LSC Communications (LKSD) Sees Strong Trading Volume

Shares of LSC Communications Inc (NYSE:LKSD) saw unusually-high trading volume on Friday . Approximately 2,262,158 shares were traded during trading, an increase of 400% from the previous session’s volume of 452,411 shares.The stock last traded at $7.00 and had previously closed at $6.97.

Separately, Zacks Investment Research lowered LSC Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.40.

The firm has a market capitalization of $232.21 million, a P/E ratio of 5.69, a price-to-earnings-growth ratio of -2.41 and a beta of 1.39. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 3.70.

LSC Communications (NYSE:LKSD) last released its quarterly earnings data on Tuesday, February 19th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $939.00 million for the quarter, compared to the consensus estimate of $931.70 million. LSC Communications had a positive return on equity of 19.42% and a negative net margin of 0.60%. LSC Communications’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. On average, analysts forecast that LSC Communications Inc will post 1.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, February 15th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $1.04 annualized dividend and a yield of 14.86%. LSC Communications’s payout ratio is currently 84.55%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MUFG Securities EMEA plc purchased a new position in LSC Communications during the 4th quarter worth $1,317,000. Norges Bank purchased a new position in LSC Communications during the 4th quarter worth $1,732,000. Dimensional Fund Advisors LP increased its holdings in LSC Communications by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,841,059 shares of the company’s stock worth $12,887,000 after purchasing an additional 75,932 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in LSC Communications during the 4th quarter worth $66,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in LSC Communications by 408.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,298 shares of the company’s stock worth $79,000 after purchasing an additional 9,074 shares during the period. Institutional investors own 83.74% of the company’s stock.

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LSC Communications Company Profile (NYSE:LKSD)

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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