$910.20 Million in Sales Expected for LSC Communications Inc (NYSE:LKSD) This Quarter

Analysts expect LSC Communications Inc (NYSE:LKSD) to announce $910.20 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for LSC Communications’ earnings, with estimates ranging from $906.60 million to $913.80 million. LSC Communications reported sales of $1.02 billion during the same quarter last year, which indicates a negative year over year growth rate of 10.8%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that LSC Communications will report full-year sales of $3.52 billion for the current financial year. For the next fiscal year, analysts forecast that the business will report sales of $3.46 billion, with estimates ranging from $3.37 billion to $3.54 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 announced its earnings results on Thursday, August 8th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.28). LSC Communications had a negative net margin of 4.63% and a positive return on equity of 15.39%. The firm had revenue of $869.00 million during the quarter, compared to analyst estimates of $872.18 million.



LKSD has been the subject of a number of research analyst reports. Buckingham Research dropped their price objective on shares of LSC Communications from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. ValuEngine downgraded shares of LSC Communications from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Wells Fargo & Co downgraded shares of LSC Communications from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 24th. Finally, Zacks Investment Research downgraded shares of LSC Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $8.75.

In related news, Director Judith H. Hamilton acquired 50,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $1.08 per share, with a total value of $54,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.58% of the company’s stock.

Several large investors have recently modified their holdings of the company. Natixis purchased a new stake in shares of LSC Communications during the 2nd quarter worth about $334,000. Price T Rowe Associates Inc. MD grew its holdings in shares of LSC Communications by 91.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 34,120 shares of the company’s stock worth $125,000 after purchasing an additional 16,300 shares during the period. Citadel Advisors LLC purchased a new stake in shares of LSC Communications during the 2nd quarter worth about $40,000. Morgan Stanley grew its holdings in shares of LSC Communications by 828.2% during the 2nd quarter. Morgan Stanley now owns 256,063 shares of the company’s stock worth $940,000 after purchasing an additional 228,476 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of LSC Communications by 60.4% during the 2nd quarter. Invesco Ltd. now owns 760,422 shares of the company’s stock worth $2,791,000 after purchasing an additional 286,226 shares during the period. Institutional investors and hedge funds own 76.63% of the company’s stock.

LKSD stock traded up $0.09 during trading on Wednesday, hitting $1.55. The stock had a trading volume of 12,433 shares, compared to its average volume of 651,300. LSC Communications has a 1-year low of $0.85 and a 1-year high of $12.70. The company’s 50 day moving average price is $1.24 and its two-hundred day moving average price is $4.68. The company has a debt-to-equity ratio of 6.25, a quick ratio of 0.83 and a current ratio of 1.11. The stock has a market cap of $49.66 million, a price-to-earnings ratio of 1.26 and a beta of 0.93.

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.

Further Reading: Why are gap-down stocks important?

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.