Lexmark International Inc. (LXK) Updates Q2 Earnings Guidance
Lexmark International Inc. (NYSE:LXK) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.85-0.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.94, Analyst Ratings Network reports. The company issued revenue guidance of -2 to -4% to ~$851.2-869 million, compared to the consensus revenue estimate of $857.34 million.
Shares of Lexmark International Inc. (NYSE:LXK) opened at 46.77 on Tuesday. Lexmark International Inc. has a 1-year low of $26.00 and a 1-year high of $47.98. The stock has a 50-day moving average of $44.4 and a 200-day moving average of $38.60. The company has a market cap of $2.879 billion and a price-to-earnings ratio of 11.46.
Lexmark International (NYSE:LXK) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.05. The company had revenue of $877.70 million for the quarter, compared to the consensus estimate of $855.80 million. During the same quarter last year, the company posted $0.88 earnings per share. Lexmark International’s revenue was down .7% compared to the same quarter last year. On average, analysts predict that Lexmark International Inc. will post $3.91 earnings per share for the current fiscal year.
On a related note, analysts at Zacks reiterated a neutral rating on shares of Lexmark International in a research note on Thursday, January 30th. They now have a $41.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $31.33.
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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