LSC Communications (LKSD) Hits New 1-Year Low at $8.58

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LSC Communications Inc (NYSE:LKSD)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $8.58 and last traded at $8.60, with a volume of 15104 shares changing hands. The stock had previously closed at $9.22.

Several equities analysts have recently issued reports on the company. Buckingham Research assumed coverage on LSC Communications in a research note on Monday, June 25th. They issued a “buy” rating and a $22.00 price objective for the company. Wells Fargo & Co decreased their price objective on LSC Communications from $19.00 to $17.00 and set a “market perform” rating for the company in a research note on Monday, June 25th. Zacks Investment Research upgraded LSC Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. ValuEngine upgraded LSC Communications from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 9th. Finally, JPMorgan Chase & Co. cut LSC Communications from a “neutral” rating to an “underweight” rating and set a $14.00 price objective for the company. in a research note on Friday, July 6th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $16.75.

The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 3.08. The company has a market cap of $291.33 million, a PE ratio of 5.46, a PEG ratio of -2.14 and a beta of -0.66.

LSC Communications (NYSE:LKSD) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.04). The company had revenue of $943.00 million during the quarter, compared to analysts’ expectations of $910.87 million. LSC Communications had a negative net margin of 1.68% and a positive return on equity of 21.96%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 EPS. Analysts expect that LSC Communications Inc will post 2.04 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in LKSD. Wells Fargo & Company MN boosted its stake in shares of LSC Communications by 35.0% in the 1st quarter. Wells Fargo & Company MN now owns 485,162 shares of the company’s stock valued at $8,466,000 after buying an additional 125,704 shares during the period. Northern Trust Corp raised its position in shares of LSC Communications by 1.7% during the 1st quarter. Northern Trust Corp now owns 458,491 shares of the company’s stock worth $8,000,000 after acquiring an additional 7,542 shares in the last quarter. BlackRock Inc. raised its position in shares of LSC Communications by 1.2% during the 1st quarter. BlackRock Inc. now owns 4,878,645 shares of the company’s stock worth $85,134,000 after acquiring an additional 58,748 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of LSC Communications by 29.5% during the 1st quarter. JPMorgan Chase & Co. now owns 322,035 shares of the company’s stock worth $5,620,000 after acquiring an additional 73,286 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of LSC Communications by 28.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,278,334 shares of the company’s stock worth $22,307,000 after acquiring an additional 284,267 shares in the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

LSC Communications Company Profile (NYSE:LKSD)

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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