Analysts expect that LSC Communications Inc (NYSE:LKSD) will report sales of $861.02 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for LSC Communications’ earnings. The lowest sales estimate is $853.80 million and the highest is $868.23 million. LSC Communications posted sales of $821.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.9%. The company is scheduled to report its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that LSC Communications will report full year sales of $861.02 million for the current financial year, with estimates ranging from $3.68 billion to $3.75 billion. For the next year, analysts forecast that the company will post sales of $3.68 billion per share, with estimates ranging from $3.63 billion to $3.74 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover LSC Communications.
LSC Communications (NYSE:LKSD) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.16). LSC Communications had a negative net margin of 1.58% and a positive return on equity of 25.28%. The firm had revenue of $999.00 million during the quarter, compared to the consensus estimate of $947.67 million. During the same period in the prior year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year.
Institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its position in shares of LSC Communications by 15.2% during the 2nd quarter. California State Teachers Retirement System now owns 60,107 shares of the company’s stock valued at $1,286,000 after acquiring an additional 7,913 shares during the period. The Manufacturers Life Insurance Company raised its holdings in LSC Communications by 2,812.4% during the second quarter. The Manufacturers Life Insurance Company now owns 25,862 shares of the company’s stock worth $554,000 after buying an additional 24,974 shares during the last quarter. State Street Corp raised its holdings in LSC Communications by 34.5% during the second quarter. State Street Corp now owns 838,168 shares of the company’s stock worth $17,941,000 after buying an additional 214,943 shares during the last quarter. Voya Investment Management LLC raised its holdings in LSC Communications by 6.8% during the second quarter. Voya Investment Management LLC now owns 14,812 shares of the company’s stock worth $317,000 after buying an additional 946 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in LSC Communications by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 515,900 shares of the company’s stock worth $11,040,000 after buying an additional 25,792 shares during the last quarter. Institutional investors own 87.31% of the company’s stock.
Shares of LSC Communications (NYSE LKSD) opened at $16.64 on Wednesday. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.36 and a quick ratio of 1.05. LSC Communications has a 12 month low of $11.79 and a 12 month high of $26.73. The company has a market cap of $583.31, a price-to-earnings ratio of 8.54, a PEG ratio of 2.33 and a beta of 1.24.
The business also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Thursday, February 15th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend was Wednesday, February 14th. This is an increase from LSC Communications’s previous quarterly dividend of $0.25. LSC Communications’s payout ratio is presently -63.03%.
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LSC Communications Company Profile
LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.
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