LSC Communications (LKSD) Upgraded to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of LSC Communications (NYSE:LKSD) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday.
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. “
Several other equities analysts have also issued reports on the company. BidaskClub lowered LSC Communications from a sell rating to a strong sell rating in a report on Thursday, November 2nd. ValuEngine raised LSC Communications from a buy rating to a strong-buy rating in a report on Tuesday, January 9th. Finally, Citigroup raised LSC Communications from a sell rating to a neutral rating and set a $23.00 price objective on the stock in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $24.00.
LSC Communications (NYSE:LKSD) last posted its earnings results on Thursday, February 22nd. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.16). The business had revenue of $999.00 million during the quarter, compared to analysts’ expectations of $947.67 million. LSC Communications had a negative net margin of 3.40% and a negative return on equity of 51.08%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. equities analysts expect that LSC Communications will post 2.51 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th were issued a dividend of $0.26 per share. This is a positive change from LSC Communications’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 6.92%. LSC Communications’s dividend payout ratio (DPR) is presently -63.03%.
Several hedge funds have recently modified their holdings of LKSD. Nationwide Fund Advisors grew its holdings in shares of LSC Communications by 1,128.4% during the second quarter. Nationwide Fund Advisors now owns 22,873 shares of the company’s stock worth $489,000 after purchasing an additional 21,011 shares during the last quarter. Northern Trust Corp grew its holdings 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 worth $9,718,000 after purchasing an additional 289,137 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of LSC Communications by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 515,900 shares of the company’s stock worth $11,040,000 after purchasing an additional 25,792 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of LSC Communications by 6.8% during the second quarter. Voya Investment Management LLC now owns 14,812 shares of the company’s stock worth $317,000 after purchasing an additional 946 shares during the last quarter. Finally, State Street Corp grew its holdings 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 worth $17,941,000 after purchasing an additional 214,943 shares during the last quarter. 86.26% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: This report was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.watchlistnews.com/lsc-communications-lksd-upgraded-to-hold-at-zacks-investment-research/1906386.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.