Equities analysts forecast that Louisiana-Pacific (NYSE:LPX) will announce sales of $788.55 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Louisiana-Pacific’s earnings, with estimates ranging from $770.72 million to $806.38 million. Louisiana-Pacific posted sales of $694.10 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.6%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 7th.
On average, analysts expect that Louisiana-Pacific will report full-year sales of $2.94 billion for the current fiscal year, with estimates ranging from $2.90 billion to $2.98 billion. For the next financial year, analysts anticipate that the business will report sales of $3.00 billion per share, with estimates ranging from $2.99 billion to $3.00 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Louisiana-Pacific.
Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Monday, May 7th. The construction company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.08). Louisiana-Pacific had a return on equity of 25.35% and a net margin of 15.13%. The firm had revenue of $691.30 million during the quarter, compared to analyst estimates of $702.19 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year.
Several brokerages have commented on LPX. DA Davidson raised their target price on shares of Louisiana-Pacific to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. BMO Capital Markets set a $25.00 target price on shares of Louisiana-Pacific and gave the stock a “sell” rating in a report on Tuesday, February 13th. Stephens set a $32.00 target price on shares of Louisiana-Pacific and gave the stock a “hold” rating in a report on Tuesday, February 13th. Scotiabank raised their target price on shares of Louisiana-Pacific from $29.00 to $30.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. Finally, ValuEngine upgraded shares of Louisiana-Pacific from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $32.71.
Shares of Louisiana-Pacific traded up $0.11, hitting $28.63, during midday trading on Tuesday, according to MarketBeat. The stock had a trading volume of 1,476,246 shares, compared to its average volume of 1,752,059. Louisiana-Pacific has a fifty-two week low of $22.07 and a fifty-two week high of $31.19. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.95 and a beta of 1.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.92 and a quick ratio of 4.53.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 18th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, May 17th. Louisiana-Pacific’s dividend payout ratio is currently 22.32%.
In related news, Director Gary Cook sold 2,558 shares of the firm’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $29.00, for a total transaction of $74,182.00. Following the completion of the sale, the director now directly owns 52,697 shares in the company, valued at $1,528,213. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Louisiana-Pacific by 3.0% during the fourth quarter. BlackRock Inc. now owns 17,529,786 shares of the construction company’s stock worth $460,331,000 after purchasing an additional 503,239 shares during the period. Millennium Management LLC boosted its holdings in shares of Louisiana-Pacific by 78.2% during the first quarter. Millennium Management LLC now owns 5,880,551 shares of the construction company’s stock worth $169,183,000 after purchasing an additional 2,581,310 shares during the period. Dimensional Fund Advisors LP lifted its stake in Louisiana-Pacific by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,245,498 shares of the construction company’s stock valued at $122,143,000 after acquiring an additional 48,175 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Louisiana-Pacific by 9.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,734,888 shares of the construction company’s stock valued at $98,078,000 after acquiring an additional 322,381 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Louisiana-Pacific by 29.2% in the fourth quarter. Renaissance Technologies LLC now owns 3,464,000 shares of the construction company’s stock valued at $90,965,000 after acquiring an additional 783,116 shares during the last quarter. Institutional investors and hedge funds own 90.84% of the company’s stock.
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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