Lsb Industries Inc. (LXU) Issues Quarterly Earnings Results, Beats Estimates By $0.12 EPS
Lsb Industries Inc. (NYSE:LXU) posted its quarterly earnings results on Monday. The conglomerate reported ($0.91) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.03) by $0.12, Bloomberg Earnings reports. The company had revenue of $92.40 million for the quarter, compared to the consensus estimate of $100.49 million. Lsb Industries had a net margin of 24.04% and a negative return on equity of 1.11%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($2.12) EPS.
Lsb Industries (LXU) traded down 4.58% on Monday, reaching $7.09. 342,257 shares of the company traded hands. Lsb Industries has a 1-year low of $4.52 and a 1-year high of $11.71. The stock has a 50 day moving average of $7.51 and a 200-day moving average of $8.37. The stock has a market capitalization of $201.39 million, a price-to-earnings ratio of 3.42 and a beta of 4.54.
Separately, ValuEngine raised shares of Lsb Industries from a “strong sell” rating to a “sell” rating in a research note on Friday, September 8th.
A hedge fund recently raised its stake in Lsb Industries stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Lsb Industries Inc. (NYSE:LXU) by 12.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,703 shares of the conglomerate’s stock after buying an additional 2,090 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Lsb Industries worth $194,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 67.46% of the company’s stock.
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.