An issue of LSC Communications Inc (NYSE:LKSD) bonds rose 0.5% against their face value during trading on Friday. The debt issue has a 8.75% coupon and is set to mature on October 15, 2023. The debt is now trading at $99.50. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of LSC Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Buckingham Research assumed coverage on shares of LSC Communications in a research report on Monday, June 25th. They set a “buy” rating and a $22.00 target price on the stock. ValuEngine raised shares of LSC Communications from a “strong sell” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Co dropped their target price on shares of LSC Communications from $19.00 to $17.00 and set a “market perform” rating on the stock in a research report on Monday, June 25th. Finally, Citigroup dropped their target price on shares of LSC Communications from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, May 4th. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $16.75.

Shares of LKSD stock traded down $0.37 during trading hours on Friday, hitting $11.67. The company’s stock had a trading volume of 265,687 shares, compared to its average volume of 389,770. The company has a market capitalization of $401.79 million, a P/E ratio of 5.92, a price-to-earnings-growth ratio of 4.22 and a beta of -0.48. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.33 and a quick ratio of 0.99. LSC Communications Inc has a 12-month low of $10.64 and a 12-month high of $18.64.

LSC Communications (NYSE:LKSD) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04). The business had revenue of $943.00 million during the quarter, compared to analysts’ expectations of $910.87 million. LSC Communications had a negative net margin of 1.68% and a positive return on equity of 21.96%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. sell-side analysts forecast that LSC Communications Inc will post 2.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Wednesday, August 15th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 8.91%. The ex-dividend date of this dividend is Tuesday, August 14th. LSC Communications’s dividend payout ratio (DPR) is currently 52.79%.

Several hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in shares of LSC Communications by 4.3% during the first quarter. Rhumbline Advisers now owns 83,782 shares of the company’s stock valued at $1,462,000 after purchasing an additional 3,417 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in LSC Communications by 83.9% in the 1st quarter. Russell Investments Group Ltd. now owns 9,880 shares of the company’s stock valued at $173,000 after acquiring an additional 4,507 shares during the last quarter. Principal Financial Group Inc. increased its holdings in LSC Communications by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 267,433 shares of the company’s stock valued at $4,667,000 after acquiring an additional 4,983 shares during the last quarter. IndexIQ Advisors LLC increased its holdings in LSC Communications by 5.1% in the 2nd quarter. IndexIQ Advisors LLC now owns 125,353 shares of the company’s stock valued at $1,963,000 after acquiring an additional 6,095 shares during the last quarter. Finally, Strs Ohio increased its holdings in LSC Communications by 14.5% in the 2nd quarter. Strs Ohio now owns 53,800 shares of the company’s stock valued at $842,000 after acquiring an additional 6,800 shares during the last quarter. 84.28% of the stock is currently owned by institutional investors and hedge funds.

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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