Louisiana-Pacific (LPX) to Release Earnings on Wednesday

Louisiana-Pacific (NYSE:LPX) is expected to be releasing its earnings data 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 that are interested in participating in the company’s earnings conference call can do so using this link.

Louisiana-Pacific Stock Up 0.1 %

NYSE LPX opened at $112.37 on Tuesday. The stock’s 50 day moving average is $111.20 and its 200 day moving average is $106.39. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a 12 month low of $66.77 and a 12 month high of $122.87. The stock has a market cap of $7.89 billion, a PE ratio of 19.37, a P/E/G ratio of 1.42 and a beta of 1.95.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the transaction, the director now directly owns 18,513 shares in the company, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on LPX shares. DA Davidson lifted their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group boosted their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Truist Financial upped their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, January 6th. TD Securities upped their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Finally, StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Louisiana-Pacific has an average rating of “Hold” and an average target price of $108.38.

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.