Brokerages expect LSC Communications Inc (NYSE:LKSD) to post sales of $945.87 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for LSC Communications’ earnings. The highest sales estimate is $946.00 million and the lowest is $945.74 million. LSC Communications posted sales of $919.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.9%. The business 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 year. For the next fiscal year, analysts forecast that the business will post sales of $3.54 billion per share, with estimates ranging from $3.52 billion to $3.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for LSC Communications.
A number of research analysts have recently issued reports on LKSD shares. BidaskClub downgraded shares of LSC Communications from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Citigroup upgraded shares of LSC Communications from a “sell” rating to a “neutral” rating and set a $23.00 target price for the company in a research note on Tuesday, November 14th. Zacks Investment Research cut shares of LSC Communications from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Finally, ValuEngine upgraded shares of LSC Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.00.
LSC Communications (NYSE:LKSD) traded up $0.08 during midday trading on Thursday, reaching $12.89. 309,638 shares of the company’s stock were exchanged, compared to its average volume of 248,396. The company has a quick ratio of 1.10, a current ratio of 1.42 and a debt-to-equity ratio of 2.47. The stock has a market cap of $449.15, a P/E ratio of 44.45, a price-to-earnings-growth ratio of -2.88 and a beta of 3.43. LSC Communications has a 1-year low of $12.30 and a 1-year high of $28.96.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 15th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, February 14th. This is a boost from LSC Communications’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 8.07%. LSC Communications’s dividend payout ratio (DPR) is 344.84%.
A number of hedge funds have recently added to or reduced their stakes in LKSD. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of LSC Communications in the 2nd quarter valued at $205,000. AHL Partners LLP boosted its position in shares of LSC Communications by 0.7% during the 2nd quarter. AHL Partners LLP now owns 9,967 shares of the company’s stock valued at $213,000 after acquiring an additional 72 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of LSC Communications by 6.8% during the 2nd quarter. Voya Investment Management LLC now owns 14,812 shares of the company’s stock valued at $317,000 after acquiring an additional 946 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of LSC Communications during the 2nd quarter valued at about $481,000. Finally, Nationwide Fund Advisors boosted its position in shares of LSC Communications by 1,128.4% during the 2nd quarter. Nationwide Fund Advisors now owns 22,873 shares of the company’s stock valued at $489,000 after acquiring an additional 21,011 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LSC Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSC Communications and related companies with MarketBeat.com's FREE daily email newsletter.