LSC Communications Inc (NASDAQ:LKSD) declared a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.25 per share on Monday, December 4th. This represents a $1.00 annualized dividend and a yield of 6.82%. The ex-dividend date is Tuesday, November 14th.
Shares of LSC Communications (LKSD) traded up $0.38 during midday trading on Friday, reaching $14.67. 247,439 shares of the company’s stock traded hands, compared to its average volume of 277,312. LSC Communications has a 1-year low of $13.74 and a 1-year high of $30.74.
LSC Communications (NASDAQ:LKSD) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The business had revenue of $935.00 million during the quarter, compared to analyst estimates of $928.67 million. During the same period in the prior year, the business earned $1.26 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis.
LKSD has been the subject of several research reports. Zacks Investment Research upgraded shares of LSC Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. J P Morgan Chase & Co initiated coverage on shares of LSC Communications in a research note on Friday, July 21st. They issued a “neutral” rating for the company. Citigroup Inc. lowered shares of LSC Communications from a “neutral” rating to a “sell” rating in a research note on Friday, September 29th. Finally, BidaskClub upgraded shares of LSC Communications from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $24.00.
In other LSC Communications news, Director Shivan S. Subramaniam purchased 3,500 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average cost of $16.41 per share, for a total transaction of $57,435.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
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About LSC Communications
LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.
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