LSC Communications Inc (LKSD) Expected to Post Quarterly Sales of $926.60 Million
Wall Street analysts expect LSC Communications Inc (NASDAQ:LKSD) to report $926.60 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for LSC Communications’ earnings, with the lowest sales estimate coming in at $920.20 million and the highest estimate coming in at $933.00 million. LSC Communications posted sales of $948.50 million in the same quarter last year, which would indicate a negative year over year growth rate of 2.3%. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, November 2nd.
According to Zacks, analysts expect that LSC Communications will report full year sales of $926.60 million for the current fiscal year, with estimates ranging from $3.50 billion to $3.55 billion. For the next financial year, analysts anticipate that the business will report sales of $3.50 billion per share, with estimates ranging from $3.42 billion to $3.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover LSC Communications.
LSC Communications (NASDAQ:LKSD) last posted its quarterly earnings results 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). The business had revenue of $848.00 million during the quarter, compared to the consensus estimate of $876.38 million. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. LSC Communications’s revenue was down 6.4% compared to the same quarter last year.
LKSD has been the subject of a number of recent research reports. Zacks Investment Research raised shares of LSC Communications from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. 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. Citigroup Inc. cut shares of LSC Communications from a “neutral” rating to a “sell” rating in a research note on Friday, September 29th. Finally, BidaskClub raised shares of LSC Communications from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.00.
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In other news, Director Shivan S. Subramaniam bought 3,500 shares of the stock in a transaction dated Monday, September 11th. The stock was purchased at an average price of $16.41 per share, for a total transaction of $57,435.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of LSC Communications in the 2nd quarter worth about $138,000. Sei Investments Co. lifted its holdings in shares of LSC Communications by 53.3% in the 2nd quarter. Sei Investments Co. now owns 6,508 shares of the company’s stock worth $139,000 after acquiring an additional 2,263 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of LSC Communications by 85.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,652 shares of the company’s stock worth $142,000 after acquiring an additional 3,062 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of LSC Communications by 32.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,020 shares of the company’s stock worth $172,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of LSC Communications in the 2nd quarter worth about $205,000.
LSC Communications (LKSD) traded down 5.23% during mid-day trading on Thursday, reaching $16.49. 157,161 shares of the company’s stock traded hands. The stock has a market capitalization of $575.35 million and a PE ratio of 10.84. LSC Communications has a 12-month low of $15.05 and a 12-month high of $30.74. The stock has a 50-day moving average price of $16.82 and a 200-day moving average price of $16.82.
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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