Louisiana-Pacific (NYSE:LPX) Posts Earnings Results, Beats Expectations By $0.40 EPS

Louisiana-Pacific (NYSE:LPX) issued its earnings results on Wednesday. The building manufacturing company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.40, Briefing.com reports. The business had revenue of $724.00 million for the quarter, compared to analyst estimates of $686.84 million. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The business’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS.

Louisiana-Pacific Stock Performance

NYSE:LPX traded down $2.64 during mid-day trading on Thursday, hitting $85.50. The stock had a trading volume of 1,456,116 shares, compared to its average volume of 919,060. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 35.00 and a beta of 1.87. The company has a 50 day simple moving average of $77.41 and a 200-day simple moving average of $69.26. Louisiana-Pacific has a 52 week low of $49.47 and a 52 week high of $88.40. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 1.22%. Louisiana-Pacific’s payout ratio is 42.45%.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $77.58, for a total value of $193,950.00. Following the sale, the director now directly owns 25,995 shares in the company, valued at approximately $2,016,692.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LPX shares. BMO Capital Markets lifted their target price on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday. TD Cowen restated a “hold” rating and issued a $75.00 price target on shares of Louisiana-Pacific in a report on Thursday, January 11th. TD Securities increased their price objective on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday. Loop Capital started coverage on shares of Louisiana-Pacific in a research note on Friday, May 3rd. They issued a “hold” rating and a $82.00 target price for the company. Finally, TheStreet downgraded shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research note on Thursday, February 29th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $81.44.

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.