Q3 2022 EPS Estimates for Louisiana-Pacific Co. Lifted by Analyst (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPXGet Rating) – Research analysts at Seaport Res Ptn increased their Q3 2022 EPS estimates for shares of Louisiana-Pacific in a research note issued on Tuesday, May 3rd. Seaport Res Ptn analyst M. Weintraub now expects that the building manufacturing company will post earnings per share of $2.32 for the quarter, up from their previous forecast of $2.31. Seaport Res Ptn also issued estimates for Louisiana-Pacific’s Q4 2022 earnings at $2.04 EPS.

Louisiana-Pacific (NYSE:LPXGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The building manufacturing company reported $5.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.54. Louisiana-Pacific had a return on equity of 100.29% and a net margin of 30.24%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted $3.01 EPS. The business’s revenue was up 31.5% on a year-over-year basis.

Other equities research analysts have also issued research reports about the company. StockNews.com assumed coverage on Louisiana-Pacific in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered Louisiana-Pacific from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research note on Friday, April 29th. The Goldman Sachs Group raised shares of Louisiana-Pacific from a “sell” rating to a “neutral” rating and boosted their target price for the company from $59.00 to $84.00 in a research note on Friday, January 21st. TD Securities lifted their price target on shares of Louisiana-Pacific from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, DA Davidson reissued a “buy” rating on shares of Louisiana-Pacific in a research note on Wednesday, February 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific has an average rating of “Buy” and a consensus target price of $84.20.

LPX stock opened at $77.90 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.54 and a quick ratio of 1.62. The company’s 50 day simple moving average is $65.73 and its 200-day simple moving average is $68.38. Louisiana-Pacific has a 12 month low of $50.12 and a 12 month high of $79.77. The firm has a market capitalization of $6.70 billion, a PE ratio of 4.70 and a beta of 1.54.

A number of large investors have recently bought and sold shares of LPX. Bessemer Group Inc. purchased a new stake in shares of Louisiana-Pacific during the 4th quarter valued at $27,000. Cordasco Financial Network acquired a new position in Louisiana-Pacific in the third quarter valued at $36,000. TCI Wealth Advisors Inc. acquired a new position in Louisiana-Pacific in the first quarter valued at $39,000. Ahrens Investment Partners LLC purchased a new stake in Louisiana-Pacific during the first quarter valued at about $40,000. Finally, Rather & Kittrell Inc. acquired a new stake in Louisiana-Pacific during the fourth quarter worth about $43,000. 94.99% of the stock is currently owned by institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 26th. Investors of record on Thursday, May 12th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, May 11th. This represents a $0.88 annualized dividend and a dividend yield of 1.13%. Louisiana-Pacific’s dividend payout ratio is presently 5.31%.

About Louisiana-Pacific (Get Rating)

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.

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