Lsb Industries (NYSE:LXU) Shares Gap Down on Disappointing Earnings

Lsb Industries Inc. (NYSE:LXU)’s share price gapped down prior to trading on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $8.71, but opened at $7.74. Lsb Industries shares last traded at $7.87, with a volume of 184,279 shares traded.

The conglomerate reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14). Lsb Industries had a negative net margin of 6.15% and a negative return on equity of 0.34%. The firm had revenue of $151.30 million during the quarter, compared to analyst estimates of $156.76 million.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group downgraded Lsb Industries from a “buy” rating to a “neutral” rating and set a $9.25 price objective for the company. in a research note on Wednesday, July 23rd. Wall Street Zen raised Lsb Industries from a “sell” rating to a “hold” rating in a research note on Saturday, May 31st.

Institutional Trading of Lsb Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LXU. American Century Companies Inc. increased its position in Lsb Industries by 11.7% during the 4th quarter. American Century Companies Inc. now owns 1,621,036 shares of the conglomerate’s stock valued at $12,304,000 after purchasing an additional 169,275 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Lsb Industries during the 4th quarter valued at approximately $71,000. LPL Financial LLC increased its position in Lsb Industries by 2.9% during the 4th quarter. LPL Financial LLC now owns 70,100 shares of the conglomerate’s stock valued at $532,000 after purchasing an additional 1,960 shares during the period. Vanguard Group Inc. increased its position in Lsb Industries by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,089,060 shares of the conglomerate’s stock valued at $23,446,000 after purchasing an additional 12,345 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Lsb Industries by 7.8% during the 4th quarter. JPMorgan Chase & Co. now owns 148,830 shares of the conglomerate’s stock valued at $1,130,000 after purchasing an additional 10,746 shares during the period. Institutional investors and hedge funds own 73.67% of the company’s stock.

Lsb Industries Price Performance

The firm has a market cap of $543.41 million, a price-to-earnings ratio of -16.43 and a beta of 1.21. The business’s 50-day simple moving average is $8.09 and its two-hundred day simple moving average is $7.45. The company has a current ratio of 2.51, a quick ratio of 2.29 and a debt-to-equity ratio of 0.97.

Lsb Industries Company Profile

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