Q4 2018 EPS Estimates for Louisiana-Pacific Boosted by Analyst (NYSE:LPX)

Louisiana-Pacific (NYSE:LPX) – Analysts at DA Davidson boosted their Q4 2018 earnings estimates for shares of Louisiana-Pacific in a research report issued on Tuesday, May 8th, Zacks Investment Research reports. DA Davidson analyst S. Chercover now anticipates that the construction company will post earnings per share of $0.57 for the quarter, up from their prior estimate of $0.38. DA Davidson has a “Buy” rating on the stock.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Monday, May 7th. The construction company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Louisiana-Pacific had a net margin of 15.13% and a return on equity of 25.35%. The business had revenue of $691.30 million for the quarter, compared to analysts’ expectations of $702.19 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The business’s quarterly revenue was up 13.1% compared to the same quarter last year.



A number of other brokerages also recently weighed in on LPX. BMO Capital Markets set a $25.00 price target on Louisiana-Pacific and gave the company a “sell” rating in a report on Tuesday, February 13th. Stephens set a $32.00 price target on Louisiana-Pacific and gave the company a “hold” rating in a report on Tuesday, February 13th. Scotiabank lifted their price target on Louisiana-Pacific from $29.00 to $30.00 and gave the company a “sector perform” rating in a report on Wednesday, February 14th. ValuEngine upgraded Louisiana-Pacific from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 3rd. Finally, Bank of America upgraded Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Louisiana-Pacific presently has an average rating of “Hold” and a consensus target price of $32.71.

Shares of Louisiana-Pacific traded up $0.29, reaching $28.06, on Friday, Marketbeat Ratings reports. 35,444 shares of the company’s stock traded hands, compared to its average volume of 1,750,068. Louisiana-Pacific has a 12-month low of $27.21 and a 12-month high of $27.58. The company has a current ratio of 5.92, a quick ratio of 4.53 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 1.91 and a beta of 1.59.

Large investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale acquired a new stake in shares of Louisiana-Pacific in the first quarter worth about $131,000. Zeke Capital Advisors LLC acquired a new stake in shares of Louisiana-Pacific in the first quarter worth about $205,000. MANA Advisors LLC acquired a new stake in shares of Louisiana-Pacific in the fourth quarter worth about $209,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Louisiana-Pacific by 43.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,172 shares of the construction company’s stock worth $215,000 after buying an additional 2,481 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in shares of Louisiana-Pacific in the fourth quarter worth about $225,000. 94.99% of the stock is owned by institutional investors.

In other Louisiana-Pacific news, Director Gary Cook sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $28.58, for a total value of $142,900.00. Following the completion of the sale, the director now owns 50,026 shares of the company’s stock, valued at $1,429,743.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.48% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $0.52 dividend on an annualized basis and a yield of 1.85%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 22.32%.

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 structures, as well as 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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