Brokerages expect that LSC Communications Inc (NYSE:LKSD) will post earnings of ($0.02) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for LSC Communications’ earnings. LSC Communications posted earnings of $0.74 per share during the same quarter last year, which would indicate a negative year over year growth rate of 102.7%. The firm is expected to issue its next earnings report on Wednesday, October 30th.
On average, analysts expect that LSC Communications will report full year earnings of $0.06 per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of ($0.20) per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover LSC Communications.
LSC Communications (NYSE:LKSD) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.28). LSC Communications had a negative net margin of 4.63% and a positive return on equity of 15.39%. The firm had revenue of $869.00 million during the quarter, compared to analyst estimates of $872.18 million.
Several brokerages have commented on LKSD. Zacks Investment Research lowered shares of LSC Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 7th. Wells Fargo & Co lowered shares of LSC Communications from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 24th. ValuEngine lowered shares of LSC Communications from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Finally, Buckingham Research dropped their price target on shares of LSC Communications from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. LSC Communications has a consensus rating of “Hold” and an average price target of $8.75.
Shares of NYSE:LKSD traded down $0.02 during trading hours on Monday, hitting $1.41. The stock had a trading volume of 282,864 shares, compared to its average volume of 596,982. The stock’s fifty day simple moving average is $1.25 and its 200 day simple moving average is $4.72. LSC Communications has a 1-year low of $0.85 and a 1-year high of $12.70. The firm has a market capitalization of $46.63 million, a price-to-earnings ratio of 1.15 and a beta of 0.93. The company has a debt-to-equity ratio of 6.25, a quick ratio of 0.83 and a current ratio of 1.11.
In related news, Director Judith H. Hamilton acquired 50,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of $1.08 per share, for a total transaction of $54,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.58% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of LKSD. ARP Americas LP increased its stake in shares of LSC Communications by 332.7% during the first quarter. ARP Americas LP now owns 831,978 shares of the company’s stock valued at $5,433,000 after acquiring an additional 639,712 shares during the period. Invesco Ltd. boosted its holdings in LSC Communications by 60.4% during the second quarter. Invesco Ltd. now owns 760,422 shares of the company’s stock worth $2,791,000 after buying an additional 286,226 shares in the last quarter. Morgan Stanley boosted its holdings in LSC Communications by 828.2% during the second quarter. Morgan Stanley now owns 256,063 shares of the company’s stock worth $940,000 after buying an additional 228,476 shares in the last quarter. Natixis bought a new stake in LSC Communications during the second quarter worth approximately $334,000. Finally, SG Americas Securities LLC boosted its holdings in LSC Communications by 59.1% during the first quarter. SG Americas Securities LLC now owns 219,963 shares of the company’s stock worth $1,436,000 after buying an additional 81,711 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.
LSC Communications Company Profile
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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