Lexmark International Inc. (NYSE:LXK) has been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the firm. Two equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $35.75.
Separately, Zacks Investment Research lowered shares of Lexmark International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 8th.
Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in Lexmark International by 967.4% in the first quarter. IFP Advisors Inc now owns 3,042 shares of the company’s stock worth $102,000 after buying an additional 2,757 shares in the last quarter. BOKF NA purchased a new stake in Lexmark International during the second quarter worth about $123,000. Tower Research Capital LLC TRC raised its stake in Lexmark International by 1,318.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,290 shares of the company’s stock worth $124,000 after buying an additional 3,058 shares in the last quarter. Opera Trading Capital purchased a new stake in Lexmark International during the second quarter worth about $132,000. Finally, LS Investment Advisors LLC raised its stake in Lexmark International by 78.2% in the second quarter. LS Investment Advisors LLC now owns 3,761 shares of the company’s stock worth $142,000 after buying an additional 1,651 shares in the last quarter. Institutional investors and hedge funds own 84.36% of the company’s stock.
Lexmark International (NYSE:LXK) opened at 39.96 on Tuesday. Lexmark International has a one year low of $24.11 and a one year high of $40.00. The firm’s market cap is $2.51 billion. The firm has a 50 day moving average of $35.84 and a 200-day moving average of $36.21.
Lexmark International (NYSE:LXK) last released its earnings results on Friday, July 29th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.63 by $0.06. Lexmark International had a negative net margin of 2.89% and a positive return on equity of 15.79%. The business earned $865 million during the quarter, compared to analyst estimates of $855.23 million. During the same period in the prior year, the business earned $0.97 earnings per share. Equities research analysts forecast that Lexmark International will post $2.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.60%. Lexmark International’s dividend payout ratio is currently -89.44%.
Lexmark International Company Profile
Lexmark International, Inc is a developer, manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. The Company operates through two segments: Imaging Solutions and Services (ISS) and Enterprise Software.
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