Lexmark International (NYSE:LXK) CFO John W. Gamble, Jr. sold 8,000 shares of the company’s stock on the open market in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $42.53, for a total value of $340,240.00. Following the transaction, the chief financial officer now directly owns 122,768 shares of the company’s stock, valued at approximately $5,221,323. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
LXK has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Lexmark International in a research note on Friday, April 25th. They now have a $44.00 price target on the stock. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of Lexmark International in a research note on Wednesday, April 23rd. They now have a $36.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.43.
Lexmark International (NYSE:LXK) traded up 0.99% during mid-day trading on Wednesday, hitting $43.02. The stock had a trading volume of 476,642 shares. Lexmark International has a one year low of $29.37 and a one year high of $47.98. The stock has a 50-day moving average of $44.2 and a 200-day moving average of $39.79. The company has a market cap of $2.679 billion and a price-to-earnings ratio of 10.84.
Lexmark International (NYSE:LXK) last released its earnings data on Tuesday, April 22nd. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.05. The company had revenue of $877.70 million for the quarter, compared to the consensus estimate of $855.80 million. During the same quarter last year, the company posted $0.88 earnings per share. Lexmark International’s revenue was down .7% compared to the same quarter last year. Analysts expect that Lexmark International will post $3.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, May 28th. This is a boost from Lexmark International’s previous quarterly dividend of $0.30.
Lexmark International, Inc (NYSE:LXK) is a developer, manufacturer and supplier of printing, imaging, device management, managed print services, document workflow, and also provides business process and content management solutions.
Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.