LSC Communications Inc (NYSE:LKSD) has received an average rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $15.25.
A number of brokerages have recently commented on LKSD. ValuEngine raised LSC Communications from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 13th. Zacks Investment Research cut LSC Communications from a “buy” rating to a “hold” rating in a research report on Saturday, November 10th. Citigroup dropped their price target on LSC Communications from $14.00 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, November 2nd. Finally, Buckingham Research dropped their price target on LSC Communications from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st.
LKSD stock traded down $0.19 during midday trading on Monday, hitting $9.23. The company’s stock had a trading volume of 39,585 shares, compared to its average volume of 606,547. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 3.06. LSC Communications has a 1 year low of $7.78 and a 1 year high of $18.64. The stock has a market cap of $313.87 million, a P/E ratio of 4.69, a P/E/G ratio of -3.24 and a beta of 0.21.
LSC Communications (NYSE:LKSD) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.12). LSC Communications had a positive return on equity of 23.53% and a negative net margin of 1.67%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $971.00 million. During the same period in the prior year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts forecast that LSC Communications will post 1.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Stockholders of record on Thursday, November 15th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.27%. LSC Communications’s dividend payout ratio is presently 52.79%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. IndexIQ Advisors LLC lifted its position in shares of LSC Communications by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 130,272 shares of the company’s stock valued at $1,441,000 after buying an additional 4,919 shares during the last quarter. MetLife Investment Advisors LLC lifted its holdings in LSC Communications by 56.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 25,198 shares of the company’s stock worth $279,000 after purchasing an additional 9,074 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in LSC Communications during the 3rd quarter worth about $2,160,000. Mutual of America Capital Management LLC lifted its holdings in LSC Communications by 17.9% during the 3rd quarter. Mutual of America Capital Management LLC now owns 397,049 shares of the company’s stock worth $4,391,000 after purchasing an additional 60,337 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in LSC Communications by 3.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 376,382 shares of the company’s stock worth $4,163,000 after purchasing an additional 10,844 shares in the last quarter. 81.20% of the stock is currently 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.
Read More: How is the discount rate different from the Federal Funds rate?
Receive News & Ratings for LSC Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSC Communications and related companies with MarketBeat.com's FREE daily email newsletter.