Louisiana-Pacific (NYSE:LPX) Posts Earnings Results, Beats Estimates By $0.18 EPS

Louisiana-Pacific (NYSE:LPX) issued its quarterly earnings results on Tuesday. The building manufacturing company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.18, Zacks reports. The company had revenue of $691.00 million for the quarter, compared to the consensus estimate of $671.27 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS.

Louisiana-Pacific Trading Down 0.8%

LPX stock traded down $0.57 during trading on Tuesday, hitting $75.01. 274,589 shares of the company traded hands, compared to its average volume of 1,149,206. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 3.22. Louisiana-Pacific has a 1 year low of $62.18 and a 1 year high of $100.34. The company has a 50-day moving average of $68.52 and a 200-day moving average of $75.34. The firm has a market capitalization of $5.24 billion, a PE ratio of 94.95, a P/E/G ratio of 5.45 and a beta of 1.63.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings raised shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. Wolfe Research started coverage on shares of Louisiana-Pacific in a research report on Thursday, September 10th. They set an “outperform” rating and a $90.00 target price for the company. Truist Financial decreased their price target on shares of Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Royal Bank Of Canada lowered their price target on shares of Louisiana-Pacific from $92.00 to $84.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Finally, The Goldman Sachs Group reduced their price objective on Louisiana-Pacific from $74.00 to $64.00 and set a “sell” rating for the company in a report on Monday, October 12th. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.25.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.