LSB Industries (LXU) Set to Announce Quarterly Earnings on Tuesday

LSB Industries (NYSE:LXUGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of $0.32 per share for the quarter.

LSB Industries (NYSE:LXUGet Rating) last issued its earnings results on Wednesday, February 23rd. The conglomerate reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.35. LSB Industries had a net margin of 7.83% and a return on equity of 110.90%. The firm had revenue of $190.23 million during the quarter, compared to analysts’ expectations of $180.10 million. On average, analysts expect LSB Industries to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of LSB Industries stock traded down $0.01 during trading on Tuesday, hitting $21.22. 11,760 shares of the company’s stock were exchanged, compared to its average volume of 704,778. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.16 and a current ratio of 2.32. The business has a 50-day simple moving average of $20.59 and a 200-day simple moving average of $13.65. LSB Industries has a 52-week low of $3.59 and a 52-week high of $27.45. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -3.45 and a beta of 1.79.

Several hedge funds and other institutional investors have recently made changes to their positions in LXU. JPMorgan Chase & Co. grew its position in shares of LSB Industries by 7,212.2% in the fourth quarter. JPMorgan Chase & Co. now owns 9,579 shares of the conglomerate’s stock valued at $106,000 after purchasing an additional 9,448 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of LSB Industries by 30.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,524 shares of the conglomerate’s stock valued at $172,000 after purchasing an additional 3,583 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of LSB Industries in the third quarter valued at about $200,000. Morgan Stanley grew its position in shares of LSB Industries by 115.8% in the first quarter. Morgan Stanley now owns 41,599 shares of the conglomerate’s stock valued at $214,000 after purchasing an additional 22,325 shares during the period. Finally, Walleye Trading LLC grew its position in shares of LSB Industries by 33.1% in the fourth quarter. Walleye Trading LLC now owns 29,533 shares of the conglomerate’s stock valued at $326,000 after purchasing an additional 7,342 shares during the period. Institutional investors and hedge funds own 76.92% of the company’s stock.

Several brokerages recently issued reports on LXU. Zacks Investment Research cut shares of LSB Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 5th. TheStreet raised shares of LSB Industries from a “d+” rating to a “c” rating in a report on Thursday, February 24th. Finally, StockNews.com assumed coverage on shares of LSB Industries in a report on Thursday, March 31st. They issued a “hold” rating for the company.

LSB Industries Company Profile (Get Rating)

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.

Further Reading

Earnings History for LSB Industries (NYSE:LXU)

Receive News & Ratings for LSB Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSB Industries and related companies with MarketBeat.com's FREE daily email newsletter.