LSC Communications Inc (LKSD) Expected to Post Quarterly Sales of $971.02 Million

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Analysts forecast that LSC Communications Inc (NYSE:LKSD) will announce $971.02 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for LSC Communications’ earnings, with estimates ranging from $956.60 million to $988.30 million. LSC Communications reported sales of $935.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.9%. The company is expected to announce its next earnings report before the market opens on Thursday, November 1st.

According to Zacks, analysts expect that LSC Communications will report full-year sales of $3.85 billion for the current fiscal year, with estimates ranging from $3.82 billion to $3.88 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.68 billion, with estimates ranging from $3.50 billion to $3.82 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for LSC Communications.

LSC Communications (NYSE:LKSD) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.04). The business had revenue of $943.00 million for the quarter, compared to the consensus estimate of $910.87 million. LSC Communications had a positive return on equity of 21.96% and a negative net margin of 1.68%. LSC Communications’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share.

Several research firms recently weighed in on LKSD. ValuEngine cut shares of LSC Communications from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised shares of LSC Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, JPMorgan Chase & Co. cut shares of LSC Communications from a “neutral” rating to an “underweight” rating and set a $14.00 target price for the company. in a research note on Friday, July 6th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. LSC Communications presently has a consensus rating of “Hold” and an average target price of $16.75.

Several large investors have recently added to or reduced their stakes in LKSD. Tower Research Capital LLC TRC bought a new position in LSC Communications during the second quarter worth $110,000. Piedmont Investment Advisors LLC bought a new position in LSC Communications during the second quarter worth $122,000. Russell Investments Group Ltd. boosted its position in LSC Communications by 83.9% during the first quarter. Russell Investments Group Ltd. now owns 9,880 shares of the company’s stock worth $173,000 after purchasing an additional 4,507 shares during the period. United Services Automobile Association bought a new position in LSC Communications during the second quarter worth $191,000. Finally, Vident Investment Advisory LLC bought a new position in LSC Communications during the second quarter worth $202,000. 85.06% of the stock is owned by institutional investors and hedge funds.

Shares of LKSD traded up $0.05 during mid-day trading on Tuesday, hitting $8.16. 12,555 shares of the company’s stock were exchanged, compared to its average volume of 393,794. The stock has a market capitalization of $264.30 million, a P/E ratio of 4.09, a P/E/G ratio of -1.92 and a beta of -0.65. LSC Communications has a 52 week low of $7.78 and a 52 week high of $18.64. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 3.08.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Thursday, November 15th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.04 annualized dividend and a dividend yield of 12.75%. LSC Communications’s dividend payout ratio is presently 52.79%.

About LSC Communications

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.

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