Equities research analysts forecast that Louisiana-Pacific Co. (NYSE:LPX) will report $636.86 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Louisiana-Pacific’s earnings. The highest sales estimate is $654.71 million and the lowest is $619.00 million. Louisiana-Pacific posted sales of $736.80 million during the same quarter last year, which suggests a negative year-over-year growth rate of 13.6%. The firm is scheduled to announce its next earnings report on Tuesday, November 5th.
On average, analysts expect that Louisiana-Pacific will report full year sales of $2.43 billion for the current fiscal year, with estimates ranging from $2.38 billion to $2.47 billion. For the next financial year, analysts forecast that the company will report sales of $2.66 billion, with estimates ranging from $2.65 billion to $2.67 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Louisiana-Pacific.
Louisiana-Pacific (NYSE:LPX) last released its earnings results on Tuesday, August 6th. The building manufacturing company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.14). Louisiana-Pacific had a return on equity of 11.70% and a net margin of 7.41%. The firm had revenue of $588.00 million for the quarter, compared to analyst estimates of $641.63 million. During the same period last year, the firm earned $1.11 EPS. The company’s revenue for the quarter was down 27.5% compared to the same quarter last year.
Institutional investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC grew its holdings in Louisiana-Pacific by 6.2% in the 1st quarter. Cerebellum GP LLC now owns 12,704 shares of the building manufacturing company’s stock valued at $310,000 after buying an additional 743 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Louisiana-Pacific by 4.1% in the first quarter. LSV Asset Management now owns 1,220,696 shares of the building manufacturing company’s stock valued at $29,760,000 after purchasing an additional 47,552 shares in the last quarter. Coastal Capital Group Inc. purchased a new stake in shares of Louisiana-Pacific in the second quarter valued at $27,000. California Public Employees Retirement System raised its holdings in shares of Louisiana-Pacific by 6.9% during the first quarter. California Public Employees Retirement System now owns 470,319 shares of the building manufacturing company’s stock worth $11,466,000 after acquiring an additional 30,324 shares in the last quarter. Finally, Granite Investment Partners LLC raised its holdings in shares of Louisiana-Pacific by 23.6% during the first quarter. Granite Investment Partners LLC now owns 43,154 shares of the building manufacturing company’s stock worth $1,052,000 after acquiring an additional 8,234 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of LPX traded up $0.41 during trading hours on Tuesday, hitting $23.17. 38,402 shares of the stock were exchanged, compared to its average volume of 1,993,009. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.34 and a current ratio of 3.62. Louisiana-Pacific has a 12-month low of $20.39 and a 12-month high of $32.16. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 8.42 and a beta of 1.41. The stock’s 50-day moving average price is $25.43 and its two-hundred day moving average price is $24.88.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Friday, August 16th. Louisiana-Pacific’s payout ratio is 19.71%.
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 structure markets. It also markets and sells products for use in 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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