Wall Street analysts forecast that LSC Communications Inc (NYSE:LKSD) will announce sales of $861.02 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for LSC Communications’ earnings. The lowest sales estimate is $853.80 million and the highest is $868.23 million. LSC Communications posted sales of $821.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.9%. The business is scheduled to issue its next earnings report on Thursday, May 3rd.
On average, analysts expect that LSC Communications will report full year sales of $861.02 million for the current fiscal year, with estimates ranging from $3.68 billion to $3.75 billion. For the next year, analysts anticipate that the business will report sales of $3.68 billion per share, with estimates ranging from $3.63 billion to $3.74 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover LSC Communications.
LSC Communications (NYSE:LKSD) last issued its earnings results on Thursday, February 22nd. The company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.16). LSC Communications had a positive return on equity of 25.28% and a negative net margin of 1.58%. The firm had revenue of $999.00 million during the quarter, compared to analysts’ expectations of $947.67 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. LSC Communications’s quarterly revenue was up 8.7% compared to the same quarter last year.
Shares of LSC Communications (NYSE LKSD) opened at $16.64 on Wednesday. LSC Communications has a 1-year low of $11.79 and a 1-year high of $26.73. The firm has a market capitalization of $583.31, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.36 and a quick ratio of 1.05.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Thursday, February 15th were paid a dividend of $0.26 per share. This is a boost from LSC Communications’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend was Wednesday, February 14th. LSC Communications’s dividend payout ratio is -63.03%.
Several hedge funds and other institutional investors have recently modified their holdings of LKSD. Voya Investment Management LLC lifted its stake in shares of LSC Communications by 6.8% during the 2nd quarter. Voya Investment Management LLC now owns 14,812 shares of the company’s stock worth $317,000 after purchasing an additional 946 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of LSC Communications by 2,812.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,862 shares of the company’s stock worth $554,000 after purchasing an additional 24,974 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of LSC Communications by 15.2% during the 2nd quarter. California State Teachers Retirement System now owns 60,107 shares of the company’s stock worth $1,286,000 after purchasing an additional 7,913 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of LSC Communications by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 515,900 shares of the company’s stock worth $11,040,000 after purchasing an additional 25,792 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of LSC Communications by 34.5% during the 2nd quarter. State Street Corp now owns 838,168 shares of the company’s stock worth $17,941,000 after purchasing an additional 214,943 shares during the last quarter. Hedge funds and other institutional investors own 87.31% of the company’s stock.
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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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