Lsb Industries (NYSE:LXU) Releases Earnings Results, Beats Estimates By $0.14 EPS
by Amy Steele · The Cerbat GemLsb Industries (NYSE:LXU – Get Free Report) posted its quarterly earnings data on Wednesday. The conglomerate reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.14, FiscalAI reports. Lsb Industries had a net margin of 4.00% and a return on equity of 4.90%. The company had revenue of $169.49 million during the quarter, compared to the consensus estimate of $166.19 million.
Lsb Industries Stock Up 2.3%
NYSE LXU traded up $0.35 on Wednesday, reaching $15.20. The company had a trading volume of 1,867,544 shares, compared to its average volume of 1,271,252. The firm has a market capitalization of $1.09 billion, a PE ratio of 44.69 and a beta of 0.48. Lsb Industries has a 1 year low of $5.86 and a 1 year high of $17.22. The firm has a 50-day moving average of $13.87 and a 200-day moving average of $10.76. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.78 and a quick ratio of 2.61.
Wall Street Analyst Weigh In
LXU has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price objective on shares of Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, March 12th. Weiss Ratings raised shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Lsb Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 6th. Zacks Research downgraded shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $14.00 target price (up from $13.00) on shares of Lsb Industries in a research report on Tuesday, April 7th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.17.
Check Out Our Latest Report on Lsb Industries
Insiders Place Their Bets
In other Lsb Industries news, Director Barry H. Golsen sold 25,501 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $10.04, for a total value of $256,030.04. Following the completion of the transaction, the director owned 13,386 shares in the company, valued at $134,395.44. This represents a 65.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 46,635 shares of company stock valued at $468,083. 3.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Lsb Industries
Institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC boosted its holdings in Lsb Industries by 14.1% in the 3rd quarter. Intech Investment Management LLC now owns 24,662 shares of the conglomerate’s stock worth $194,000 after acquiring an additional 3,039 shares during the period. Franklin Resources Inc. purchased a new position in Lsb Industries in the 4th quarter worth approximately $190,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Lsb Industries during the 3rd quarter valued at approximately $185,000. VARCOV Co. purchased a new position in shares of Lsb Industries during the 4th quarter valued at approximately $184,000. Finally, Millennium Management LLC boosted its stake in shares of Lsb Industries by 8.5% during the 4th quarter. Millennium Management LLC now owns 21,573 shares of the conglomerate’s stock valued at $183,000 after buying an additional 1,692 shares during the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.
Lsb Industries Company Profile
LSB Industries, Inc (NYSE: LXU) is an Oklahoma City–based manufacturer of chemical products serving the agricultural, industrial and defense markets. The company operates primarily through two segments: Fertilizer Solutions and Commodities Solutions. Through its Fertilizer Solutions segment, LSB produces primary nitrogen products—including anhydrous ammonia and technical-grade ammonium nitrate—that are sold to fertilizer distributors and agricultural retailers across North America. Its Commodities Solutions segment manufactures and sells nitric acid, sodium nitrate and other nitrate-based compounds for industrial applications such as mining, water treatment and specialty chemical production, as well as defense-related formulations used in munitions and pyrotechnics.
Incorporated in 1969, LSB Industries has grown from a single production site to multiple manufacturing facilities strategically located in the central United States.