LSC Communications Inc (LKSD) Expected to Announce Quarterly Sales of $926.60 Million
Wall Street analysts predict that LSC Communications Inc (NASDAQ:LKSD) will announce sales of $926.60 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for LSC Communications’ earnings. The lowest sales estimate is $920.20 million and the highest is $933.00 million. LSC Communications reported sales of $948.50 million during the same quarter last year, which would suggest a negative year over year growth rate of 2.3%. The business is expected to announce its next earnings results on Thursday, November 9th.
On average, analysts expect that LSC Communications will report full-year sales of $926.60 million for the current fiscal year, with estimates ranging from $3.50 billion to $3.55 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.50 billion per share, with estimates ranging from $3.42 billion to $3.57 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover LSC Communications.
LSC Communications (NASDAQ:LKSD) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.09). The company had revenue of $848.00 million for the quarter, compared to analysts’ expectations of $876.38 million. LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year.
A number of research firms have recently weighed in on LKSD. Bank of America Corporation began coverage on shares of LSC Communications in a research note on Wednesday, May 24th. They set a “neutral” rating and a $24.00 price target on the stock. Zacks Investment Research raised shares of LSC Communications from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. J P Morgan Chase & Co began coverage on shares of LSC Communications in a research note on Friday, July 21st. They set a “neutral” rating on the stock. Finally, Citigroup Inc. began coverage on shares of LSC Communications in a research note on Tuesday, May 30th. They set a “neutral” rating and a $23.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.00.
LSC Communications (NASDAQ:LKSD) traded up 1.89% during trading on Friday, reaching $16.75. 428,532 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $16.67 and its 200-day moving average price is $21.54. The stock has a market cap of $584.42 million and a P/E ratio of 10.88. LSC Communications has a one year low of $15.07 and a one year high of $37.40.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.00 annualized dividend and a dividend yield of 5.97%.
In other LSC Communications news, Director Shivan S. Subramaniam acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were acquired at an average cost of $17.18 per share, for a total transaction of $85,900.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new stake in shares of LSC Communications in the 2nd quarter worth about $776,000. Nuveen Asset Management LLC boosted its position in shares of LSC Communications by 91.7% in the 1st quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock worth $21,252,000 after buying an additional 404,126 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of LSC Communications by 1,535.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 108,638 shares of the company’s stock worth $2,325,000 after buying an additional 101,996 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of LSC Communications by 0.4% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 705,744 shares of the company’s stock worth $15,103,000 after buying an additional 2,473 shares in the last quarter. Finally, Kennedy Capital Management Inc. boosted its position in shares of LSC Communications by 7.9% in the 2nd quarter. Kennedy Capital Management Inc. now owns 713,406 shares of the company’s stock worth $15,267,000 after buying an additional 52,269 shares in the last quarter.
LSC Communications Company Profile
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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