An issue of LSC Communications Inc (NYSE:LKSD) bonds rose 0.5% as a percentage of their face value during trading on Friday. The debt issue has a 8.75% coupon and will mature on October 15, 2023. The bonds in the issue are now trading at $99.50. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.
LKSD has been the topic of several recent research reports. Zacks Investment Research upgraded shares of LSC Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. ValuEngine upgraded shares of LSC Communications from a “strong sell” rating to a “sell” rating in a report on Thursday. Wells Fargo & Co reduced their price target on shares of LSC Communications from $19.00 to $17.00 and set a “market perform” rating on the stock in a report on Monday, June 25th. Citigroup reduced their price target on shares of LSC Communications from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, May 4th. Finally, JPMorgan Chase & Co. downgraded shares of LSC Communications from a “neutral” rating to an “underweight” rating and set a $14.00 price target on the stock. in a report on Friday, July 6th. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $16.75.
Shares of LSC Communications traded down $0.37, reaching $11.67, on Friday, Marketbeat Ratings reports. The company’s stock had a trading volume of 265,687 shares, compared to its average volume of 389,770. LSC Communications Inc has a 52-week low of $10.64 and a 52-week high of $18.64. The stock has a market capitalization of $401.79 million, a P/E ratio of 5.92, a PEG ratio of 4.22 and a beta of -0.48. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 3.08.
LSC Communications (NYSE:LKSD) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.04). LSC Communications had a positive return on equity of 21.96% and a negative net margin of 1.68%. The firm had revenue of $943.00 million for the quarter, compared to analysts’ expectations of $910.87 million. During the same period in the prior year, the firm posted $0.59 earnings per share. LSC Communications’s revenue for the quarter was up 11.2% on a year-over-year basis. analysts expect that LSC Communications Inc will post 2.11 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 5th. Investors of record on Wednesday, August 15th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, August 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 8.91%. LSC Communications’s dividend payout ratio is presently 52.79%.
Several hedge funds have recently added to or reduced their stakes in LKSD. Wells Fargo & Company MN boosted its stake in shares of LSC Communications by 35.0% during the 1st quarter. Wells Fargo & Company MN now owns 485,162 shares of the company’s stock worth $8,466,000 after purchasing an additional 125,704 shares during the period. Rhumbline Advisers raised its stake in shares of LSC Communications by 4.3% during the 1st quarter. Rhumbline Advisers now owns 83,782 shares of the company’s stock worth $1,462,000 after acquiring an additional 3,417 shares in the last quarter. Mackay Shields LLC bought a new position in shares of LSC Communications during the 1st quarter worth approximately $529,000. Prudential Financial Inc. raised its stake in shares of LSC Communications by 37.0% during the 1st quarter. Prudential Financial Inc. now owns 117,909 shares of the company’s stock worth $2,058,000 after acquiring an additional 31,850 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of LSC Communications during the 1st quarter worth approximately $378,000. 84.28% of the stock is owned by hedge funds and other institutional investors.
About LSC Communications
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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