LSB Industries Inc. (NYSE:LXU) – Equities research analysts at Feltl & Co. cut their Q3 2016 earnings per share (EPS) estimates for LSB Industries in a research note issued on Thursday. Feltl & Co. analyst B. Rystrom now expects that the brokerage will earn ($0.81) per share for the quarter, down from their previous estimate of ($0.60). Feltl & Co. also issued estimates for LSB Industries’ Q4 2016 earnings at ($0.60) EPS, FY2016 earnings at ($2.65) EPS, Q1 2017 earnings at ($0.09) EPS, Q2 2017 earnings at ($0.05) EPS, Q3 2017 earnings at ($0.34) EPS, Q4 2017 earnings at ($0.16) EPS and FY2017 earnings at ($0.64) EPS.
LSB Industries (NYSE:LXU) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.37) by $0.36. LSB Industries had a negative net margin of 7.06% and a negative return on equity of 8.23%. The business earned $109.98 million during the quarter, compared to analysts’ expectations of $167.65 million. During the same quarter last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year.
Separately, Zacks Investment Research downgraded shares of LSB Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th.
Shares of LSB Industries (NYSE:LXU) opened at 6.56 on Monday. The company has a 50-day moving average of $9.46 and a 200 day moving average of $11.80. LSB Industries has a 52-week low of $3.68 and a 52-week high of $17.91. The stock’s market cap is $183.25 million.
Hedge funds have recently added to or reduced their stakes in the company. Wilen Investment Management CORP. bought a new stake in LSB Industries during the second quarter worth $115,000. Frontier Capital Management Co. LLC increased its stake in LSB Industries by 141.0% in the second quarter. Frontier Capital Management Co. LLC now owns 1,076,547 shares of the company’s stock worth $13,005,000 after buying an additional 629,922 shares during the last quarter. California State Teachers Retirement System increased its stake in LSB Industries by 3.5% in the second quarter. California State Teachers Retirement System now owns 43,267 shares of the company’s stock worth $523,000 after buying an additional 1,457 shares during the last quarter. Northpointe Capital LLC bought a new stake in LSB Industries during the second quarter worth $4,048,000. Finally, Royal Bank of Canada increased its stake in LSB Industries by 5.9% in the first quarter. Royal Bank of Canada now owns 9,282 shares of the company’s stock worth $118,000 after buying an additional 518 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.
LSB Industries Company Profile
LSB Industries, Inc is a diversified holding company engaged in manufacturing operations through its subsidiaries. The Company’s segments are Chemical Business, Climate Control Business and Other. Its Chemical Business segment manufactures and sells nitrogen-based chemical products for the agricultural, industrial and mining markets.
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