$629.36 Million in Sales Expected for Louisiana-Pacific Co. (NYSE:LPX) This Quarter

Wall Street analysts expect Louisiana-Pacific Co. (NYSE:LPX) to announce $629.36 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Louisiana-Pacific’s earnings, with the highest sales estimate coming in at $654.71 million and the lowest estimate coming in at $604.00 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 14.6%. The company is scheduled to report its next earnings results before the market opens on Tuesday, November 5th.

According to Zacks, analysts expect that Louisiana-Pacific will report full-year sales of $2.40 billion for the current financial year, with estimates ranging from $2.33 billion to $2.47 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.65 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Louisiana-Pacific.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Tuesday, August 6th. The building manufacturing company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $641.63 million. During the same quarter last year, the company earned $1.11 EPS. Louisiana-Pacific’s revenue for the quarter was down 27.5% compared to the same quarter last year.

Several brokerages have weighed in on LPX. Longbow Research downgraded Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Wednesday, October 2nd. TD Securities cut their price target on Louisiana-Pacific from $27.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada restated a “buy” rating and set a $30.00 price target on shares of Louisiana-Pacific in a report on Thursday, August 8th. Zacks Investment Research upgraded Louisiana-Pacific from a “sell” rating to a “hold” rating and set a $27.00 price target on the stock in a report on Friday, August 2nd. Finally, ValuEngine downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $28.84.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Coastal Capital Group Inc. purchased a new position in shares of Louisiana-Pacific in the 2nd quarter valued at about $27,000. Price Wealth Management Inc. purchased a new position in shares of Louisiana-Pacific in the 2nd quarter valued at about $84,000. Prestige Wealth Management Group LLC purchased a new position in shares of Louisiana-Pacific in the 2nd quarter valued at about $113,000. TRUE Private Wealth Advisors purchased a new position in shares of Louisiana-Pacific in the 2nd quarter valued at about $166,000. Finally, Cerebellum GP LLC purchased a new position in shares of Louisiana-Pacific in the 3rd quarter valued at about $188,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Shares of NYSE LPX opened at $27.45 on Friday. The stock’s 50-day moving average is $24.55 and its two-hundred day moving average is $24.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.62 and a quick ratio of 2.34. Louisiana-Pacific has a 1-year low of $20.39 and a 1-year high of $27.80. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 10.02 and a beta of 1.42.

About Louisiana-Pacific

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.

Featured Article: What is a short straddle?

Get a free copy of the Zacks research report on Louisiana-Pacific (LPX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Louisiana-Pacific (NYSE:LPX)

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.