45. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Louisiana-Pacific.
Get Louisiana-Pacific alerts:Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Monday, May 7th. The construction company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Louisiana-Pacific had a return on equity of 25.35% and a net margin of 15.13%. The firm had revenue of $691.30 million for the quarter, compared to the consensus estimate of $702.19 million. During the same period in the prior year, the business earned $0.33 EPS. Louisiana-Pacific’s quarterly revenue was up 13.1% on a year-over-year basis.
A number of equities analysts recently weighed in on LPX shares. Royal Bank of Canada reissued a “buy” rating and set a $39.00 target price on shares of Louisiana-Pacific in a research note on Tuesday, April 3rd. ValuEngine raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Wednesday, May 23rd. DA Davidson raised shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 8th. Bank of America raised shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Monday, July 16th. Finally, Zacks Investment Research raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Monday, July 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Louisiana-Pacific currently has an average rating of “Hold” and a consensus target price of $33.25.
In other Louisiana-Pacific news, Director Gary Cook sold 2,558 shares of Louisiana-Pacific stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $29.00, for a total value of $74,182.00. Following the completion of the sale, the director now directly owns 52,697 shares of the company’s stock, valued at $1,528,213. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.48% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Hartford Investment Management Co. bought a new stake in shares of Louisiana-Pacific during the second quarter worth about $345,000. James Investment Research Inc. boosted its holdings in Louisiana-Pacific by 13.2% during the second quarter. James Investment Research Inc. now owns 117,998 shares of the construction company’s stock worth $3,212,000 after purchasing an additional 13,762 shares during the last quarter. Columbus Macro LLC purchased a new position in Louisiana-Pacific during the second quarter worth about $550,000. Alpha Windward LLC boosted its holdings in Louisiana-Pacific by 11.9% during the second quarter. Alpha Windward LLC now owns 19,133 shares of the construction company’s stock worth $521,000 after purchasing an additional 2,033 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Louisiana-Pacific during the second quarter worth about $4,006,000. 91.43% of the stock is owned by institutional investors.
NYSE LPX traded down $0.98 during mid-day trading on Friday, reaching $26.73. 2,048,200 shares of the stock were exchanged, compared to its average volume of 1,438,855. Louisiana-Pacific has a one year low of $23.39 and a one year high of $31.19. The company has a market capitalization of $3.88 billion, a PE ratio of 11.47, a P/E/G ratio of 1.76 and a beta of 1.54. The company has a quick ratio of 4.53, a current ratio of 5.92 and a debt-to-equity ratio of 0.21.
About Louisiana-Pacific
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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