Lsb Industries Inc. (LXU) Releases Quarterly Earnings Results, Misses Expectations By $0.26 EPS
Lsb Industries Inc. (NYSE:LXU) posted its quarterly earnings results on Tuesday. The conglomerate reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.27) by $0.26, Briefing.com reports. Lsb Industries had a net margin of 30.36% and a negative return on equity of 3.66%. The business had revenue of $122.90 million during the quarter, compared to the consensus estimate of $138.21 million. During the same quarter in the prior year, the firm posted ($0.73) EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year.
Lsb Industries (LXU) traded down 27.19% on Wednesday, hitting $7.74. 2,190,619 shares of the company traded hands. Lsb Industries has a 12 month low of $4.52 and a 12 month high of $12.84. The stock’s 50-day moving average is $10.52 and its 200 day moving average is $9.29. The firm has a market capitalization of $219.85 million, a P/E ratio of 2.70 and a beta of 4.61.
Hedge funds have recently modified their holdings of the stock. Arizona State Retirement System boosted its stake in shares of Lsb Industries by 2.9% in the first quarter. Arizona State Retirement System now owns 10,620 shares of the conglomerate’s stock valued at $100,000 after buying an additional 300 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of Lsb Industries by 6.4% in the first quarter. Thrivent Financial For Lutherans now owns 11,470 shares of the conglomerate’s stock valued at $108,000 after buying an additional 690 shares during the period. KCG Holdings Inc. purchased a new stake in shares of Lsb Industries during the first quarter valued at $125,000. Texas Permanent School Fund boosted its stake in shares of Lsb Industries by 1.0% in the first quarter. Texas Permanent School Fund now owns 14,808 shares of the conglomerate’s stock valued at $139,000 after buying an additional 150 shares during the period. Finally, State of Tennessee Treasury Department boosted its stake in shares of Lsb Industries by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 18,334 shares of the conglomerate’s stock valued at $172,000 after buying an additional 2,767 shares during the period. 69.57% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This article was first posted by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.americanbankingnews.com/2017/07/26/lsb-industries-inc-lxu-releases-quarterly-earnings-results-misses-expectations-by-0-26-eps.html.
LXU has been the subject of several recent research reports. Zacks Investment Research lowered shares of Lsb Industries from a “buy” rating to a “sell” rating in a report on Monday, April 17th. ValuEngine lowered shares of Lsb Industries from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 24th.
About Lsb Industries
LSB Industries, Inc is a holding company. The Company, through its subsidiaries, is engaged in the manufacture and sale of chemical products. The Company operates through chemical business segment. It is a manufacturer and distributor of nitrogen fertilizer and other nitrogen products in North America.
Receive News & Ratings for Lsb Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lsb Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.