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Lexmark International Inc. (NYSE:LXK) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.80-0.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.85, Stock Ratings News reports. The company issued revenue guidance of -3 to -5% to ~$840-857.8 million, compared to the consensus revenue estimate of $842.22 million.

A number of research firms have recently commented on LXK. Analysts at Ned Davis Research upgraded shares of Lexmark International from a neutral rating to a buy rating in a research note to investors on Monday, December 23rd. Analysts at Barclays upgraded shares of Lexmark International from an underweight rating to an equal weight rating in a research note to investors on Friday, December 20th. They now have a $37.00 price target on the stock. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $29.50.

Shares of Lexmark International Inc. (NYSE:LXK) opened at 34.92 on Tuesday. Lexmark International Inc. has a one year low of $21.65 and a one year high of $41.45. The stock’s 50-day moving average is $35. and its 200-day moving average is $35.54. The company has a market cap of $2.168 billion and a price-to-earnings ratio of 14.20.

Lexmark International (NYSE:LXK) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.10 by $0.08. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $929.45 million. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts expect that Lexmark International Inc. will post $3.88 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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