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

Louisiana-Pacific (NYSE:LPX) posted its quarterly earnings data on Wednesday. The building manufacturing company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.79 by $0.24, Zacks reports. The company had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a net margin of 14.29% and a return on equity of 24.50%. Louisiana-Pacific’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 earnings per share.

Louisiana-Pacific Stock Performance

LPX opened at $101.60 on Thursday. Louisiana-Pacific has a 52-week low of $66.77 and a 52-week high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The company has a market cap of $7.14 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.37 and a beta of 1.95. The firm’s 50-day moving average price is $110.81 and its 200-day moving average price is $106.48.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.10%. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio is 17.93%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. TD Securities lifted their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. BMO Capital Markets upped their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 12th. Royal Bank of Canada upped their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. DA Davidson upped their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group upped their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Louisiana-Pacific currently has an average rating of “Hold” and a consensus target price of $108.38.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now owns 18,513 shares in the company, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.26% of the company’s stock.

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.