Louisiana-Pacific Corporation (LPX) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.01. The company posted revenue of $505.00 million in the period, compared to analysts expectations of $512.27 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.
Many Wall Street Analysts have commented on Louisiana-Pacific Corporation. Shares were Upgraded by DA Davidson on Feb 12, 2016 to ” Neutral” and Lowered the Price Target to $ 15 from a previous price target of $16 .
Louisiana-Pacific Corporation opened for trading at $17.86 and hit $18.54 on the upside on Friday, eventually ending the session at $18.29, with a gain of 1.61% or 0.29 points. The heightened volatility saw the trading volume jump to 33,53,832 shares. Company has a market cap of $2,619 M.
In a different news, on Dec 1, 2015, Colin D Watson (director) sold 36,873 shares at $18.32 per share price. According to the SEC, on May 21, 2015, Curtis M Stevens (CEO) sold 123,981 shares at $18.23 per share price. On May 18, 2015, Kurt M Landgraf (director) sold 36,917 shares at $17.30 per share price, according to the Form-4 filing with the securities and exchange commission.
Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in new home construction repair and remodeling and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB) Siding Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products which include SmartSide siding products and related accessories; and CanExel siding and accessories and other related products. The EWP segment manufactures and distributes laminated veneer lumber (LVL) I-Joists laminated strand lumber (LSL) and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its other products category includes its remaining timber and timberlands and other products services and closed operations.