LSB Industries Inc. (LXU) Trading 2.7% Higher
LSB Industries Inc. (NYSE:LXU)’s share price traded up 2.7% on Monday . The company traded as high as $12.12 and last traded at $11.96, with a volume of 346,718 shares changing hands. The stock had previously closed at $11.65.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of LSB Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Avondale Partners reaffirmed an “outperform” rating and set a $15.00 price target on shares of LSB Industries in a research report on Monday, May 9th. Finally, Feltl & Co. raised 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 $11.88 and a 200 day moving average of $11.57. The company’s market capitalization is $334.10 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. The business had revenue of $109.98 million for the quarter, compared to analysts’ expectations of $167.65 million. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 earnings per share. On average, equities research analysts expect that LSB Industries Inc. will post ($2.40) EPS 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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