Q2 2024 EPS Estimates for Louisiana-Pacific Co. Cut by Analyst (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPX) – Equities research analysts at Seaport Res Ptn reduced their Q2 2024 earnings per share (EPS) estimates for Louisiana-Pacific in a research note issued to investors on Tuesday, May 7th. Seaport Res Ptn analyst M. Weintraub now anticipates that the building manufacturing company will earn $1.65 per share for the quarter, down from their previous forecast of $1.80. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $4.89 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific’s Q3 2024 earnings at $1.02 EPS and FY2024 earnings at $4.60 EPS.

A number of other equities analysts also recently issued reports on the company. TheStreet downgraded Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. Loop Capital started coverage on shares of Louisiana-Pacific in a report on Friday, May 3rd. They set a “hold” rating and a $82.00 price target for the company. DA Davidson reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Louisiana-Pacific in a research note on Tuesday, February 13th. TD Cowen reissued a “hold” rating and set a $75.00 target price on shares of Louisiana-Pacific in a research note on Thursday, January 11th. Finally, Royal Bank of Canada boosted their target price on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $74.75.

Louisiana-Pacific Stock Up 20.8 %

Shares of LPX opened at $88.12 on Thursday. The stock’s 50-day moving average price is $77.41 and its two-hundred day moving average price is $69.26. Louisiana-Pacific has a 12 month low of $49.47 and a 12 month high of $88.16. The company has a market capitalization of $6.37 billion, a PE ratio of 35.97 and a beta of 1.87. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.17. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The firm had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $618.60 million. During the same period in the prior year, the company posted $0.61 EPS. The company’s revenue was down 6.7% on a year-over-year basis.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $0.26 dividend. The ex-dividend date was Thursday, February 22nd. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 1.18%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 42.45%.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the transaction, the director now owns 25,995 shares in the company, valued at $2,016,692.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. LifeSteps Financial Inc. acquired a new stake in shares of Louisiana-Pacific in the 1st quarter worth about $25,000. Fidelis Capital Partners LLC bought a new position in shares of Louisiana-Pacific in the first quarter valued at approximately $25,000. Whittier Trust Co. bought a new position in shares of Louisiana-Pacific in the first quarter valued at approximately $31,000. Larson Financial Group LLC purchased a new position in shares of Louisiana-Pacific during the third quarter valued at approximately $37,000. Finally, Signaturefd LLC grew its holdings in Louisiana-Pacific by 232.9% during the fourth quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock worth $56,000 after buying an additional 552 shares in the last quarter. 94.73% of the stock is owned by institutional investors.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.