LSB Industries Inc. (LXU) Stock Price Down 3.2%
LSB Industries Inc. (NYSE:LXU)’s share price fell 3.2% during mid-day trading on Friday . The company traded as low as $11.47 and last traded at $11.60, with a volume of 200,198 shares. The stock had previously closed at $11.98.
A number of brokerages have issued reports on LXU. Zacks Investment Research upgraded shares of LSB Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Avondale Partners restated an “outperform” rating and set a $15.00 target price on shares of LSB Industries in a research report on Monday, May 9th. Finally, Feltl & Co. upgraded shares of LSB Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 6th.
The stock’s market capitalization is $325.44 million. The firm’s 50-day moving average price is $11.90 and its 200-day moving average price is $11.42.
LSB Industries (NYSE:LXU) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.73) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.37) by $0.36. The company had revenue of $109.98 million for the quarter, compared to analyst estimates of $167.65 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, equities research analysts forecast that LSB Industries Inc. will post ($2.40) EPS for the current year.
LSB Industries, Inc is a holding company engaged in manufacturing and marketing operations through its subsidiaries. The Company operates in two segments: Chemical Business and Climate Control Business. LSB and its wholly owned subsidiaries own businesses, which include chemical business manufactures and sells nitrogen-based chemical products for the agricultural, industrial, and mining markets and climate control business manufactures and sells a range of heating, ventilation and air conditioning (HVAC) products that include water source and geothermal heat pumps, hydronic fan coils, custom air handlers, modular geothermal and other chillers, and other related products and services.
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