LSB Industries (NYSE:LXU) Issues Quarterly Earnings Results, Beats Expectations By $0.40 EPS
LSB Industries (NYSE:LXU) released its quarterly earnings results on Wednesday. The conglomerate reported ($0.34) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.74) by $0.40, MarketWatch Earnings reports. LSB Industries had a negative return on equity of 22.92% and a negative net margin of 20.13%.
NYSE LXU traded up $0.04 during midday trading on Thursday, hitting $1.15. The company had a trading volume of 11,901 shares, compared to its average volume of 339,017. The company has a market capitalization of $33.67 million, a PE ratio of -0.30 and a beta of 2.75. The company has a current ratio of 1.42, a quick ratio of 1.18 and a debt-to-equity ratio of 2.22. The firm has a 50-day moving average price of $1.16 and a 200-day moving average price of $1.87. LSB Industries has a twelve month low of $1.00 and a twelve month high of $6.76.
Separately, Zacks Investment Research downgraded LSB Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, July 22nd.
LSB Industries, Inc manufactures and sells chemical products for the agricultural, mining, and industrial markets in the United States. It provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.
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