Lexmark International Announces Quarterly Dividend of $0.30 (LXK)
Lexmark International (NYSE:LXK) announced a quarterly dividend on Thursday, February 21st. Investors of record on Monday, March 4th will be paid a dividend of $0.30 per share on Friday, March 15th. This represents a $1.20 annualized dividend and a dividend yield of 5.42%.
Several analysts have also recently commented on the stock. Analysts at Citigroup reiterated a “sell” rating on shares of Lexmark International in a research note to investors on Wednesday, January 30th. They now have a $21.00 price target on the stock, up previously from $19.00. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Lexmark International in a research note to investors on Wednesday, January 30th. They now have a $25.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Lexmark International from a “hold” rating to a “buy” rating in a research note to investors on Monday, January 28th.
Four investment analysts have rated the stock with a hold rating, one has given an underweight rating, and seven have issued a sell rating to the company’s stock. The stock has a consensus rating of “underweight” and an average price target of $20.38.
Shares of Lexmark International (LXK) traded up 0.54% during mid-day trading on Thursday, hitting $22.25. Lexmark International (LXK) has a 52 week low of $16.10 and a 52 week high of $37.73. The stock’s 50-day moving average is currently $25.29. The company has a market cap of $1.437 billion and a P/E ratio of 13.44.
Lexmark International last announced its earnings results on Tuesday, January 29th. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.90 by $0.29. The company had revenue of $967.00 million for the quarter, compared to the consensus estimate of $934.03 million. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. Lexmark International has set its Q1 guidance at $0.80-0.90 EPS. Analysts expect that Lexmark International (LXK) will post $3.81 EPS for the current fiscal year.
Lexmark International, Inc. (Lexmark) is engaged in developing, manufacturing and supplying printing, imaging, document workflow, and content management solutions for the office.
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