Analysts predict that LSC Communications Inc (NASDAQ:LKSD) will report $926.60 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for LSC Communications’ earnings, with estimates ranging from $920.20 million to $933.00 million. LSC Communications posted sales of $948.50 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.3%. The company is expected to issue its next quarterly earnings report on Thursday, November 9th.

On average, analysts expect that LSC Communications will report full-year sales of $926.60 million for the current year, with estimates ranging from $3.50 billion to $3.55 billion. For the next financial year, analysts forecast that the business will report sales of $3.50 billion per share, with estimates ranging from $3.42 billion to $3.57 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover LSC Communications.

LSC Communications (NASDAQ:LKSD) last announced its earnings results 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). LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The company had revenue of $848.00 million during the quarter, compared to analysts’ expectations of $876.38 million. The company’s quarterly revenue was down 6.4% on a year-over-year basis.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded LSC Communications from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Citigroup Inc. downgraded LSC Communications from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. BidaskClub upgraded LSC Communications from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, J P Morgan Chase & Co assumed coverage on LSC Communications in a research report on Friday, July 21st. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. LSC Communications presently has a consensus rating of “Hold” and an average price target of $24.00.

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In other news, Director Shivan S. Subramaniam bought 3,500 shares of the business’s stock in a transaction on Monday, September 11th. The stock was purchased at an average cost of $16.41 per share, for a total transaction of $57,435.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in LSC Communications in the second quarter worth approximately $138,000. Sei Investments Co. lifted its position 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 purchasing an additional 2,263 shares during the period. State of Alaska Department of Revenue lifted its position 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 purchasing an additional 3,062 shares during the period. Municipal Employees Retirement System of Michigan lifted its position 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 purchasing an additional 1,950 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in LSC Communications in the second quarter worth approximately $205,000.

Shares of LSC Communications (LKSD) opened at 17.27 on Thursday. The firm has a market capitalization of $602.57 million and a PE ratio of 11.35. The stock has a 50 day moving average price of $16.81 and a 200 day moving average price of $16.81. LSC Communications has a 12-month low of $15.05 and a 12-month high of $30.74.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders 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 dividend on an annualized basis and a yield of 5.79%.

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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