$0.70 EPS Expected for LSC Communications Inc (LKSD) This Quarter
Brokerages expect that LSC Communications Inc (NASDAQ:LKSD) will post earnings of $0.70 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for LSC Communications’ earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.76. LSC Communications posted earnings of $1.27 per share during the same quarter last year, which would indicate a negative year over year growth rate of 44.9%. The firm is expected to issue its next earnings report on Thursday, November 9th.
On average, analysts expect that LSC Communications will report full year earnings of $2.16 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.16. For the next year, analysts anticipate that the firm will post earnings of $2.27 per share, with EPS estimates ranging from $2.12 to $2.45. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover LSC Communications.
LSC Communications (NASDAQ:LKSD) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.09). LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. The firm had revenue of $848.00 million during the quarter, compared to the consensus estimate of $876.38 million. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis.
LKSD has been the subject of several recent research reports. J P Morgan Chase & Co initiated coverage on LSC Communications in a report on Friday, July 21st. They issued a “neutral” rating for the company. Bank of America Corporation initiated coverage on LSC Communications in a report on Wednesday, May 24th. They issued a “neutral” rating and a $24.00 price target for the company. Citigroup Inc. initiated coverage on LSC Communications in a report on Tuesday, May 30th. They issued a “neutral” rating and a $23.00 price target for the company. Finally, Zacks Investment Research cut LSC Communications from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $24.00.
Shares of LSC Communications (NASDAQ LKSD) opened at 16.44 on Friday. The company has a market cap of $573.61 million and a P/E ratio of 10.81. LSC Communications has a 1-year low of $16.12 and a 1-year high of $37.40. The firm has a 50-day moving average price of $16.65 and a 200-day moving average price of $22.90.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 15th were issued a $0.25 dividend. The ex-dividend date was Friday, August 11th. This represents a $1.00 annualized dividend and a dividend yield of 6.08%.
In related news, Director Shivan S. Subramaniam purchased 3,500 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average price of $16.41 per share, with a total value of $57,435.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Several large investors have recently bought and sold shares of the stock. WINTON GROUP Ltd increased its holdings in shares of LSC Communications by 57.2% in the second quarter. WINTON GROUP Ltd now owns 35,826 shares of the company’s stock valued at $767,000 after purchasing an additional 13,039 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of LSC Communications by 15.2% in the second quarter. California State Teachers Retirement System now owns 60,107 shares of the company’s stock valued at $1,286,000 after purchasing an additional 7,913 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of LSC Communications by 2,812.4% in the second quarter. The Manufacturers Life Insurance Company now owns 25,862 shares of the company’s stock valued at $554,000 after purchasing an additional 24,974 shares during the last quarter. State Street Corp increased its holdings in shares of LSC Communications by 34.5% in the second quarter. State Street Corp now owns 838,168 shares of the company’s stock valued at $17,941,000 after purchasing an additional 214,943 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of LSC Communications in the second quarter valued at approximately $205,000.
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About LSC Communications
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.
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