Louisiana-Pacific (NYSE:LPX) Announces Quarterly Earnings Results

Louisiana-Pacific (NYSE:LPX - Get Free Report) posted its earnings results on Wednesday. The building manufacturing company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.40, Briefing.com reports. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The business had revenue of $724.00 million for the quarter, compared to analysts' expectations of $686.84 million. During the same period in the previous year, the company posted $0.34 earnings per share. The business's revenue for the quarter was up 24.0% compared to the same quarter last year.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock traded down $1.17 on Thursday, reaching $86.97. 2,509,718 shares of the company were exchanged, compared to its average volume of 931,555. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.54 and a current ratio of 3.00. The company's 50-day moving average is $77.41 and its two-hundred day moving average is $69.26. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 35.10 and a beta of 1.87. Louisiana-Pacific has a 1-year low of $49.47 and a 1-year high of $88.40.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, May 21st. Louisiana-Pacific's payout ratio is 42.45%.

Analysts Set New Price Targets

Several analysts have recently weighed in on LPX shares. Loop Capital began coverage on Louisiana-Pacific in a research note on Friday, May 3rd. They set a "hold" rating and a $82.00 target price for the company. TD Securities increased their price target on Louisiana-Pacific from $87.00 to $90.00 and gave the company a "hold" rating in a report on Thursday. Royal Bank of Canada increased their price target on Louisiana-Pacific from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday. TheStreet downgraded Louisiana-Pacific from a "b-" rating to a "c+" rating in a report on Thursday, February 29th. Finally, BMO Capital Markets increased their price target on Louisiana-Pacific from $83.00 to $99.00 and gave the company an "outperform" rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $83.89.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the sale, the director now directly owns 25,995 shares in the company, valued at approximately $2,016,692.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.53% of the company's stock.

Louisiana-Pacific Company Profile

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.