Equities analysts expect LSC Communications Inc (NYSE:LKSD) to announce $0.83 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for LSC Communications’ earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.73. LSC Communications reported earnings per share of $0.73 in the same quarter last year, which indicates a positive year over year growth rate of 13.7%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, November 1st.
According to Zacks, analysts expect that LSC Communications will report full-year earnings of $2.04 per share for the current financial year, with EPS estimates ranging from $1.90 to $2.25. For the next fiscal year, analysts expect that the company will report earnings of $2.11 per share, with EPS estimates ranging from $1.90 to $2.32. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover LSC Communications.
LSC Communications (NYSE:LKSD) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.04). LSC Communications had a negative net margin of 1.68% and a positive return on equity of 21.96%. The firm had revenue of $943.00 million for the quarter, compared to the consensus estimate of $910.87 million. During the same period in the prior year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis.
A number of equities analysts have weighed in on the stock. ValuEngine downgraded shares of LSC Communications from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. downgraded 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. Zacks Investment Research downgraded shares of LSC Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Wells Fargo & Co dropped their target price on shares of LSC Communications from $19.00 to $17.00 and set a “market perform” rating for the company in a research note on Monday, June 25th. Finally, Buckingham Research assumed coverage on shares of LSC Communications in a research note on Monday, June 25th. They issued a “buy” rating and a $22.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. LSC Communications has a consensus rating of “Hold” and a consensus target price of $16.75.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new position in shares of LSC Communications in the second quarter worth about $110,000. Piedmont Investment Advisors LLC acquired a new stake in shares of LSC Communications during the 2nd quarter worth approximately $122,000. Russell Investments Group Ltd. grew its position in shares of LSC Communications by 83.9% during the 1st quarter. Russell Investments Group Ltd. now owns 9,880 shares of the company’s stock worth $173,000 after buying an additional 4,507 shares during the period. United Services Automobile Association acquired a new stake in shares of LSC Communications during the 2nd quarter worth approximately $191,000. Finally, Vident Investment Advisory LLC acquired a new stake in shares of LSC Communications during the 2nd quarter worth approximately $202,000. 84.89% of the stock is owned by institutional investors.
LKSD stock traded down $0.52 during trading on Friday, hitting $8.21. 516,624 shares of the stock traded hands, compared to its average volume of 336,964. LSC Communications has a one year low of $8.13 and a one year high of $18.64. The company has a market capitalization of $273.98 million, a P/E ratio of 4.17, a P/E/G ratio of -2.01 and a beta of -0.66. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 3.08.
LSC Communications Company Profile
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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