Louisiana-Pacific (LPX) to Release Earnings on Wednesday

Louisiana-Pacific (NYSE:LPX) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect Louisiana-Pacific to post earnings of $0.79 per share and revenue of $666.75 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Louisiana-Pacific Price Performance

LPX stock opened at $112.37 on Tuesday. Louisiana-Pacific has a 52-week low of $66.77 and a 52-week high of $122.87. The stock’s fifty day simple moving average is $111.20 and its 200-day simple moving average is $106.39. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.42 and a beta of 1.95.

Analyst Ratings Changes

A number of analysts have recently issued reports on LPX shares. Truist Financial lifted their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada boosted their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group boosted their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, BMO Capital Markets upped their price target on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $108.38.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now directly owns 18,513 shares in the company, valued at $2,101,225.50. The trade was a 11.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.26% of the company’s stock.

Louisiana-Pacific Company Profile

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.