Louisiana-Pacific (LPX) Expected to Post Quarterly Sales of $692.00 Million

Wall Street analysts predict that Louisiana-Pacific (NYSE:LPX) will report $692.00 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Louisiana-Pacific’s earnings, with estimates ranging from $680.41 million to $703.59 million. Louisiana-Pacific reported sales of $610.90 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.3%. The company is expected to issue its next earnings report on Friday, May 4th.

According to Zacks, analysts expect that Louisiana-Pacific will report full-year sales of $2.82 billion for the current year, with estimates ranging from $2.76 billion to $2.87 billion. For the next financial year, analysts expect that the firm will report sales of $2.94 billion per share, with estimates ranging from $2.85 billion to $3.03 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Louisiana-Pacific.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Tuesday, February 13th. The construction company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.15. The business had revenue of $710.60 million during the quarter, compared to analyst estimates of $654.26 million. Louisiana-Pacific had a net margin of 14.26% and a return on equity of 24.05%. Louisiana-Pacific’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 EPS.

LPX has been the subject of a number of recent research reports. Bank of America upgraded shares of Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. Zacks Investment Research upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday, January 9th. ValuEngine upgraded shares of Louisiana-Pacific from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 3rd. Royal Bank of Canada reiterated a “buy” rating and issued a $39.00 target price on shares of Louisiana-Pacific in a research note on Tuesday, April 3rd. Finally, Stephens set a $31.00 target price on shares of Louisiana-Pacific and gave the stock a “hold” rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $32.43.

LPX stock traded up $0.39 during midday trading on Wednesday, reaching $30.40. 1,264,123 shares of the company’s stock traded hands, compared to its average volume of 1,737,016. The firm has a market capitalization of $4,349.94, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.21 and a beta of 1.55. The company has a current ratio of 5.03, a quick ratio of 4.07 and a debt-to-equity ratio of 0.22. Louisiana-Pacific has a 52 week low of $22.07 and a 52 week high of $31.07.

In related news, EVP Neil Sherman sold 18,885 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $30.04, for a total transaction of $567,305.40. Following the completion of the transaction, the executive vice president now owns 62,770 shares in the company, valued at $1,885,610.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gary Cook sold 5,000 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $28.58, for a total transaction of $142,900.00. Following the transaction, the director now owns 50,026 shares of the company’s stock, valued at approximately $1,429,743.08. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of LPX. MANA Advisors LLC bought a new position in Louisiana-Pacific during the fourth quarter valued at about $209,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Louisiana-Pacific by 43.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,172 shares of the construction company’s stock valued at $215,000 after buying an additional 2,481 shares during the period. Moors & Cabot Inc. bought a new position in Louisiana-Pacific during the fourth quarter valued at about $225,000. Csenge Advisory Group bought a new position in Louisiana-Pacific during the fourth quarter valued at about $225,000. Finally, Jump Trading LLC bought a new position in Louisiana-Pacific during the fourth quarter valued at about $249,000. Institutional investors own 94.61% of the company’s stock.

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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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