Louisiana-Pacific (LPX) to Release Earnings on Wednesday

Louisiana-Pacific (NYSE:LPX) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Louisiana-Pacific to post earnings of $1.05 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.17. The business had revenue of $658.00 million for the quarter, compared to analyst estimates of $618.60 million. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. On average, analysts expect Louisiana-Pacific to post $5 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Louisiana-Pacific Stock Performance

NYSE LPX opened at $73.18 on Wednesday. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 29.87 and a beta of 1.84. The firm’s 50 day simple moving average is $76.83 and its 200 day simple moving average is $68.46. Louisiana-Pacific has a 1 year low of $49.47 and a 1 year high of $84.54.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a dividend of $0.26 per share. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.04 annualized dividend and a dividend yield of 1.42%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 42.45%.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $77.58, for a total transaction of $193,950.00. Following the completion of the transaction, the director now owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. TheStreet lowered shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. TD Securities raised their target price on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, February 15th. Royal Bank of Canada raised their target price on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. TD Cowen restated a “hold” rating and issued a $75.00 target price on shares of Louisiana-Pacific in a research report on Thursday, January 11th. Finally, DA Davidson restated a “buy” rating and issued a $76.00 target price on shares of Louisiana-Pacific in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $73.71.

About Louisiana-Pacific

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.