Brokerages Anticipate LSC Communications Inc (NYSE:LKSD) Will Announce Quarterly Sales of $942.05 Million

Brokerages expect that LSC Communications Inc (NYSE:LKSD) will post sales of $942.05 million for the current quarter, according to Zacks. Two analysts have made estimates for LSC Communications’ earnings, with estimates ranging from $913.80 million to $970.30 million. LSC Communications posted sales of $1.02 billion during the same quarter last year, which suggests a negative year over year growth rate of 7.6%. The business is expected to issue its next quarterly earnings results on Wednesday, October 30th.

On average, analysts expect that LSC Communications will report full-year sales of $0.00 for the current year. For the next financial year, analysts forecast that the business will post sales of $3.37 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow LSC Communications.

LSC Communications (NYSE:LKSD) last issued its 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 positive return on equity of 15.39% and a negative net margin of 4.63%. The firm had revenue of $869.00 million during the quarter, compared to the consensus estimate of $872.18 million.

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

In related news, Director Judith H. Hamilton purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average price of $1.08 per share, for a total transaction of $54,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.58% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in shares of LSC Communications by 251.4% during the fourth quarter. Bank of America Corp DE now owns 757,559 shares of the company’s stock valued at $5,303,000 after buying an additional 542,004 shares during the period. Wedbush Securities Inc. purchased a new position in shares of LSC Communications during the first quarter valued at approximately $91,000. Adams Asset Advisors LLC boosted its position in shares of LSC Communications by 16.2% during the second quarter. Adams Asset Advisors LLC now owns 202,586 shares of the company’s stock valued at $743,000 after buying an additional 28,169 shares during the period. SG Americas Securities LLC boosted its position in shares of LSC Communications by 59.1% during the first quarter. SG Americas Securities LLC now owns 219,963 shares of the company’s stock valued at $1,436,000 after buying an additional 81,711 shares during the period. Finally, Quantamental Technologies LLC purchased a new position in shares of LSC Communications during the first quarter valued at approximately $48,000. Institutional investors own 80.73% of the company’s stock.

Shares of LKSD stock traded down $0.10 during trading hours on Tuesday, hitting $1.37. The stock had a trading volume of 428,454 shares, compared to its average volume of 1,574,519. The stock has a market capitalization of $48.98 million, a price-to-earnings ratio of 1.11 and a beta of 1.18. LSC Communications has a one year low of $0.85 and a one year high of $13.26. The company has a debt-to-equity ratio of 6.25, a current ratio of 1.11 and a quick ratio of 0.83. The stock’s 50-day moving average price is $2.14 and its two-hundred day moving average price is $5.43.

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.

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