Analysts Expect LSC Communications (LKSD) Will Post Quarterly Sales of $903.41 Million

Brokerages expect that LSC Communications (NYSE:LKSD) will report $903.41 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for LSC Communications’ earnings, with the highest sales estimate coming in at $906.82 million and the lowest estimate coming in at $900.00 million. LSC Communications reported sales of $848.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.5%. The business is scheduled to announce its next earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that LSC Communications will report full year sales of $3.83 billion for the current fiscal year, with estimates ranging from $3.81 billion to $3.85 billion. For the next financial year, analysts expect that the firm will report sales of $3.82 billion per share, with estimates ranging from $3.80 billion to $3.84 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for LSC Communications.

LSC Communications (NYSE:LKSD) last released its earnings results on Thursday, May 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.28). The company had revenue of $929.00 million during the quarter, compared to analyst estimates of $873.77 million. LSC Communications had a negative net margin of 1.81% and a positive return on equity of 22.60%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS.



A number of research analysts have recently issued reports on LKSD shares. Bank of America lowered LSC Communications from a “neutral” rating to an “underperform” rating in a report on Monday, April 2nd. Citigroup dropped their target price on LSC Communications from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, May 4th. Finally, Zacks Investment Research lowered LSC Communications from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the stock. LSC Communications presently has an average rating of “Hold” and an average price target of $14.00.

Several large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of LSC Communications by 1.9% in the first quarter. Principal Financial Group Inc. now owns 267,433 shares of the company’s stock valued at $4,667,000 after purchasing an additional 4,983 shares during the period. WINTON GROUP Ltd boosted its stake in shares of LSC Communications by 8.1% in the first quarter. WINTON GROUP Ltd now owns 273,970 shares of the company’s stock valued at $4,781,000 after buying an additional 20,618 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of LSC Communications by 127.6% in the first quarter. Royal Bank of Canada now owns 89,702 shares of the company’s stock valued at $1,565,000 after buying an additional 50,297 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of LSC Communications by 14.8% in the first quarter. Legal & General Group Plc now owns 112,083 shares of the company’s stock valued at $1,952,000 after buying an additional 14,481 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of LSC Communications by 33.3% in the first quarter. Millennium Management LLC now owns 79,909 shares of the company’s stock valued at $1,394,000 after buying an additional 19,946 shares in the last quarter. 84.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of LSC Communications traded up $0.17, reaching $13.47, during trading on Friday, Marketbeat.com reports. The company had a trading volume of 286,075 shares, compared to its average volume of 344,265. The firm has a market cap of $463.44 million, a P/E ratio of 6.84, a PEG ratio of 4.09 and a beta of -0.27. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 2.79. LSC Communications has a fifty-two week low of $11.58 and a fifty-two week high of $22.37.

The business also recently announced a quarterly dividend, which was paid on Monday, June 4th. Stockholders of record on Tuesday, May 15th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date was Monday, May 14th. LSC Communications’s payout ratio is currently 52.79%.

LSC Communications Company Profile

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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