Louisiana-Pacific Co. (NYSE:LPX) Expected to Announce Quarterly Sales of $644.48 Million

Wall Street analysts expect Louisiana-Pacific Co. (NYSE:LPX) to announce sales of $644.48 million for the current quarter, Zacks reports. Two analysts have issued estimates for Louisiana-Pacific’s earnings, with the highest sales estimate coming in at $654.00 million and the lowest estimate coming in at $634.96 million. Louisiana-Pacific reported sales of $810.80 million during the same quarter last year, which would suggest a negative year over year growth rate of 20.5%. The company is expected to announce its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Louisiana-Pacific will report full-year sales of $2.52 billion for the current financial year, with estimates ranging from $2.47 billion to $2.57 billion. For the next financial year, analysts expect that the business will report sales of $2.76 billion, with estimates ranging from $2.65 billion to $2.87 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Louisiana-Pacific.

Louisiana-Pacific (NYSE:LPX) last posted 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). Louisiana-Pacific had a return on equity of 19.63% and a net margin of 12.16%. The business had revenue of $582.00 million during the quarter, compared to analysts’ expectations of $601.49 million. During the same quarter in the prior year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was down 15.8% compared to the same quarter last year.

Several research analysts have recently weighed in on the company. TD Securities decreased their price target 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. ValuEngine cut Louisiana-Pacific from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Longbow Research upgraded Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Monday, May 20th. BMO Capital Markets raised Louisiana-Pacific from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $26.00 to $28.00 in a report on Friday, June 14th. Finally, 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 report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $29.25.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Valeo Financial Advisors LLC bought a new stake in Louisiana-Pacific during the first quarter valued at about $45,000. Toronto Dominion Bank grew its holdings 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 valued at $57,000 after purchasing an additional 570 shares during the period. Baker Ellis Asset Management LLC bought a new stake in Louisiana-Pacific during the first quarter valued at about $134,000. Hollencrest Capital Management bought a new stake in Louisiana-Pacific during the first quarter valued at about $213,000. Finally, Virtu Financial LLC bought a new stake in Louisiana-Pacific during the first quarter valued at about $215,000. 89.45% of the stock is owned by institutional investors.

LPX stock opened at $25.97 on Friday. Louisiana-Pacific has a 1-year low of $20.39 and a 1-year high of $32.16. The business has a fifty day simple moving average of $24.22. The company has a quick ratio of 2.25, a current ratio of 3.55 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $3.17 billion, a PE ratio of 9.48, a P/E/G ratio of 3.37 and a beta of 1.40.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 21st were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Monday, May 20th. Louisiana-Pacific’s payout ratio is currently 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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