LSC Communications Inc (LKSD) Receives Average Rating of “Hold” from Brokerages
LSC Communications Inc (NASDAQ:LKSD) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $24.50.
Several equities research analysts have issued reports on the stock. Citigroup Inc. lowered shares of LSC Communications from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. J P Morgan Chase & Co started coverage on shares of LSC Communications in a report on Friday, July 21st. They issued a “neutral” rating on the stock. BidaskClub upgraded shares of LSC Communications from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, Zacks Investment Research raised shares of LSC Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 6th.
LSC Communications (NASDAQ LKSD) opened at 17.93 on Wednesday. The stock has a 50 day moving average of $16.78 and a 200 day moving average of $16.78. LSC Communications has a 12 month low of $15.05 and a 12 month high of $30.74. The firm has a market capitalization of $625.60 million and a PE ratio of 11.79.
LSC Communications (NASDAQ:LKSD) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.09). The firm had revenue of $848.00 million during the quarter, compared to the consensus estimate of $876.38 million. LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities analysts predict that LSC Communications will post $2.15 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.58%.
In other LSC Communications news, Director Shivan S. Subramaniam bought 3,500 shares of LSC Communications stock in a transaction that occurred on Monday, September 11th. The shares were bought 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 SEC, which is accessible through this hyperlink.
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in LSC Communications by 59.1% during the second quarter. BlackRock Inc. now owns 4,701,098 shares of the company’s stock valued at $100,603,000 after buying an additional 1,746,936 shares during the period. Vanguard Group Inc. grew its stake in shares of LSC Communications by 43.0% during the second quarter. Vanguard Group Inc. now owns 4,434,192 shares of the company’s stock valued at $94,891,000 after buying an additional 1,333,143 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of LSC Communications by 12.1% during the second quarter. Bank of New York Mellon Corp now owns 1,129,140 shares of the company’s stock valued at $24,164,000 after buying an additional 121,904 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of LSC Communications by 91.7% during the first quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock valued at $21,252,000 after buying an additional 404,126 shares during the last quarter. Finally, State Street Corp grew its stake in shares of LSC Communications by 34.5% during the second quarter. State Street Corp now owns 838,168 shares of the company’s stock valued at $17,941,000 after buying an additional 214,943 shares during the last quarter.
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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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