Wall Street brokerages forecast that Louisiana-Pacific Co. (NYSE:LPX) will report earnings of $0.33 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Louisiana-Pacific’s earnings. The lowest EPS estimate is $0.31 and the highest is $0.37. Louisiana-Pacific posted earnings of $0.73 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 54.8%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 12th.
On average, analysts expect that Louisiana-Pacific will report full-year earnings of $2.90 per share for the current year, with EPS estimates ranging from $2.85 to $2.92. For the next year, analysts expect that the business will post earnings of $2.27 per share, with EPS estimates ranging from $2.00 to $2.65. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Louisiana-Pacific.
Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. The business had revenue of $736.80 million during the quarter, compared to analyst estimates of $724.92 million. Louisiana-Pacific had a return on equity of 27.84% and a net margin of 17.23%. Louisiana-Pacific’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 EPS.
A number of research firms recently commented on LPX. ValuEngine lowered Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Longbow Research reissued a “hold” rating on shares of Louisiana-Pacific in a research report on Tuesday, October 9th. Seaport Global Securities started coverage on Louisiana-Pacific in a research report on Tuesday, October 23rd. They issued a “buy” rating and a $31.00 price target for the company. Finally, BMO Capital Markets raised Louisiana-Pacific from an “underperform” rating to a “market perform” rating and decreased their target price for the company from $27.00 to $24.00 in a research report on Monday, October 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.13.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Louisiana-Pacific by 6.5% during the 2nd quarter. BlackRock Inc. now owns 18,429,014 shares of the construction company’s stock valued at $501,638,000 after purchasing an additional 1,122,642 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Louisiana-Pacific by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 16,716,528 shares of the construction company’s stock valued at $442,821,000 after purchasing an additional 79,358 shares during the last quarter. Vanguard Group Inc increased its position in shares of Louisiana-Pacific by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 16,716,528 shares of the construction company’s stock valued at $442,821,000 after purchasing an additional 79,358 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Louisiana-Pacific by 7.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,617,650 shares of the construction company’s stock worth $122,325,000 after acquiring an additional 332,608 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Louisiana-Pacific by 7.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,518,427 shares of the construction company’s stock worth $122,991,000 after acquiring an additional 321,522 shares during the last quarter. 93.53% of the stock is owned by hedge funds and other institutional investors.
NYSE LPX opened at $21.88 on Tuesday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 6.58, a P/E/G ratio of 1.49 and a beta of 1.65. Louisiana-Pacific has a 12 month low of $20.39 and a 12 month high of $32.16. The company has a quick ratio of 4.91, a current ratio of 6.13 and a debt-to-equity ratio of 0.19.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Thursday, November 15th. Louisiana-Pacific’s dividend payout ratio is presently 22.32%.
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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