Zacks: LSC Communications Inc (LKSD) Receives Consensus Rating of “Hold” from Analysts

LSC Communications Inc (NASDAQ:LKSD) has received a consensus broker rating score of 2.50 (Hold) from the four brokers that cover the company, Zacks Investment Research reports. Three research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. LSC Communications’ rating score has declined by 150% from 90 days ago as a result of a number of analysts’ ratings changes.

Analysts have set a 12 month consensus price objective of $25.67 for the company and are predicting that the company will post $0.68 earnings per share for the current quarter, according to Zacks. Zacks has also given LSC Communications an industry rank of 225 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have issued reports on LKSD shares. Wells Fargo & Company started coverage on shares of LSC Communications in a research note on Monday, March 27th. They set a “market perform” rating and a $25.00 price objective on the stock. Citigroup Inc. started coverage on shares of LSC Communications in a research note on Tuesday, May 30th. They set a “neutral” rating and a $23.00 price objective on the stock. Zacks Investment Research cut shares of LSC Communications from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Finally, Bank of America Corporation started coverage on shares of LSC Communications in a report on Wednesday, May 24th. They issued a “neutral” rating and a $24.00 target price for the company.

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Shares of LSC Communications (NASDAQ:LKSD) traded up 4.49% during trading on Friday, reaching $21.88. 717,562 shares of the company traded hands. LSC Communications has a 12 month low of $17.00 and a 12 month high of $37.40. The company has a 50-day moving average of $22.21 and a 200-day moving average of $24.70. The stock has a market capitalization of $742.63 million and a PE ratio of 9.65.

LSC Communications (NASDAQ:LKSD) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.42. The business had revenue of $821 million for the quarter, compared to analysts’ expectations of $839.75 million. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. Analysts forecast that LSC Communications will post $2.29 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Monday, May 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Thursday, May 11th.

About LSC Communications

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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