Brokers Set Expectations for Louisiana-Pacific Co.’s Q2 2024 Earnings (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPXFree Report) – Equities research analysts at Seaport Res Ptn upped their Q2 2024 earnings per share estimates for Louisiana-Pacific in a report released on Thursday, May 9th. Seaport Res Ptn analyst M. Weintraub now expects that the building manufacturing company will post earnings of $2.05 per share for the quarter, up from their prior estimate of $1.65. Seaport Res Ptn has a “Neutral” rating on the stock. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.79 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific’s Q3 2024 earnings at $1.07 EPS and FY2024 earnings at $5.55 EPS.

Several other research analysts also recently commented on the company. StockNews.com raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. DA Davidson upped their price objective on Louisiana-Pacific from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Loop Capital began coverage on Louisiana-Pacific in a research note on Friday, May 3rd. They issued a “hold” rating and a $82.00 target price for the company. BMO Capital Markets upped their price target on Louisiana-Pacific from $83.00 to $99.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Finally, TD Securities lifted their price objective on Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, May 9th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.89.

Read Our Latest Stock Analysis on LPX

Louisiana-Pacific Stock Up 1.7 %

Shares of LPX opened at $89.65 on Monday. The company has a market capitalization of $6.43 billion, a P/E ratio of 24.63 and a beta of 1.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 1.75. Louisiana-Pacific has a one year low of $49.47 and a one year high of $90.03. The business’s 50 day simple moving average is $78.45 and its 200-day simple moving average is $70.42.

Louisiana-Pacific (NYSE:LPXGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.40. The company had revenue of $724.00 million for the quarter, compared to the consensus estimate of $686.84 million. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The company’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 earnings per share.

Hedge Funds Weigh In On Louisiana-Pacific

Several institutional investors have recently modified their holdings of the business. Eminence Capital LP lifted its holdings 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 valued at $145,697,000 after purchasing an additional 491,641 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Louisiana-Pacific by 83.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock valued at $110,717,000 after acquiring an additional 712,671 shares in the last quarter. Franklin Resources Inc. lifted its stake in Louisiana-Pacific by 10.0% in the 4th quarter. Franklin Resources Inc. now owns 1,136,025 shares of the building manufacturing company’s stock valued at $80,465,000 after acquiring an additional 103,249 shares in the last quarter. Channing Capital Management LLC bought a new stake in Louisiana-Pacific in the 4th quarter valued at approximately $73,662,000. Finally, Invesco Ltd. lifted its stake in Louisiana-Pacific by 57.8% in the 3rd quarter. Invesco Ltd. now owns 796,563 shares of the building manufacturing company’s stock valued at $44,026,000 after acquiring an additional 291,833 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the completion of the transaction, the director now directly owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.53% of the company’s stock.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.16%. The ex-dividend date is Tuesday, May 21st. Louisiana-Pacific’s payout ratio is 28.57%.

Louisiana-Pacific Company Profile

(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.

Further Reading

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

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