LSC Communications Inc (LKSD) Receives Average Rating of “Hold” from Brokerages
Shares of LSC Communications Inc (NYSE:LKSD) have received an average rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $24.00.
LKSD has been the subject of a number of analyst reports. Zacks Investment Research lowered LSC Communications from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. ValuEngine raised LSC Communications from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 9th. Finally, Citigroup raised LSC Communications from a “sell” rating to a “neutral” rating and set a $23.00 price target for the company in a report on Tuesday, November 14th.
Several hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System raised its position in shares of LSC Communications by 15.2% in the second quarter. California State Teachers Retirement System now owns 60,107 shares of the company’s stock worth $1,286,000 after buying an additional 7,913 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of LSC Communications by 2,812.4% in the second quarter. The Manufacturers Life Insurance Company now owns 25,862 shares of the company’s stock worth $554,000 after buying an additional 24,974 shares in the last quarter. State Street Corp raised its position in shares of LSC Communications by 34.5% in the second quarter. State Street Corp now owns 838,168 shares of the company’s stock worth $17,941,000 after buying an additional 214,943 shares in the last quarter. Voya Investment Management LLC raised its position 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 worth $317,000 after buying an additional 946 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of LSC Communications by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 515,900 shares of the company’s stock worth $11,040,000 after buying an additional 25,792 shares in the last quarter. Institutional investors own 86.26% of the company’s stock.
LSC Communications (NYSE:LKSD) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.50 EPS for the quarter, missing the Zacks’ 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 company had revenue of $999.00 million during the quarter, compared to the consensus estimate of $947.67 million. During the same period in the previous year, the business earned $0.48 earnings per share. LSC Communications’s revenue was up 8.7% on a year-over-year basis. research analysts anticipate that LSC Communications will post 2.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Thursday, February 15th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date of this dividend was Wednesday, February 14th. This is an increase from LSC Communications’s previous quarterly dividend of $0.25. LSC Communications’s dividend payout ratio (DPR) is -63.03%.
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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