Wall Street analysts expect that LSC Communications Inc (NYSE:LKSD) will announce $0.11 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for LSC Communications’ earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at ($0.02). LSC Communications posted earnings of $0.74 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 85.1%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, November 7th.
According to Zacks, analysts expect that LSC Communications will report full-year earnings of $0.12 per share for the current financial year, with EPS estimates ranging from $0.06 to $0.18. For the next fiscal year, analysts expect that the company will post earnings of $0.24 per share, with EPS estimates ranging from ($0.20) to $0.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover LSC Communications.
LSC Communications (NYSE:LKSD) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.28). The firm had revenue of $869.00 million for the quarter, compared to analysts’ expectations of $872.18 million. LSC Communications had a negative net margin of 4.63% and a positive return on equity of 15.39%.
Several equities analysts recently commented on LKSD shares. Wells Fargo & Co cut shares of LSC Communications from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 24th. Buckingham Research reduced their price objective on shares of LSC Communications from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. ValuEngine cut shares of LSC Communications from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research cut shares of LSC Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.75.
NYSE:LKSD traded up $0.05 during mid-day trading on Wednesday, hitting $1.22. 33,819 shares of the stock traded hands, compared to its average volume of 626,521. The business’s 50-day moving average price is $1.33 and its 200 day moving average price is $3.89. The company has a market cap of $38.92 million, a PE ratio of 0.99 and a beta of 0.95. LSC Communications has a 12-month low of $0.85 and a 12-month high of $11.18. The company has a quick ratio of 0.83, a current ratio of 1.11 and a debt-to-equity ratio of 6.25.
In related news, Director Judith H. Hamilton bought 50,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $1.08 per share, for a total transaction of $54,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.87% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. ARP Americas LP increased its position in LSC Communications by 60.8% during the 2nd quarter. ARP Americas LP now owns 1,337,791 shares of the company’s stock valued at $4,910,000 after purchasing an additional 505,813 shares during the period. Invesco Ltd. grew its position in shares of LSC Communications by 60.4% in the 2nd quarter. Invesco Ltd. now owns 760,422 shares of the company’s stock worth $2,791,000 after buying an additional 286,226 shares during the period. Morgan Stanley boosted its stake in LSC Communications by 828.2% in the 2nd quarter. Morgan Stanley now owns 256,063 shares of the company’s stock worth $940,000 after purchasing an additional 228,476 shares in the last quarter. Natixis bought a new position in LSC Communications in the 2nd quarter worth about $334,000. Finally, Dimensional Fund Advisors LP boosted its stake in LSC Communications by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,841,059 shares of the company’s stock worth $12,887,000 after purchasing an additional 75,932 shares in the last quarter. Institutional investors and hedge funds own 76.63% of the company’s stock.
About LSC Communications
LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products in the United States and internationally. It operates through Magazines, Catalogs and Logistics; Book; Office Products; and Other segments. The Magazines, Catalogs and Logistics segment produces magazines and catalogs, as well as provides logistics solutions to the company and other third parties.
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