Louisiana-Pacific (NYSE:LPX) Posts Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Louisiana-Pacific (NYSE:LPX) released its quarterly earnings data on Wednesday. The building manufacturing company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.24, Zacks reports. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. During the same period last year, the business posted $0.71 EPS. Louisiana-Pacific’s quarterly revenue was up 3.5% on a year-over-year basis.

Louisiana-Pacific Trading Down 0.5 %

NYSE:LPX opened at $100.98 on Friday. The business’s 50-day moving average is $110.52 and its two-hundred day moving average is $106.44. The firm has a market capitalization of $7.09 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.23 and a beta of 1.95. Louisiana-Pacific has a 12 month low of $66.77 and a 12 month high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be issued a $0.28 dividend. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio is currently 17.69%.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now directly owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. BMO Capital Markets upped their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. DA Davidson dropped their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday. The Goldman Sachs Group lifted their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, Truist Financial upped their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $108.00.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.