Louisiana-Pacific Co. (NYSE:LPX) Expected to Announce Earnings of $0.32 Per Share

Equities research analysts forecast that Louisiana-Pacific Co. (NYSE:LPX) will post $0.32 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Louisiana-Pacific’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.23. Louisiana-Pacific posted earnings per share of $1.08 in the same quarter last year, which would suggest a negative year over year growth rate of 70.4%. The company is expected to announce its next quarterly earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that Louisiana-Pacific will report full-year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.04 to $1.85. For the next year, analysts anticipate that the firm will report earnings of $2.43 per share, with EPS estimates ranging from $1.56 to $2.90. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Louisiana-Pacific.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Tuesday, May 7th. The building manufacturing company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). The company had revenue of $582.00 million during the quarter, compared to analysts’ expectations of $601.49 million. Louisiana-Pacific had a net margin of 12.16% and a return on equity of 19.63%. Louisiana-Pacific’s revenue for the quarter was down 15.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share.

Several equities research analysts recently issued reports on LPX shares. ValuEngine lowered Louisiana-Pacific from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Stephens raised Louisiana-Pacific from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective for the company in a research note on Friday, April 5th. Bank of America raised Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $24.75 price objective for the company in a research note on Tuesday, April 30th. Zacks Investment Research raised Louisiana-Pacific from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Finally, TD Securities dropped their price objective on Louisiana-Pacific from $27.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $29.25.

A number of large investors have recently bought and sold shares of LPX. Vanguard Group Inc boosted its stake in Louisiana-Pacific by 0.5% during the third quarter. Vanguard Group Inc now owns 16,716,528 shares of the building manufacturing company’s stock valued at $442,821,000 after buying an additional 79,358 shares during the period. Canada Pension Plan Investment Board lifted its stake in Louisiana-Pacific by 12.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 216,600 shares of the building manufacturing company’s stock worth $4,813,000 after purchasing an additional 23,700 shares during the last quarter. Comerica Bank lifted its stake in Louisiana-Pacific by 0.8% during the fourth quarter. Comerica Bank now owns 91,608 shares of the building manufacturing company’s stock worth $2,206,000 after purchasing an additional 770 shares during the last quarter. Toronto Dominion Bank lifted its stake in Louisiana-Pacific by 28.5% during the fourth quarter. Toronto Dominion Bank now owns 2,570 shares of the building manufacturing company’s stock worth $57,000 after purchasing an additional 570 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Louisiana-Pacific by 0.4% during the fourth quarter. California Public Employees Retirement System now owns 439,995 shares of the building manufacturing company’s stock worth $9,777,000 after purchasing an additional 1,688 shares during the last quarter. 89.45% of the stock is owned by institutional investors.

Shares of NYSE LPX opened at $26.22 on Wednesday. The stock has a market capitalization of $3.24 billion, a PE ratio of 9.57, a PEG ratio of 3.37 and a beta of 1.40. Louisiana-Pacific has a fifty-two week low of $20.39 and a fifty-two week high of $32.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.25 and a current ratio of 3.55. The company has a fifty day moving average of $24.26.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 21st were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 2.06%. The ex-dividend date was Monday, May 20th. Louisiana-Pacific’s dividend payout ratio is 19.71%.

Louisiana-Pacific Company Profile

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.

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

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