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%.
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.
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.
Read More: Short Selling
Receive News & Ratings for Louisiana-Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific and related companies with MarketBeat.com's FREE daily email newsletter.