Louisiana-Pacific Corporation (NYSE:LPX) is expected to report second quarter earnings results, before market open, on Tuesday 4th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.16 per share.
Looking ahead, the full year income are expected at $ 1.01 per share on the revenues of $ 2222.18 million.
Previous Quarter Performance
Louisiana-Pacific Corporation unfold income for the first quarter of $ 0.34 per share, from the revenue of $ 585.00 million. The quarterly earnings developed 161.54 percent while revenues developed 0.52 percent compared with the same quarter last year.
Street analysts expected Louisiana-Pacific Corporation to report income of $ 0.31 per share on revenue of $ 577.54 million for the first quarter. The bottom line results beat street analysts by $ 0.03 or 9.68 percent, at the same time, top line results outshined analysts by $ 7.46 million or 1.29 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of LPX was $ 31.40, representing a 142.10 % increase from the 52 week low of $ 12.97 and a 8.59 % decrease over the 52 week high of $ 34.35.
The company has a market capital of $ 3.52 billion and is part of the Basic Materials sector and Building Materials industry.
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Recent Analyst recommendations
- On 9th July 2020, maintained by Scotiabank at Sector Perform rating, with $ 27.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.145 per share on May 5, 2020. The dividend were payable on June 1, 2020 to holders of record as of the close of business on May 15, 2020 and ex-dividend date on May 14, 2020.
Conference Call
Louisiana-Pacific Corporation will be hosting a conference call at 11:00 AM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lpcorp.com
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
