Wall Street analysts expect that LSC Communications Inc (NYSE:LKSD) will report sales of $945.87 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for LSC Communications’ earnings, with the lowest sales estimate coming in at $945.74 million and the highest estimate coming in at $946.00 million. LSC Communications posted sales of $919.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.9%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, February 22nd.
On average, analysts expect that LSC Communications will report full year sales of $945.87 million for the current fiscal year. For the next year, analysts anticipate that the company will post sales of $3.54 billion per share, with estimates ranging from $3.52 billion to $3.55 billion. Zacks’ sales averages are an average based on a survey of research firms that cover LSC Communications.
LSC Communications (NYSE:LKSD) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. LSC Communications had a net margin of 0.28% and a return on equity of 24.72%. The company 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 posted $1.26 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year.
LKSD has been the subject of several research reports. Citigroup lowered shares of LSC Communications from a “neutral” rating to a “sell” rating in a report on Friday, September 29th. BidaskClub upgraded shares of LSC Communications from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Zacks Investment Research lowered shares of LSC Communications from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Finally, ValuEngine upgraded shares of LSC Communications from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.00.
LSC Communications (LKSD) opened at $14.42 on Monday. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.42 and a quick ratio of 1.10. LSC Communications has a 1-year low of $13.72 and a 1-year high of $28.96. The company has a market cap of $502.47, a price-to-earnings ratio of 49.73, a price-to-earnings-growth ratio of -3.22 and a beta of 5.96.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, February 14th. This is a positive change from LSC Communications’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 7.21%. LSC Communications’s dividend payout ratio is 344.84%.
Several institutional investors have recently modified their holdings of LKSD. Schwab Charles Investment Management Inc. increased its stake in shares of LSC Communications by 127.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 231,396 shares of the company’s stock worth $4,952,000 after acquiring an additional 129,773 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of LSC Communications in the 2nd quarter worth about $138,000. Legal & General Group Plc increased its stake in shares of LSC Communications by 19.0% in the 2nd quarter. Legal & General Group Plc now owns 90,665 shares of the company’s stock worth $1,939,000 after acquiring an additional 14,501 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of LSC Communications by 10.1% in the 2nd quarter. Prudential Financial Inc. now owns 69,783 shares of the company’s stock worth $1,494,000 after acquiring an additional 6,410 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its stake in shares of LSC Communications by 21.7% in the 2nd quarter. State of Tennessee Treasury Department now owns 30,887 shares of the company’s stock worth $661,000 after acquiring an additional 5,510 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.
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LSC Communications Company Profile
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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