LSB Industries Inc. (LXU) Trading Down 3.2%
LSB Industries Inc. (NYSE:LXU)’s share price fell 3.2% during mid-day trading on Friday . The stock traded as low as $11.47 and last traded at $11.60, with a volume of 200,198 shares changing hands. The stock had previously closed at $11.98.
Several brokerages have issued reports on LXU. Zacks Investment Research raised shares of LSB Industries from a “sell” rating to a “hold” rating in a research note 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 company has a 50 day moving average of $11.90 and a 200 day moving average of $11.42. The company’s market cap is $325.44 million.
LSB Industries (NYSE:LXU) last released its earnings results on Monday, August 8th. The company reported ($0.73) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by $0.36. During the same period in the prior year, the business posted $0.02 EPS. The firm earned $109.98 million during the quarter, compared to the consensus estimate of $167.65 million. The company’s revenue was down 12.4% on a year-over-year basis. Equities research analysts predict that LSB Industries Inc. will post ($2.40) earnings per share for the current fiscal 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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