LSC Communications (LKSD) Sees Strong Trading Volume

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LSC Communications Inc (NYSE:LKSD) saw an uptick in trading volume on Friday . 2,262,158 shares were traded during trading, an increase of 400% from the previous session’s volume of 452,411 shares.The stock last traded at $7.00 and had previously closed at $6.97.

Separately, Zacks Investment Research upgraded LSC Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Three 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 stock. LSC Communications presently has an average rating of “Hold” and an average target price of $14.40.

The company has a market cap of $232.21 million, a P/E ratio of 5.69, a P/E/G ratio of -2.41 and a beta of 1.39. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 3.70.

LSC Communications (NYSE:LKSD) last announced its quarterly earnings results on Tuesday, February 19th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. LSC Communications had a positive return on equity of 19.42% and a negative net margin of 0.60%. The company had revenue of $939.00 million during the quarter, compared to analyst estimates of $931.70 million. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. On average, equities analysts anticipate that LSC Communications Inc will post 1.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Friday, February 15th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 14.86%. The ex-dividend date was Thursday, February 14th. LSC Communications’s payout ratio is presently 84.55%.

A number of institutional investors have recently made changes to their positions in the stock. MUFG Securities EMEA plc bought a new position in LSC Communications during the fourth quarter valued at approximately $1,317,000. Norges Bank bought a new position in LSC Communications during the fourth quarter valued at approximately $1,732,000. Dimensional Fund Advisors LP boosted its stake in LSC Communications by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,841,059 shares of the company’s stock valued at $12,887,000 after buying an additional 75,932 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in LSC Communications during the fourth quarter valued at approximately $66,000. Finally, Metropolitan Life Insurance Co. NY boosted its stake in LSC Communications by 408.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,298 shares of the company’s stock valued at $79,000 after buying an additional 9,074 shares during the last quarter. 83.74% of the stock is owned by institutional investors.

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About LSC Communications (NYSE:LKSD)

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.

See Also: Return on Investment (ROI) Defined, Explained

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