Lexmark International (LXK) Announces Quarterly Earnings, Beats Estimates By $0.05 EPS
Lexmark International (NYSE:LXK) posted its quarterly earnings results on Tuesday. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.05, American Banking News.com reports. The company had revenue of $877.70 million for the quarter, compared to the consensus estimate of $855.80 million.
Lexmark International (NYSE:LXK) opened at 46.77 on Tuesday. Lexmark International has a one year low of $26.00 and a one 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 11.27.
On the ratings front, 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 issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target 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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