Lsb Industries (NYSE:LXU) Releases Quarterly Earnings Results

Key Points

• L financial results beat expectations on earnings but missed on revenue: LSB Industries reported quarterly EPS of $0.22 versus the $0.14 consensus estimate, while revenue of $158.60 million fell short of the $165.37 million forecast.
• Shares traded lower at $10.28 during Wednesday’s midday session, below their 50-day and 200-day moving averages. The stock has ranged from $8.12 to $17.22 over the past year.
• Analyst sentiment remains cautious, with one Buy rating and five Holds producing a consensus “Hold” rating and an average price target of $13.38.

Lsb Industries (NYSE:LXU - Get Free Report) announced its earnings results on Wednesday. The conglomerate reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08, FiscalAI reports. The company had revenue of $158.60 million for the quarter, compared to the consensus estimate of $165.37 million. Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%.

Lsb Industries Price Performance

LXU stock traded down $0.09 during midday trading on Wednesday, hitting $10.28. 978,469 shares of the stock were exchanged, compared to its average volume of 1,027,872. The stock's 50-day moving average price is $10.52 and its 200-day moving average price is $11.71. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.31 and a current ratio of 2.43. The stock has a market cap of $740.14 million, a price-to-earnings ratio of 20.56 and a beta of 0.44. Lsb Industries has a fifty-two week low of $8.12 and a fifty-two week high of $17.22.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LXU. Royal Bank Of Canada raised Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 price target for the company in a report on Monday, August 10th. Weiss Ratings upgraded shares of Lsb Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, October 16th. Freedom Broker began coverage on shares of Lsb Industries in a report on Tuesday. They set a "hold" rating and a $9.50 price target for the company. set a $13.00 target price on Lsb Industries and gave the stock an "outperform" rating in a research report on Monday, October 5th. Finally, Wall Street Zen lowered Lsb Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $13.38.

Lsb Industries Company Profile

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.

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