LKSD has been the subject of a number of other reports. BidaskClub cut LSC Communications from a sell rating to a strong sell rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded LSC Communications from a strong sell rating to a hold rating in a report on Tuesday, October 10th. Finally, J P Morgan Chase & Co started coverage on LSC Communications in a report on Friday, July 21st. They issued a neutral rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $24.00.
Shares of LSC Communications (LKSD) opened at $15.24 on Tuesday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.10 and a current ratio of 1.42. LSC Communications has a 52 week low of $13.72 and a 52 week high of $30.74. The company has a market capitalization of $523.02 and a price-to-earnings ratio of 7.54.
LSC Communications (NYSE:LKSD) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. LSC Communications had a return on equity of 24.72% and a net margin of 0.28%. The business had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $928.67 million. During the same period in the previous year, the firm earned $1.26 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. analysts anticipate that LSC Communications will post 2.12 EPS for the current year.
TRADEMARK VIOLATION WARNING: This report was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://sportsperspectives.com/2017/11/18/lsc-communications-lksd-upgraded-to-neutral-by-citigroup-inc.html.
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 issued a $0.25 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.56%. LSC Communications’s dividend payout ratio (DPR) is 344.83%.
In related news, Director Shivan S. Subramaniam bought 3,500 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average price of $16.41 per share, for a total transaction of $57,435.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.48% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LKSD. BlackRock Inc. raised its holdings in LSC Communications by 59.1% during the second quarter. BlackRock Inc. now owns 4,701,098 shares of the company’s stock worth $100,603,000 after acquiring an additional 1,746,936 shares in the last quarter. Vanguard Group Inc. raised its holdings in LSC Communications by 43.0% during the second quarter. Vanguard Group Inc. now owns 4,434,192 shares of the company’s stock worth $94,891,000 after acquiring an additional 1,333,143 shares in the last quarter. Northern Trust Corp raised its holdings in 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 acquiring an additional 289,137 shares in the last quarter. State Street Corp raised its holdings in 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 acquiring an additional 214,943 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in LSC Communications by 157.9% during the second quarter. Parametric Portfolio Associates LLC now owns 318,878 shares of the company’s stock worth $6,824,000 after acquiring an additional 195,257 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.
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.
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.