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.

TRADEMARK VIOLATION WARNING: “LSC Communications Inc (LKSD) Expected to Announce Quarterly Sales of $926.60 Million” was first reported by American Banking News and is owned by of American Banking News. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/09/17/lsc-communications-inc-lksd-expected-to-announce-quarterly-sales-of-926-60-million.html.

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.

Get a free copy of the Zacks research report on LSC Communications (LKSD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for LSC Communications Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSC Communications Inc and related companies with MarketBeat.com's FREE daily email newsletter.