$926.60 Million in Sales Expected for LSC Communications Inc (LKSD) This Quarter
Wall Street brokerages expect LSC Communications Inc (NASDAQ:LKSD) to report sales of $926.60 million for the current quarter, according to Zacks. Two analysts have issued estimates for LSC Communications’ earnings, with the highest sales estimate coming in at $933.00 million and the lowest estimate coming in at $920.20 million. LSC Communications reported sales of $948.50 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.3%. The business is scheduled to report 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 fiscal year, analysts forecast 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 an average based on a survey of sell-side research analysts that cover LSC Communications.
LSC Communications (NASDAQ:LKSD) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.59 earnings per share 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 during the quarter, compared to the consensus estimate of $876.38 million. LSC Communications’s revenue for the quarter was down 6.4% compared to the same quarter last year.
A number of analysts have issued reports on LKSD shares. Zacks Investment Research raised LSC Communications from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. J P Morgan Chase & Co started coverage on LSC Communications in a research report on Friday, July 21st. They issued a “neutral” rating for the company. Bank of America Corporation started coverage on LSC Communications in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $24.00 target price for the company. Finally, Citigroup Inc. started coverage on LSC Communications in a research report on Tuesday, May 30th. They issued a “neutral” rating and a $23.00 target price for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. LSC Communications presently has a consensus rating of “Hold” and an average target price of $24.00.
Shares of LSC Communications (LKSD) opened at 15.83 on Tuesday. The stock has a 50 day moving average price of $18.65 and a 200 day moving average price of $22.51. LSC Communications has a 52-week low of $15.07 and a 52-week high of $37.40. The company has a market capitalization of $552.32 million and a PE ratio of 10.41.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.32%. The ex-dividend date is Friday, August 11th.
In other LSC Communications news, Director Shivan S. Subramaniam bought 5,000 shares of LSC Communications stock in a transaction that occurred on Friday, August 4th. The stock was acquired at an average cost of $17.18 per share, for a total transaction of $85,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Institutional investors have recently bought and sold shares of the company. Nuveen Asset Management LLC boosted its position in LSC Communications by 91.7% in the first quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock valued at $21,252,000 after buying an additional 404,126 shares during the last quarter. Capstone Asset Management Co. boosted its position in LSC Communications by 4.3% in the second quarter. Capstone Asset Management Co. now owns 15,953 shares of the company’s stock valued at $341,000 after buying an additional 656 shares during the last quarter. Bank of Montreal Can boosted its position in LSC Communications by 157.7% in the second quarter. Bank of Montreal Can now owns 82,401 shares of the company’s stock valued at $1,763,000 after buying an additional 50,429 shares during the last quarter. State of Alaska Department of Revenue boosted its position in 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 valued at $142,000 after buying an additional 3,062 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its position in LSC Communications by 171.0% in the second quarter. Meeder Asset Management Inc. now owns 22,969 shares of the company’s stock valued at $492,000 after buying an additional 14,494 shares during 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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