Louisiana-Pacific Co. Forecasted to Post Q2 2024 Earnings of $2.07 Per Share (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPXFree Report) – Equities researchers at DA Davidson issued their Q2 2024 earnings per share estimates for shares of Louisiana-Pacific in a research report issued on Thursday, May 9th. DA Davidson analyst K. Yinger forecasts that the building manufacturing company will earn $2.07 per share for the quarter. DA Davidson currently has a “Buy” rating and a $98.00 target price on the stock. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $4.89 per share. DA Davidson also issued estimates for Louisiana-Pacific’s FY2024 earnings at $5.74 EPS.

Louisiana-Pacific (NYSE:LPXGet Free Report) last announced its earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The company had revenue of $724.00 million during the quarter, compared to analysts’ expectations of $686.84 million. During the same period last year, the business posted $0.34 EPS. Louisiana-Pacific’s revenue for the quarter was up 24.0% on a year-over-year basis.

LPX has been the subject of a number of other reports. TD Securities raised their target price on Louisiana-Pacific from $87.00 to $90.00 and gave the company a “hold” rating in a report on Thursday. Seaport Res Ptn cut Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Thursday. Loop Capital started coverage on Louisiana-Pacific in a report on Friday, May 3rd. They set a “hold” rating and a $82.00 target price for the company. Royal Bank of Canada increased their price target on Louisiana-Pacific from $88.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, TheStreet lowered Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Louisiana-Pacific presently has an average rating of “Moderate Buy” and an average price target of $83.89.

View Our Latest Research Report on LPX

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $86.96 on Friday. The business has a 50-day moving average of $77.67 and a 200 day moving average of $69.39. Louisiana-Pacific has a 12 month low of $49.47 and a 12 month high of $88.40. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 35.49 and a beta of 1.87. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54.

Institutional Investors Weigh In On Louisiana-Pacific

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Eminence Capital LP raised its position in shares of Louisiana-Pacific by 31.4% during the 4th quarter. Eminence Capital LP now owns 2,056,991 shares of the building manufacturing company’s stock worth $145,697,000 after acquiring an additional 491,641 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Louisiana-Pacific by 83.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock worth $110,717,000 after buying an additional 712,671 shares during the period. Franklin Resources Inc. increased its position in Louisiana-Pacific by 10.0% during the fourth quarter. Franklin Resources Inc. now owns 1,136,025 shares of the building manufacturing company’s stock worth $80,465,000 after buying an additional 103,249 shares during the period. Channing Capital Management LLC acquired a new position in Louisiana-Pacific during the fourth quarter worth approximately $73,662,000. Finally, Invesco Ltd. increased its position in Louisiana-Pacific by 57.8% during the third quarter. Invesco Ltd. now owns 796,563 shares of the building manufacturing company’s stock worth $44,026,000 after buying an additional 291,833 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the sale, the director now owns 25,995 shares of the company’s stock, valued at approximately $2,016,692.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.53% of the company’s stock.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Tuesday, May 21st. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 42.45%.

About Louisiana-Pacific

(Get Free Report)

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.

See Also

Earnings History and Estimates for Louisiana-Pacific (NYSE:LPX)

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