Louisiana-Pacific (LPX) Posts Earnings Results, Beats Estimates By $0.15 EPS

Louisiana-Pacific (NYSE:LPX) issued its quarterly earnings data on Tuesday. The construction company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.15, Bloomberg Earnings reports. The firm had revenue of $710.60 million during the quarter, compared to analyst estimates of $654.26 million. Louisiana-Pacific had a return on equity of 20.27% and a net margin of 11.72%. The business’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share.

Louisiana-Pacific (NYSE:LPX) opened at $28.44 on Tuesday. The company has a market capitalization of $3,976.78, a PE ratio of 14.92, a P/E/G ratio of 2.65 and a beta of 1.62. Louisiana-Pacific has a 12-month low of $22.07 and a 12-month high of $31.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.25 and a quick ratio of 4.31.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 26th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.83%.

A number of brokerages have recently weighed in on LPX. Stephens began coverage on Louisiana-Pacific in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $30.00 price objective for the company. Zacks Investment Research upgraded Louisiana-Pacific from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, October 18th. Vertical Research upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Bank of America upgraded Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada restated a “buy” rating and set a $37.00 price objective on shares of Louisiana-Pacific in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPX. Public Employees Retirement System of Ohio grew its position in Louisiana-Pacific by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock worth $140,000 after acquiring an additional 56 shares in the last quarter. Flinton Capital Management LLC grew its position in Louisiana-Pacific by 76.1% in the second quarter. Flinton Capital Management LLC now owns 7,296 shares of the construction company’s stock worth $176,000 after acquiring an additional 3,152 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in Louisiana-Pacific in the third quarter worth about $202,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Louisiana-Pacific by 43.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,172 shares of the construction company’s stock worth $215,000 after acquiring an additional 2,481 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Louisiana-Pacific in the third quarter worth about $255,000. Institutional investors own 92.31% of the company’s stock.

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About Louisiana-Pacific

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

Earnings History for Louisiana-Pacific (NYSE:LPX)

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