Wall Street brokerages expect that LSC Communications Inc (NASDAQ:LKSD) will announce $926.60 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for LSC Communications’ earnings, with the highest sales estimate coming in at $933.00 million and the lowest estimate coming in at $920.20 million. LSC Communications posted sales of $948.50 million in the same quarter last year, which suggests a negative year over year growth rate of 2.3%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, November 2nd.

On average, analysts expect that LSC Communications will report full year sales of $926.60 million for the current financial year, with estimates ranging from $3.50 billion to $3.55 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.50 billion per share, with estimates ranging from $3.42 billion to $3.57 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for 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). The firm had revenue of $848.00 million during 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 business’s revenue was down 6.4% compared to the same quarter last year.

A number of equities analysts have recently commented 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. Zacks Investment Research raised shares of LSC Communications from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. BidaskClub raised shares of 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 shares of LSC Communications in a research report on Friday, July 21st. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. LSC Communications presently has a consensus rating of “Hold” and a consensus price target of $24.00.

LSC Communications (NASDAQ:LKSD) opened at 16.59 on Tuesday. The stock has a 50 day moving average of $16.67 and a 200 day moving average of $19.82. The stock has a market capitalization of $578.84 million and a P/E ratio of 10.91. LSC Communications has a 52 week low of $15.05 and a 52 week high of $30.74.

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In other news, Director Shivan S. Subramaniam purchased 3,500 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through the SEC website.

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in LSC Communications during the second quarter worth $138,000. Sei Investments Co. increased its position in LSC Communications by 53.3% during 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 increased its position in LSC Communications by 85.3% during 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 increased its position in LSC Communications by 32.1% during 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 position in LSC Communications during the second quarter worth $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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