Equities research analysts forecast that Louisiana-Pacific Co. (NYSE:LPX) will report sales of $593.58 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Louisiana-Pacific’s earnings, with the lowest sales estimate coming in at $585.17 million and the highest estimate coming in at $602.00 million. Louisiana-Pacific posted sales of $691.30 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 14.1%. The business is expected to report its next earnings report before the market opens on Tuesday, May 7th.
On average, analysts expect that Louisiana-Pacific will report full year sales of $2.62 billion for the current year, with estimates ranging from $2.57 billion to $2.67 billion. For the next financial year, analysts expect that the company will report sales of $2.82 billion, with estimates ranging from $2.72 billion to $2.92 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Louisiana-Pacific.
Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, February 13th. The building manufacturing company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.07). Louisiana-Pacific had a net margin of 13.95% and a return on equity of 22.87%. The business had revenue of $589.00 million for the quarter, compared to the consensus estimate of $606.88 million. During the same quarter in the previous year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was down 17.1% on a year-over-year basis.
Several research firms have weighed in on LPX. Stephens upgraded shares of Louisiana-Pacific from an “equal weight” rating to an “overweight” rating and set a $32.00 target price for the company in a research note on Friday, April 5th. ValuEngine lowered shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Zacks Investment Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 21st. TD Securities boosted their target price on shares of Louisiana-Pacific from $25.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, February 14th. Finally, Bank of America lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and lowered their target price for the company from $29.00 to $24.00 in a research note on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $28.50.
LPX stock traded up $0.48 during trading on Friday, hitting $24.79. 1,565,216 shares of the company’s stock traded hands, compared to its average volume of 1,967,060. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.92 and a quick ratio of 3.88. Louisiana-Pacific has a 52 week low of $20.39 and a 52 week high of $32.16. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 2.68 and a beta of 1.38.
In other Louisiana-Pacific news, Director Gary Cook sold 4,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $24.76, for a total transaction of $99,040.00. Following the completion of the sale, the director now owns 52,139 shares in the company, valued at $1,290,961.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in LPX. BNP Paribas Arbitrage SA grew its stake in Louisiana-Pacific by 599.8% during the first quarter. BNP Paribas Arbitrage SA now owns 32,127 shares of the building manufacturing company’s stock worth $783,000 after purchasing an additional 27,536 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in shares of Louisiana-Pacific in the 1st quarter worth $619,000. Boston Advisors LLC increased its stake in shares of Louisiana-Pacific by 5.2% in the 1st quarter. Boston Advisors LLC now owns 128,434 shares of the building manufacturing company’s stock worth $3,131,000 after purchasing an additional 6,349 shares in the last quarter. Patten & Patten Inc. TN increased its stake in shares of Louisiana-Pacific by 12.4% in the 1st quarter. Patten & Patten Inc. TN now owns 82,555 shares of the building manufacturing company’s stock worth $2,013,000 after purchasing an additional 9,125 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Louisiana-Pacific in the 1st quarter worth $232,000. Institutional investors and hedge funds own 89.44% of the company’s stock.
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in 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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