Louisiana-Pacific (NYSE:LPX) Announces Quarterly Earnings Results


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Louisiana-Pacific (NYSE:LPX) posted its earnings results on Monday. The building manufacturing company reported $3.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.31, MarketWatch Earnings reports. Louisiana-Pacific had a return on equity of 26.04% and a net margin of 7.79%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $915.98 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. Louisiana-Pacific’s revenue was up 73.8% on a year-over-year basis.

Shares of NYSE:LPX opened at $72.10 on Wednesday. The firm has a 50 day simple moving average of $60.70 and a 200-day simple moving average of $43.97. Louisiana-Pacific has a twelve month low of $17.99 and a twelve month high of $72.28. The company has a current ratio of 3.70, a quick ratio of 2.73 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $7.68 billion, a PE ratio of 42.16 and a beta of 1.82.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Monday, May 17th will be paid a $0.16 dividend. The ex-dividend date is Friday, May 14th. This represents a $0.64 annualized dividend and a yield of 0.89%. Louisiana-Pacific’s dividend payout ratio is currently 172.97%.

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 1st. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the sale, the director now directly owns 25,371 shares of the company’s stock, valued at approximately $1,268,550. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael Sims sold 12,824 shares of the stock in a transaction that occurred on Thursday, February 25th. The stock was sold at an average price of $48.50, for a total value of $621,964.00. Following the sale, the senior vice president now directly owns 83,523 shares of the company’s stock, valued at $4,050,865.50. The disclosure for this sale can be found here. Insiders sold a total of 17,923 shares of company stock worth $876,686 over the last ninety days. Insiders own 0.40% of the company’s stock.

LPX has been the topic of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Louisiana-Pacific from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, February 17th. DA Davidson raised their price target on shares of Louisiana-Pacific from $40.00 to $50.00 in a report on Friday, January 22nd. BMO Capital Markets boosted their price objective on shares of Louisiana-Pacific from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Tuesday, March 16th. Stephens upgraded Louisiana-Pacific from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, February 17th. Finally, Zacks Investment Research downgraded shares of Louisiana-Pacific from a “strong-buy” rating to a “hold” rating and set a $57.00 price objective on the stock. in a report on Tuesday, March 30th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Louisiana-Pacific has a consensus rating of “Buy” and a consensus target price of $44.75.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.

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Earnings History for Louisiana-Pacific (NYSE:LPX)

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