Louisiana-Pacific Co. (NYSE:LPX) – Stock analysts at Seaport Global Securities decreased their Q4 2019 earnings per share (EPS) estimates for shares of Louisiana-Pacific in a report released on Thursday, May 30th, Zacks Investment Research reports. Seaport Global Securities analyst M. Weintraub now anticipates that the building manufacturing company will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.58. Seaport Global Securities also issued estimates for Louisiana-Pacific’s Q1 2020 earnings at $0.54 EPS, Q2 2020 earnings at $0.81 EPS, Q3 2020 earnings at $0.92 EPS and Q4 2020 earnings at $0.64 EPS.
Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Tuesday, May 7th. The building manufacturing company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). The company had revenue of $582.00 million during the quarter, compared to the consensus estimate of $601.49 million. Louisiana-Pacific had a return on equity of 19.63% and a net margin of 12.16%. The firm’s revenue for the quarter was down 15.8% on a year-over-year basis. During the same quarter last year, the company posted $0.63 earnings per share.
Other research analysts have also recently issued reports about the stock. BMO Capital Markets upgraded shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $26.00 to $28.00 in a research report on Friday, June 14th. Longbow Research upgraded shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Monday, May 20th. Bank of America upgraded shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $24.75 price target on the stock in a research report on Tuesday, April 30th. Zacks Investment Research upgraded shares of Louisiana-Pacific from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Finally, ValuEngine upgraded shares of Louisiana-Pacific from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Louisiana-Pacific has an average rating of “Buy” and a consensus price target of $29.25.
Shares of LPX stock traded down $0.01 during trading on Monday, hitting $25.64. The company had a trading volume of 1,412,334 shares, compared to its average volume of 2,140,161. The company has a quick ratio of 2.25, a current ratio of 3.55 and a debt-to-equity ratio of 0.28. The business’s 50-day simple moving average is $24.18. The firm has a market cap of $3.17 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 3.36 and a beta of 1.40. Louisiana-Pacific has a 52 week low of $20.39 and a 52 week high of $32.16.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc increased its position in shares of Louisiana-Pacific by 0.5% during the third quarter. Vanguard Group Inc now owns 16,716,528 shares of the building manufacturing company’s stock valued at $442,821,000 after buying an additional 79,358 shares during the period. Strs Ohio increased its holdings in Louisiana-Pacific by 2.0% in the 4th quarter. Strs Ohio now owns 62,200 shares of the building manufacturing company’s stock worth $1,382,000 after buying an additional 1,200 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in Louisiana-Pacific by 16.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 20,626 shares of the building manufacturing company’s stock worth $458,000 after buying an additional 2,971 shares in the last quarter. Rhumbline Advisers increased its holdings in Louisiana-Pacific by 48.7% in the 4th quarter. Rhumbline Advisers now owns 472,125 shares of the building manufacturing company’s stock worth $10,491,000 after buying an additional 154,565 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in Louisiana-Pacific by 22.7% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 164,400 shares of the building manufacturing company’s stock worth $3,653,000 after buying an additional 30,465 shares in the last quarter. Institutional investors and hedge funds own 89.45% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 21st were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Monday, May 20th. Louisiana-Pacific’s payout ratio is currently 19.71%.
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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