Lexmark International Inc. (LXK) Sees Large Volume Increase
Shares of Lexmark International Inc. (NYSE:LXK) saw unusually-strong trading volume on Tuesday . Approximately 1,024,553 shares changed hands during trading, an increase of 110% from the previous session’s volume of 488,626 shares.The stock last traded at $35.85 and had previously closed at $35.78.
Separately, Zacks Investment Research lowered shares of Lexmark International from a “hold” rating to a “strong sell” rating in a report on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Lexmark International presently has a consensus rating of “Hold” and an average target price of $34.38.
The company has a 50-day moving average of $36.28 and a 200-day moving average of $35.48. The firm’s market capitalization is $2.26 billion.
Lexmark International (NYSE:LXK) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. During the same period in the prior year, the business posted $0.97 earnings per share. The business had revenue of $865 million for the quarter, compared to analysts’ expectations of $855.23 million. On average, analysts predict that Lexmark International Inc. will post $2.38 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, September 2nd will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Wednesday, August 31st.
Lexmark International, Inc is a developer, manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. The Company operates through two segments: Imaging Solutions and Services (ISS) and Enterprise Software.
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