Brokerages Anticipate LSB Industries Inc. (LXU) to Announce ($0.81) EPS
LSB Industries Inc. (NYSE:LXU) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus target price of $15.13 for the company and are anticipating that the company will post ($0.81) EPS for the current quarter, according to Zacks. Zacks has also given LSB Industries an industry rank of 191 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded LSB Industries from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wilen Investment Management CORP. acquired a new position in shares of LSB Industries during the second quarter worth about $115,000. Royal Bank of Canada increased its position in LSB Industries by 5.9% in the first quarter. Royal Bank of Canada now owns 9,282 shares of the company’s stock valued at $118,000 after buying an additional 518 shares in the last quarter. Arizona State Retirement System increased its position in LSB Industries by 2.9% in the second quarter. Arizona State Retirement System now owns 10,620 shares of the company’s stock valued at $128,000 after buying an additional 300 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in LSB Industries during the second quarter valued at approximately $178,000. Finally, American International Group Inc. increased its position in LSB Industries by 1.5% in the second quarter. American International Group Inc. now owns 15,336 shares of the company’s stock valued at $185,000 after buying an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.
Shares of LSB Industries (NYSE:LXU) traded down 8.23% on Wednesday, reaching $6.02. 569,448 shares of the company’s stock traded hands. The stock has a 50-day moving average of $9.46 and a 200 day moving average of $11.80. The firm’s market cap is $168.17 million. LSB Industries has a 12-month low of $3.68 and a 12-month high of $17.91.
LSB Industries (NYSE:LXU) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.73) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by $0.36. LSB Industries had a negative return on equity of 8.23% and a negative net margin of 7.06%. The company earned $109.98 million during the quarter, compared to analysts’ expectations of $167.65 million. During the same quarter in the prior year, the company posted $0.02 EPS. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, equities research analysts expect that LSB Industries will post ($3.16) earnings per share for the current year.
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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