Louisiana-Pacific (NYSE:LPX) Announces Quarterly Earnings Results, Beats Estimates By $0.24 EPS

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

Louisiana-Pacific Stock Performance

NYSE LPX opened at $101.60 on Thursday. The company has a market cap of $7.14 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.37 and a beta of 1.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The stock has a 50-day moving average of $110.81 and a two-hundred day moving average of $106.48. Louisiana-Pacific has a 1-year low of $66.77 and a 1-year high of $122.87.

Louisiana-Pacific Increases Dividend

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

Analyst Upgrades and Downgrades

LPX has been the topic of several recent research reports. TD Securities upped their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. DA Davidson upped their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Royal Bank of Canada upped their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group upped their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $108.38.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the transaction, the director now owns 18,513 shares in the company, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company 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.