LSB Industries Inc. (LXU) Shares Down 2.1%
LSB Industries Inc. (NYSE:LXU)’s share price dropped 2.1% during trading on Thursday . The stock traded as low as $11.42 and last traded at $11.48, with a volume of 112,389 shares changing hands. The stock had previously closed at $11.73.
A number of equities research analysts have issued reports on the stock. 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 reissued 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 firm’s market capitalization is $324.05 million. The stock’s 50 day moving average is $11.91 and its 200 day moving average is $11.66.
LSB Industries (NYSE:LXU) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.37) by $0.36. The business had revenue of $109.98 million for the quarter, compared to the consensus estimate of $167.65 million. During the same quarter in the previous year, the business earned $0.02 EPS. LSB Industries’s revenue for the quarter was down 12.4% on a year-over-year basis. Equities research analysts predict that LSB Industries Inc. will post ($2.40) EPS for the current fiscal year.
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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