Lsb Industries (NYSE:LXU) Issues Earnings Results

Key Points

• Lsb Industries reported $0.04 earnings per share (EPS) in its latest quarterly earnings, falling short of analysts' expectations by $0.20.
• Shares of Lsb Industries traded up to $8.68, with a market capitalization of $623.54 million and a debt-to-equity ratio of 0.97.
• UBS Group downgraded Lsb Industries from a "buy" to a "neutral" rating, setting a target price of $9.25 per share.

Lsb Industries (NYSE:LXU - Get Free Report) issued its quarterly earnings data on Tuesday. The conglomerate reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14), Zacks reports. Lsb Industries had a positive return on equity of 0.97% and a negative net margin of 5.04%. The company had revenue of $151.30 million during the quarter, compared to the consensus estimate of $156.76 million.

Lsb Industries Price Performance

Shares of NYSE LXU opened at $8.68 on Wednesday. The company has a 50 day simple moving average of $8.09 and a two-hundred day simple moving average of $7.45. Lsb Industries has a fifty-two week low of $4.88 and a fifty-two week high of $10.40. The company has a market capitalization of $623.56 million, a price-to-earnings ratio of -23.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.29 and a current ratio of 2.51.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LXU. Wall Street Zen raised shares of Lsb Industries from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st. UBS Group downgraded Lsb Industries from a "buy" rating to a "neutral" rating and set a $9.25 price objective for the company. in a report on Wednesday, July 23rd.

Institutional Trading of Lsb Industries

An institutional investor recently raised its position in Lsb Industries stock. Royal Bank of Canada lifted its position in Lsb Industries Inc. (NYSE:LXU - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,916 shares of the conglomerate's stock after buying an additional 2,692 shares during the period. Royal Bank of Canada owned about 0.05% of Lsb Industries worth $257,000 as of its most recent SEC filing. Institutional investors own 73.67% of the company's stock.

Lsb Industries Company Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.