Louisiana-Pacific (NYSE:LPX) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Louisiana-Pacific (NYSE:LPX) posted its quarterly earnings data on Tuesday. The building manufacturing company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.18, Zacks reports. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The business had revenue of $691.00 million during the quarter, compared to analysts’ expectations of $671.27 million. During the same period last year, the firm posted $0.36 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis.

Louisiana-Pacific Price Performance

Shares of LPX traded down $1.40 during mid-day trading on Tuesday, hitting $74.18. The company’s stock had a trading volume of 364,322 shares, compared to its average volume of 1,150,074. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.67. The firm has a 50-day moving average price of $68.52 and a 200 day moving average price of $75.34. Louisiana-Pacific has a fifty-two week low of $62.18 and a fifty-two week high of $100.34. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 93.87, a PEG ratio of 5.45 and a beta of 1.63.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group cut their target price on Louisiana-Pacific from $74.00 to $64.00 and set a “sell” rating for the company in a research report on Monday, October 12th. TD lifted their price target on Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Wolfe Research began coverage on Louisiana-Pacific in a research report on Thursday, September 10th. They set an “outperform” rating and a $90.00 price target on the stock. Royal Bank Of Canada dropped their price objective on Louisiana-Pacific from $92.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Finally, Truist Financial cut their price objective on Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.