Analysts Set Expectations for Louisiana-Pacific Co.’s Q4 2019 Earnings (LPX)

Louisiana-Pacific Co. (NYSE:LPX) – Research analysts at DA Davidson cut their Q4 2019 earnings estimates for Louisiana-Pacific in a note issued to investors on Wednesday, February 13th. DA Davidson analyst S. Chercover now expects that the construction company will post earnings per share of $0.40 for the quarter, down from their previous estimate of $0.49. DA Davidson also issued estimates for Louisiana-Pacific’s FY2020 earnings at $1.90 EPS.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, February 13th. The construction company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.07). The business had revenue of $589.00 million during the quarter, compared to analyst estimates of $606.88 million. Louisiana-Pacific had a net margin of 13.95% and a return on equity of 22.87%. The company’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 EPS.

A number of other equities research analysts also recently weighed in on LPX. BMO Capital Markets raised Louisiana-Pacific from an “underperform” rating to a “market perform” rating and reduced their target price for the company from $27.00 to $24.00 in a report on Monday, October 22nd. They noted that the move was a valuation call. Seaport Global Securities initiated coverage on Louisiana-Pacific in a report on Tuesday, October 23rd. They issued a “buy” rating and a $31.00 target price on the stock. ValuEngine raised Louisiana-Pacific from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Bank of America downgraded Louisiana-Pacific from a “buy” rating to a “neutral” rating and reduced their target price for the company from $29.00 to $24.00 in a report on Wednesday, January 2nd. Finally, Zacks Investment Research downgraded Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $29.67.

Shares of LPX stock opened at $26.79 on Friday. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 2.87 and a beta of 1.40. Louisiana-Pacific has a fifty-two week low of $20.39 and a fifty-two week high of $32.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.91 and a current ratio of 4.92.

Several institutional investors and hedge funds have recently made changes to their positions in LPX. Raymond James & Associates lifted its stake in shares of Louisiana-Pacific by 178.8% in the 2nd quarter. Raymond James & Associates now owns 37,386 shares of the construction company’s stock valued at $1,018,000 after acquiring an additional 23,976 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Louisiana-Pacific in the 2nd quarter valued at $446,000. Bank of New York Mellon Corp lifted its stake in shares of Louisiana-Pacific by 7.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,518,427 shares of the construction company’s stock valued at $122,991,000 after acquiring an additional 321,522 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Louisiana-Pacific by 12.3% in the 3rd quarter. Bank of Montreal Can now owns 455,122 shares of the construction company’s stock valued at $12,057,000 after acquiring an additional 49,950 shares during the last quarter. Finally, First Hawaiian Bank bought a new position in shares of Louisiana-Pacific in the 3rd quarter valued at $165,000. Institutional investors own 93.51% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 26th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.02%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Monday, February 25th. Louisiana-Pacific’s dividend payout ratio is presently 18.98%.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

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