Louisiana-Pacific (NYSE:LPX) Announces Earnings Results

Louisiana-Pacific (NYSE:LPX) released its quarterly earnings data on Tuesday. The building manufacturing company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.18, Zacks reports. The firm 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 business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX traded down $0.57 during midday trading on Tuesday, reaching $75.01. The company’s stock had a trading volume of 274,589 shares, compared to its average volume of 1,149,206. Louisiana-Pacific has a 12-month low of $62.18 and a 12-month high of $100.34. The firm has a 50 day moving average price of $68.52 and a 200-day moving average price of $75.34. The stock has a market capitalization of $5.24 billion, a P/E ratio of 94.95, a PEG ratio of 5.45 and a beta of 1.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.67.

Analyst Ratings Changes

LPX has been the subject of several recent research reports. Bank of America decreased their target price on shares of Louisiana-Pacific from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, October 14th. DA Davidson reiterated a “buy” rating and set a $99.00 price target on shares of Louisiana-Pacific in a research note on Wednesday, September 2nd. Royal Bank Of Canada decreased their price objective on Louisiana-Pacific from $92.00 to $84.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Barclays lowered their price objective on Louisiana-Pacific from $92.00 to $88.00 and set an “overweight” rating for the company in a research note on Tuesday, October 6th. Finally, Zacks Research upgraded Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Eleven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Louisiana-Pacific 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.