LSB Industries Inc. (LXU) Forecasted to Post Q3 2016 Earnings of ($0.81) Per Share
LSB Industries Inc. (NYSE:LXU) – Equities researchers at Feltl & Co. lowered their Q3 2016 EPS estimates for LSB Industries in a research note issued to investors on Thursday. Feltl & Co. analyst B. Rystrom now forecasts that the firm will post earnings per share of ($0.81) for the quarter, down from their previous estimate of ($0.60). Feltl & Co. also issued estimates for LSB Industries’ Q4 2016 earnings at ($0.60) EPS, FY2016 earnings at ($2.65) EPS, Q1 2017 earnings at ($0.09) EPS, Q2 2017 earnings at ($0.05) EPS, Q3 2017 earnings at ($0.34) EPS, Q4 2017 earnings at ($0.16) EPS and FY2017 earnings at ($0.64) EPS.
LSB Industries (NYSE:LXU) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.37) by $0.36. The firm had revenue of $109.98 million for the quarter, compared to analyst estimates of $167.65 million. LSB Industries had a negative return on equity of 8.23% and a negative net margin of 7.06%. The company’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period last year, the firm earned $0.02 EPS.
Separately, Zacks Investment Research lowered LSB Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th.
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LSB Industries (NYSE:LXU) opened at 6.75 on Monday. The firm’s market cap is $188.56 million. LSB Industries has a 52-week low of $3.68 and a 52-week high of $18.10. The firm’s 50-day moving average price is $9.75 and its 200 day moving average price is $11.89.
Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors L.L.C. bought a new stake in LSB Industries during the first quarter worth about $342,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in LSB Industries during the first quarter worth about $196,000. Prudential Financial Inc. raised its stake in LSB Industries by 7.6% in the first quarter. Prudential Financial Inc. now owns 48,358 shares of the company’s stock worth $617,000 after buying an additional 3,400 shares during the period. JPMorgan Chase & Co. raised its stake in LSB Industries by 1,340.7% in the first quarter. JPMorgan Chase & Co. now owns 61,635 shares of the company’s stock worth $786,000 after buying an additional 57,357 shares during the period. Finally, UBS Group AG raised its stake in LSB Industries by 3.9% in the first quarter. UBS Group AG now owns 64,542 shares of the company’s stock worth $823,000 after buying an additional 2,395 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.
About LSB Industries
LSB Industries, Inc is a diversified holding company engaged in manufacturing operations through its subsidiaries. The Company’s segments are Chemical Business, Climate Control Business and Other. Its Chemical Business segment manufactures and sells nitrogen-based chemical products for the agricultural, industrial and mining markets.
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