Lsb Industries Inc. (LXU) Set to Announce Quarterly Earnings on Monday
Lsb Industries Inc. (NYSE:LXU) is set to issue its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of ($0.87) per share for the quarter.
Lsb Industries (NYSE:LXU) last issued its quarterly earnings data on Tuesday, July 25th. The conglomerate reported ($0.53) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.26). The business had revenue of $122.90 million for the quarter, compared to analyst estimates of $138.21 million. Lsb Industries had a negative return on equity of 1.11% and a net margin of 24.04%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.73) earnings per share. On average, analysts expect Lsb Industries to post $-2.68 EPS for the current fiscal year and $-0.36 EPS for the next fiscal year.
Shares of Lsb Industries Inc. (NYSE:LXU) traded up 1.16% during trading on Monday, hitting $7.82. The stock had a trading volume of 20,084 shares. Lsb Industries Inc. has a one year low of $4.52 and a one year high of $11.71. The stock has a market cap of $222.13 million, a price-to-earnings ratio of 3.77 and a beta of 4.54. The stock’s 50-day moving average price is $7.30 and its 200 day moving average price is $8.41.
A hedge fund recently raised its stake in Lsb Industries stock. The Manufacturers Life Insurance Company boosted its stake in shares of Lsb Industries Inc. (NYSE:LXU) by 12.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,703 shares of the conglomerate’s stock after purchasing an additional 2,090 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of Lsb Industries worth $194,000 as of its most recent SEC filing. Institutional investors and hedge funds own 70.18% of the company’s stock.
Separately, ValuEngine upgraded Lsb Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th.
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Lsb Industries Company Profile
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.
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