LSC Communications (NYSE:LKSD) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of LSC Communications (NYSE:LKSD) from a hold rating to a sell rating in a report released on Thursday, January 4th.

According to Zacks, “LSC Communications, Inc. provides traditional and digital print, print-related services and office products which serves publishers, merchandisers and retailers. The Company’s service offering includes e-services, warehousing and fulfillment and supply chain management. LSC Communications, Inc. is based in Chicago, United States. “

A number of other research firms have also weighed in on LKSD. BidaskClub lowered LSC Communications from a sell rating to a strong sell rating in a research note on Wednesday, October 18th. Citigroup downgraded LSC Communications from a neutral rating to a sell rating in a research report on Friday, September 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company’s stock. LSC Communications presently has an average rating of Hold and a consensus price target of $24.00.

LSC Communications (NYSE LKSD) opened at $14.42 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.42 and a debt-to-equity ratio of 2.47. LSC Communications has a one year low of $13.72 and a one year high of $28.96. The firm has a market capitalization of $484.35, a price-to-earnings ratio of 49.73, a PEG ratio of -3.10 and a beta of 5.96.

LSC Communications (NYSE:LKSD) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. LSC Communications had a return on equity of 24.72% and a net margin of 0.28%. The company had revenue of $935.00 million during the quarter, compared to analyst estimates of $928.67 million. During the same quarter in the previous year, the company posted $1.26 earnings per share. LSC Communications’s revenue was down 1.5% compared to the same quarter last year. research analysts expect that LSC Communications will post 2.1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase from LSC Communications’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 7.21%. LSC Communications’s dividend payout ratio is 344.84%.

A number of hedge funds have recently modified their holdings of LKSD. BlackRock Inc. grew its stake in shares of LSC Communications by 59.1% during the second quarter. BlackRock Inc. now owns 4,701,098 shares of the company’s stock valued at $100,603,000 after buying an additional 1,746,936 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of LSC Communications by 43.0% during the second quarter. Vanguard Group Inc. now owns 4,434,192 shares of the company’s stock valued at $94,891,000 after buying an additional 1,333,143 shares during the last quarter. Northern Trust Corp grew its stake in shares of LSC Communications by 175.3% during the second quarter. Northern Trust Corp now owns 454,096 shares of the company’s stock valued at $9,718,000 after buying an additional 289,137 shares during the last quarter. State Street Corp grew its stake in shares of LSC Communications by 34.5% during the second quarter. State Street Corp now owns 838,168 shares of the company’s stock valued at $17,941,000 after buying an additional 214,943 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of LSC Communications by 157.9% during the second quarter. Parametric Portfolio Associates LLC now owns 318,878 shares of the company’s stock valued at $6,824,000 after buying an additional 195,257 shares during the last quarter. Institutional investors and hedge funds own 84.36% of the company’s stock.

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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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