Louisiana-Pacific (LPX) to Release Quarterly Earnings on Wednesday

Louisiana-Pacific (NYSE:LPX - Get Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.05 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.17. The company had revenue of $658.00 million during the quarter, compared to analysts' expectations of $618.60 million. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. Louisiana-Pacific's quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the business earned $0.61 earnings per share. On average, analysts expect Louisiana-Pacific to post $5 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Louisiana-Pacific Stock Performance

LPX stock traded down $0.32 during trading on Wednesday, hitting $72.87. 763,198 shares of the company traded hands, compared to its average volume of 878,708. The stock's 50-day simple moving average is $76.83 and its 200 day simple moving average is $68.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54. The company has a market cap of $5.27 billion, a PE ratio of 30.31 and a beta of 1.84. Louisiana-Pacific has a 1 year low of $49.47 and a 1 year high of $84.54.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a dividend of $0.26 per share. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific's dividend payout ratio (DPR) is currently 42.45%.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific 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 transaction, the director now owns 25,995 shares in the company, valued at $2,016,692.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on LPX. Royal Bank of Canada raised their price objective on Louisiana-Pacific from $80.00 to $82.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. TD Cowen reissued a "hold" rating and issued a $75.00 price objective on shares of Louisiana-Pacific in a report on Thursday, January 11th. Truist Financial raised their price objective on Louisiana-Pacific from $75.00 to $82.00 and gave the company a "buy" rating in a report on Thursday, January 4th. TheStreet lowered Louisiana-Pacific from a "b-" rating to a "c+" rating in a research note on Thursday, February 29th. Finally, TD Securities lifted their price target on Louisiana-Pacific from $75.00 to $77.00 and gave the stock a "hold" rating in a research note on Thursday, February 15th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $73.71.

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.