LSB Industries (NYSE:LXU) Posts Earnings Results, Beats Estimates By $0.08 EPS

LSB Industries (NYSE:LXU - Get Free Report) released its quarterly earnings data on Wednesday. The conglomerate reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.08, Zacks reports. The business had revenue of $134.91 million during the quarter, compared to analyst estimates of $121.07 million. LSB Industries had a negative net margin of 2.99% and a positive return on equity of 0.98%.

LSB Industries Price Performance

Shares of LXU stock traded down $0.07 on Friday, reaching $7.32. The company's stock had a trading volume of 536,656 shares, compared to its average volume of 374,212. The company has a market capitalization of $523.91 million, a P/E ratio of -34.83, a PEG ratio of 0.89 and a beta of 0.87. LSB Industries has a 12-month low of $6.74 and a 12-month high of $10.40. The stock's 50 day simple moving average is $8.14 and its 200-day simple moving average is $8.25. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LXU. Royal Bank of Canada reiterated an "outperform" rating and issued a $10.00 price target on shares of LSB Industries in a research report on Monday, November 4th. Piper Sandler raised LSB Industries from an "underweight" rating to an "overweight" rating and lifted their target price for the company from $9.00 to $11.00 in a report on Monday, January 13th.

LSB Industries Company Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.