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ValuEngine downgraded shares of LSC Communications (NYSE:LKSD) from a sell rating to a strong sell rating in a research note released on Tuesday, October 2nd.
Other badysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of LSC Communications from a hold rating to a sell rating in a report on Tuesday, August 7th. Buckingham Research initiated coverage on shares of LSC Communications in a report on Monday, June 25th. They set a buy rating and a $22.00 price objective for the company. Wells Fargo & Co reduced their target price on shares of LSC Communications from $19.00 to $17.00 and set a market perform rating for the company in a research note on Monday, June 25th. Finally, JPMorgan Chase & Co. downgraded shares of LSC Communications from a neutral rating to an underweight rating and set a $14.00 target price for the company. in a research note on Friday, July 6th. Four investment badysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $16.75.
Shares of LKSD traded down $0.24 during trading hours on Tuesday, reaching $7.92. 554,998 shares of the stock traded hands, compared to its average volume of 379,251. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.33 and a quick ratio of 0.99. LSC Communications has a 52 week low of $7.78 and a 52 week high of $18.64. The firm has a market capitalization of $272.31 million, a P/E ratio of 4.02, a PEG ratio of -1.98 and a beta of -0.66.
LSC Communications (NYSE:LKSD) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.48 earnings per share for the quarter, missing badysts’ consensus estimates of $0.52 by ($0.04). LSC Communications had a negative net margin of 1.68% and a positive return on equity of 21.96%. The firm had revenue of $943.00 million for the quarter, compared to the consensus estimate of $910.87 million. During the same period in the previous year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research badysts expect that LSC Communications will post 2.06 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Thursday, November 15th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.04 annualized dividend and a yield of 13.13%. LSC Communications’s dividend payout ratio is currently 52.79%.
A number of large investors have recently modified their holdings of LKSD. Schwab Charles Investment Management Inc. grew its stake in 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 valued at $18,046,000 after acquiring an additional 757,280 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in LSC Communications by 30.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,668,210 shares of the company’s stock valued at $26,124,000 after purchasing an additional 389,876 shares during the last quarter. WINTON GROUP Ltd lifted its position in LSC Communications by 57.6% during the second quarter. WINTON GROUP Ltd now owns 431,728 shares of the company’s stock valued at $6,761,000 after purchasing an additional 157,758 shares during the last quarter. Wells Fargo & Company MN lifted its position in LSC Communications by 35.0% during the first quarter. Wells Fargo & Company MN now owns 485,162 shares of the company’s stock valued at $8,466,000 after purchasing an additional 125,704 shares during the last quarter. Finally, Adams Asset Advisors LLC bought a new stake in LSC Communications during the third quarter valued at approximately $823,000. 85.07% of the stock is 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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