Lexmark International Inc. (LXK) Releases Q4 Earnings Guidance
Lexmark International Inc. (NYSE:LXK) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.07-1.17 for the period, compared to the Thomson Reuters consensus estimate of $1.12, Stock Ratings News reports.
A number of research firms have recently commented on LXK. Analysts at Tigress Financial upgraded shares of Lexmark International from a buy rating to a strong-buy rating in a research note to investors on Thursday, October 17th. On a related note, analysts at TheStreet upgraded shares of Lexmark International from a hold rating to a buy rating in a research note to investors on Wednesday, August 21st. Finally, analysts at Zacks reiterated a neutral rating on shares of Lexmark International in a research note to investors on Friday, August 16th. They now have a $42.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $29.50.
Lexmark International Inc. (NYSE:LXK) opened at 35.81 on Tuesday. Lexmark International Inc. has a 52-week low of $20.93 and a 52-week high of $41.45. The stock has a 50-day moving average of $33.95 and a 200-day moving average of $32.7. The company has a market cap of $2.242 billion and a P/E ratio of 18.10.
Lexmark International (NYSE:LXK) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.91 by $0.04. The company had revenue of $890.00 million for the quarter, compared to the consensus estimate of $873.30 million. During the same quarter last year, the company posted $0.94 earnings per share. Lexmark International’s revenue was down 2.7% compared to the same quarter last year. Analysts expect that Lexmark International Inc. will post $3.84 EPS for the current fiscal year.
Lexmark International, Inc (NYSE:LXK) is a developer, manufacturer and supplier of printing, imaging, device management, managed print services, document workflow, and also provides business process and content management solutions.
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