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

Shares of LSC Communications Inc (NASDAQ:LKSD) have been assigned a consensus broker rating score of 2.50 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. LSC Communications’ rating score has declined by 150% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus price target 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 weighed in on LKSD shares. Wells Fargo & Company started coverage on LSC Communications in a research report on Monday, March 27th. They set a “market perform” rating and a $25.00 target price for the company. Bank of America Corporation began coverage on LSC Communications in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $24.00 price target for the company. Zacks Investment Research lowered LSC Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Finally, Citigroup Inc. began coverage on LSC Communications in a research report on Tuesday, May 30th. They issued a “neutral” rating and a $23.00 price target for the company.

Shares of LSC Communications (LKSD) traded up 4.49% during midday trading on Friday, reaching $21.88. The company had a trading volume of 717,562 shares. LSC Communications has a 1-year low of $17.00 and a 1-year high of $37.40. The firm’s 50 day moving average price is $22.21 and its 200-day moving average price is $24.70. The stock has a market capitalization of $742.63 million and a price-to-earnings ratio of 9.65.

LSC Communications (NASDAQ:LKSD) last issued its earnings results on Thursday, May 4th. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.42. The business had revenue of $821 million during the quarter, compared to analyst estimates of $839.75 million. LSC Communications’s revenue for the quarter was down 6.7% compared to the same quarter last year. Equities research analysts expect that LSC Communications will post $2.29 EPS for the current fiscal year.

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

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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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