Somewhat Favorable Press Coverage Somewhat Unlikely to Affect LSC Communications (LKSD) Stock Price
News headlines about LSC Communications (NASDAQ:LKSD) have been trending somewhat positive on Sunday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. LSC Communications earned a news impact score of 0.21 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.4910969981367 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of LSC Communications (LKSD) traded down $0.02 during mid-day trading on Friday, hitting $15.71. The stock had a trading volume of 342,437 shares, compared to its average volume of 266,032. LSC Communications has a 12-month low of $15.05 and a 12-month high of $30.74.
LSC Communications (NASDAQ:LKSD) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. The firm had revenue of $935.00 million for the quarter, compared to analyst estimates of $928.67 million. During the same period last year, the firm posted $1.26 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date is Tuesday, November 14th.
A number of research analysts have issued reports on the company. BidaskClub cut LSC Communications from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research upgraded LSC Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Citigroup Inc. cut LSC Communications from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. Finally, J P Morgan Chase & Co started coverage on LSC Communications in a research report on Friday, July 21st. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.00.
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In other news, Director Shivan S. Subramaniam purchased 3,500 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were purchased at an average cost of $16.41 per share, with a total value of $57,435.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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