LSC Communications (LKSD) Rating Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of LSC Communications (NYSE:LKSD) from a buy rating to a strong sell rating in a research note published on Thursday morning, Zacks.com reports.

According to Zacks, “LSC Communications, Inc. provides traditional and digital print, print-related services and office products which serves publishers, merchandisers and retailers. The Company’s service offering includes e-services, warehousing and fulfillment and supply chain management. LSC Communications, Inc. is based in Chicago, United States. “

Shares of NYSE LKSD opened at $5.45 on Thursday. The firm has a market cap of $182.63 million, a price-to-earnings ratio of 4.43 and a beta of 1.39. LSC Communications has a 52-week low of $5.32 and a 52-week high of $16.66. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.13 and a quick ratio of 0.84.

LSC Communications (NYSE:LKSD) last issued its quarterly earnings data on Tuesday, April 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.07). The company had revenue of $845.00 million for the quarter, compared to the consensus estimate of $851.40 million. LSC Communications had a negative net margin of 3.69% and a positive return on equity of 21.27%. The firm’s revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 earnings per share. As a group, sell-side analysts predict that LSC Communications will post 1.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.26 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 19.08%. LSC Communications’s payout ratio is presently 84.55%.

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of LSC Communications in the first quarter valued at $186,000. Goldman Sachs Group Inc. increased its stake in shares of LSC Communications by 925.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,320,834 shares of the company’s stock valued at $8,625,000 after buying an additional 1,191,990 shares in the last quarter. Jefferies Group LLC increased its stake in shares of LSC Communications by 149.5% in the first quarter. Jefferies Group LLC now owns 25,524 shares of the company’s stock valued at $167,000 after buying an additional 15,294 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of LSC Communications by 14.6% in the first quarter. Geode Capital Management LLC now owns 426,871 shares of the company’s stock valued at $2,786,000 after buying an additional 54,310 shares in the last quarter. Finally, Bayesian Capital Management LP increased its stake in shares of LSC Communications by 51.0% in the first quarter. Bayesian Capital Management LP now owns 23,981 shares of the company’s stock valued at $157,000 after buying an additional 8,100 shares in the last quarter. Institutional investors own 81.80% of the company’s stock.

LSC Communications Company Profile

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.

See Also: Understanding Relative Strength Index

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.