Brokerages Expect LSC Communications Inc (LKSD) to Announce $0.70 Earnings Per Share
Analysts predict that LSC Communications Inc (NASDAQ:LKSD) will announce earnings of $0.70 per share for the current quarter, according to Zacks. Two analysts have made estimates for LSC Communications’ earnings, with estimates ranging from $0.63 to $0.76. LSC Communications reported 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 business is scheduled to report its next earnings results 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 financial year, analysts expect that the business will post earnings of $2.27 per share, with EPS estimates ranging from $2.12 to $2.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover LSC Communications.
LSC Communications (NASDAQ:LKSD) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.09). The business had revenue of $848.00 million during the quarter, compared to the consensus estimate of $876.38 million. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. LSC Communications’s revenue for the quarter was down 6.4% compared to the same quarter last year.
Several analysts have weighed in on the company. Zacks Investment Research upgraded LSC Communications from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. J P Morgan Chase & Co began coverage on LSC Communications in a research note on Friday, July 21st. They set a “neutral” rating for the company. BidaskClub upgraded shares of LSC Communications from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Finally, Citigroup Inc. cut shares of LSC Communications from a “neutral” rating to a “sell” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.00.
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Shares of LSC Communications (LKSD) traded up 9.80% on Tuesday, reaching $17.93. The company had a trading volume of 322,518 shares. The company has a market capitalization of $625.60 million and a PE ratio of 11.79. LSC Communications has a one year low of $15.05 and a one year high of $30.74. The company’s 50-day moving average is $16.71 and its 200-day moving average is $16.71.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend was Friday, August 11th.
In other LSC Communications news, Director Shivan S. Subramaniam acquired 3,500 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were purchased at an average cost of $16.41 per share, for a total transaction of $57,435.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of LSC Communications during the second quarter valued at approximately $138,000. Sei Investments Co. lifted its stake in LSC Communications by 53.3% in the second quarter. Sei Investments Co. now owns 6,508 shares of the company’s stock worth $139,000 after acquiring an additional 2,263 shares during the period. State of Alaska Department of Revenue lifted its stake in LSC Communications by 85.3% in the second quarter. State of Alaska Department of Revenue now owns 6,652 shares of the company’s stock worth $142,000 after acquiring an additional 3,062 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in LSC Communications by 32.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,020 shares of the company’s stock worth $172,000 after acquiring an additional 1,950 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in LSC Communications in the second quarter valued at $205,000.
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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