$945.39 Million in Sales Expected for LSC Communications Inc (LKSD) This Quarter

Brokerages expect LSC Communications Inc (NYSE:LKSD) to announce $945.39 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for LSC Communications’ earnings, with estimates ranging from $916.60 million to $989.00 million. The firm is expected to issue its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that LSC Communications will report full year sales of $3.82 billion for the current financial year, with estimates ranging from $3.81 billion to $3.84 billion. For the next financial year, analysts forecast that the business will report sales of $3.72 billion, with estimates ranging from $3.50 billion to $3.84 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover LSC Communications.

LSC Communications (NYSE:LKSD) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.12). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $971.00 million. LSC Communications had a negative net margin of 1.67% and a positive return on equity of 23.53%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 earnings per share.

A number of analysts have weighed in on the stock. ValuEngine raised shares of LSC Communications from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 13th. Zacks Investment Research cut shares of LSC Communications from a “buy” rating to a “hold” rating in a report on Saturday, November 10th. Citigroup dropped their target price on shares of LSC Communications from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. Finally, Buckingham Research dropped their target price on shares of LSC Communications from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. LSC Communications has a consensus rating of “Hold” and a consensus price target of $14.40.

Shares of NYSE:LKSD traded up $0.32 on Friday, reaching $9.82. 332,426 shares of the company’s stock were exchanged, compared to its average volume of 1,043,025. The stock has a market capitalization of $316.54 million, a price-to-earnings ratio of 4.98, a price-to-earnings-growth ratio of -3.27 and a beta of 0.14. LSC Communications has a fifty-two week low of $7.78 and a fifty-two week high of $18.64. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.98 and a current ratio of 1.27.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.59%. LSC Communications’s dividend payout ratio (DPR) is 52.79%.

Several large investors have recently modified their holdings of LKSD. Schwab Charles Investment Management Inc. raised its holdings in shares of LSC Communications by 191.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,152,305 shares of the company’s stock worth $18,046,000 after purchasing an additional 757,280 shares during the period. Dimensional Fund Advisors LP grew its position in shares of LSC Communications by 30.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,668,210 shares of the company’s stock worth $26,124,000 after acquiring an additional 389,876 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of LSC Communications during the third quarter worth about $2,160,000. WINTON GROUP Ltd grew its position in shares of LSC Communications by 57.6% during the second quarter. WINTON GROUP Ltd now owns 431,728 shares of the company’s stock worth $6,761,000 after acquiring an additional 157,758 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of LSC Communications by 19.3% during the second quarter. Wells Fargo & Company MN now owns 578,820 shares of the company’s stock worth $9,064,000 after acquiring an additional 93,658 shares during the last quarter. 83.52% of the stock is currently owned by 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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