LSC Communications Inc (LKSD) Set to Announce Earnings on Thursday
LSC Communications Inc (NASDAQ:LKSD) will be posting its quarterly earnings results before the market opens on Thursday, November 2nd. Analysts expect LSC Communications to post earnings of $0.70 per share for the quarter.
LSC Communications (NASDAQ:LKSD) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.09). LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The company had revenue of $848.00 million for the quarter, compared to analysts’ expectations of $876.38 million. LSC Communications’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, analysts expect LSC Communications to post $2.15 EPS for the current fiscal year and $2.17 EPS for the next fiscal year.
LSC Communications Inc (NASDAQ:LKSD) opened at 16.18 on Wednesday. The stock has a market capitalization of $564.54 million and a PE ratio of 10.64. LSC Communications Inc has a 12-month low of $15.05 and a 12-month high of $30.74. The stock’s 50 day moving average is $16.74 and its 200 day moving average is $19.52.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Wednesday, November 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date is Tuesday, November 14th.
In related news, Director Shivan S. Subramaniam bought 3,500 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average cost of $16.41 per share, for a total transaction of $57,435.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
LKSD has been the subject of a number of recent analyst reports. Citigroup Inc. cut shares of LSC Communications from a “neutral” rating to a “sell” rating in a research note on Friday, September 29th. BidaskClub upgraded shares of LSC Communications from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. J P Morgan Chase & Co initiated coverage on shares of LSC Communications in a research note on Friday, July 21st. They issued a “neutral” rating for the company. Finally, Zacks Investment Research upgraded shares of LSC Communications from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $24.00.
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About LSC Communications
LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.
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