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

LSB Industries (NYSE:LXU – Get 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:LXU – Get 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.

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