Analysts Anticipate LSC Communications Inc (NYSE:LKSD) to Announce $0.11 EPS

Wall Street analysts expect LSC Communications Inc (NYSE:LKSD) to announce earnings of $0.11 per share for the current quarter, Zacks reports. Three analysts have issued estimates for LSC Communications’ earnings, with estimates ranging from ($0.02) to $0.24. LSC Communications posted earnings per share of $0.74 during the same quarter last year, which would indicate a negative year-over-year growth rate of 85.1%. The business is expected to report its next earnings results before the market opens on Thursday, November 7th.

On average, analysts expect that LSC Communications will report full year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from $0.06 to $0.18. For the next financial year, analysts forecast that the firm will report earnings of $0.24 per share, with EPS estimates ranging from ($0.20) to $0.58. Zacks’ EPS averages are an average based on a survey of research analysts that follow LSC Communications.

LSC Communications (NYSE:LKSD) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.28). LSC Communications had a negative net margin of 4.63% and a positive return on equity of 15.39%. The business had revenue of $869.00 million during the quarter, compared to analyst estimates of $872.18 million.

Several equities analysts have issued reports on the stock. Wells Fargo & Co cut shares of LSC Communications from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 24th. Zacks Investment Research cut shares of LSC Communications from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 7th. ValuEngine cut shares of LSC Communications from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. Finally, Buckingham Research decreased their price target on shares of LSC Communications from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. LSC Communications has a consensus rating of “Hold” and an average target price of $8.75.

In other LSC Communications news, Director Judith H. Hamilton purchased 50,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of $1.08 per share, for a total transaction of $54,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.87% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Natixis acquired a new stake in shares of LSC Communications during the second quarter worth $334,000. Price T Rowe Associates Inc. MD increased its position in shares of LSC Communications by 91.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 34,120 shares of the company’s stock worth $125,000 after buying an additional 16,300 shares during the period. Citadel Advisors LLC acquired a new stake in shares of LSC Communications during the second quarter worth $40,000. Morgan Stanley increased its position in shares of LSC Communications by 828.2% during the second quarter. Morgan Stanley now owns 256,063 shares of the company’s stock worth $940,000 after buying an additional 228,476 shares during the period. Finally, Invesco Ltd. increased its position in shares of LSC Communications by 60.4% during the second quarter. Invesco Ltd. now owns 760,422 shares of the company’s stock worth $2,791,000 after buying an additional 286,226 shares during the period. Institutional investors own 76.63% of the company’s stock.

NYSE LKSD traded up $0.05 on Wednesday, hitting $1.22. The company’s stock had a trading volume of 33,819 shares, compared to its average volume of 626,521. The company has a quick ratio of 0.83, a current ratio of 1.11 and a debt-to-equity ratio of 6.25. LSC Communications has a 1-year low of $0.85 and a 1-year high of $11.18. The company’s 50-day moving average is $1.33 and its 200 day moving average is $3.89. The firm has a market cap of $38.92 million, a PE ratio of 0.99 and a beta of 0.95.

About LSC Communications

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products in the United States and internationally. It operates through Magazines, Catalogs and Logistics; Book; Office Products; and Other segments. The Magazines, Catalogs and Logistics segment produces magazines and catalogs, as well as provides logistics solutions to the company and other third parties.

Featured Story: Arbitrage

Get a free copy of the Zacks research report on LSC Communications (LKSD)

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.