Zacks: Brokerages Anticipate LSC Communications Inc (LKSD) Will Announce Quarterly Sales of $945.87 Million

Brokerages expect LSC Communications Inc (NYSE:LKSD) to post sales of $945.87 million for the current quarter, Zacks reports. Two analysts have made estimates for LSC Communications’ earnings, with the highest sales estimate coming in at $946.00 million and the lowest estimate coming in at $945.74 million. LSC Communications reported sales of $919.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.9%. The business is expected to announce its next quarterly earnings results before the market opens on Thursday, February 22nd.

According to Zacks, analysts expect that LSC Communications will report full year sales of $945.87 million for the current financial year. For the next year, analysts anticipate that the firm will post sales of $3.54 billion per share, with estimates ranging from $3.52 billion to $3.55 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow LSC Communications.

Several equities analysts recently weighed in on LKSD shares. BidaskClub downgraded LSC Communications from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded LSC Communications from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. ValuEngine upgraded LSC Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 9th. Finally, Citigroup upgraded LSC Communications from a “sell” rating to a “neutral” rating and set a $23.00 target price on the stock in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $24.00.

Large investors have recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of LSC Communications in the second quarter valued at about $205,000. AHL Partners LLP grew its stake in shares of LSC Communications by 0.7% in the second quarter. AHL Partners LLP now owns 9,967 shares of the company’s stock valued at $213,000 after buying an additional 72 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of LSC Communications by 6.8% in the second quarter. Voya Investment Management LLC now owns 14,812 shares of the company’s stock valued at $317,000 after buying an additional 946 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of LSC Communications in the second quarter valued at about $481,000. Finally, Nationwide Fund Advisors grew its stake in shares of LSC Communications by 1,128.4% in the second quarter. Nationwide Fund Advisors now owns 22,873 shares of the company’s stock valued at $489,000 after buying an additional 21,011 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

LSC Communications (LKSD) opened at $13.30 on Thursday. LSC Communications has a 12-month low of $12.52 and a 12-month high of $28.96. The firm has a market capitalization of $444.62, a PE ratio of 45.86, a P/E/G ratio of -2.85 and a beta of 3.43. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.10 and a current ratio of 1.42.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, February 14th. This is a positive change from LSC Communications’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 7.82%. LSC Communications’s dividend payout ratio is currently 344.84%.

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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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