LSC Communications Inc (LKSD) Posts Earnings Results, Beats Expectations By $0.03 EPS
LSC Communications Inc (NASDAQ:LKSD) issued its quarterly earnings data on Thursday. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03, Bloomberg Earnings reports. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $928.67 million. During the same quarter last year, the business posted $1.26 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 6.36%.
A number of brokerages recently issued reports on LKSD. BidaskClub downgraded LSC Communications from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research upgraded LSC Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Citigroup Inc. downgraded LSC Communications from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. Finally, J P Morgan Chase & Co assumed coverage on LSC Communications in a research report on Friday, July 21st. They set a “neutral” rating on the stock. 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.00.
In other LSC Communications news, Director Shivan S. Subramaniam bought 3,500 shares of the firm’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 transaction was disclosed in a filing with the SEC, which is available at this link.
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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