Analysts Expect LSC Communications Inc (NASDAQ:LKSD) Will Post Quarterly Sales of $926.60 Million
Analysts expect that LSC Communications Inc (NASDAQ:LKSD) will announce $926.60 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for LSC Communications’ earnings, with estimates ranging from $920.20 million to $933.00 million. LSC Communications posted sales of $948.50 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.3%. The business is expected to announce its next quarterly earnings results on Thursday, November 9th.
On average, analysts expect that LSC Communications will report full-year sales of $926.60 million for the current financial year, with estimates ranging from $3.50 billion to $3.55 billion. For the next financial year, analysts anticipate that the company will post sales of $3.50 billion per share, with estimates ranging from $3.42 billion to $3.57 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover LSC Communications.
LSC Communications (NASDAQ:LKSD) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.68 by $0.09. LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The business had revenue of $848 million for the quarter, compared to analyst estimates of $876.38 million. The business’s revenue for the quarter was down 6.4% on a year-over-year basis.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised LSC Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. J P Morgan Chase & Co assumed coverage on LSC Communications in a report on Friday, July 21st. They set a “neutral” rating for the company. Citigroup Inc. assumed coverage on LSC Communications in a report on Tuesday, May 30th. They set a “neutral” rating and a $23.00 price target for the company. Finally, Bank of America Corporation assumed coverage on LSC Communications in a report on Wednesday, May 24th. They set a “neutral” rating and a $24.00 price target for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.00.
LSC Communications (LKSD) traded up 1.73% during trading on Friday, hitting $16.51. 185,612 shares of the stock traded hands. The firm’s 50-day moving average is $20.41 and its 200-day moving average is $23.36. The stock has a market cap of $576.05 million and a P/E ratio of 10.85. LSC Communications has a 12 month low of $15.07 and a 12 month high of $37.40.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend is Friday, August 11th.
In other LSC Communications news, Director Shivan S. Subramaniam bought 5,000 shares of LSC Communications stock in a transaction on Friday, August 4th. The stock was bought at an average price of $17.18 per share, with a total value of $85,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of large investors have recently added to or reduced their stakes in LKSD. Nuveen Asset Management LLC boosted its position in shares of LSC Communications by 91.7% in the first quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock worth $21,252,000 after buying an additional 404,126 shares in the last quarter. Peregrine Capital Management LLC boosted its position in shares of LSC Communications by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 403,556 shares of the company’s stock worth $8,636,000 after buying an additional 8,082 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of LSC Communications by 4.3% in the second quarter. Capstone Asset Management Co. now owns 15,953 shares of the company’s stock worth $341,000 after buying an additional 656 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of LSC Communications by 85.3% in the second quarter. State of Alaska Department of Revenue now owns 6,652 shares of the company’s stock worth $142,000 after buying an additional 3,062 shares in the last quarter. Finally, Texas Permanent School Fund boosted its position in shares of LSC Communications by 5.5% in the second quarter. Texas Permanent School Fund now owns 24,781 shares of the company’s stock worth $530,000 after buying an additional 1,289 shares in the last quarter.
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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