LSC Communications (LKSD) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of LSC Communications (NYSE:LKSD) from a hold rating to a sell rating in a research note released on Wednesday, May 9th.

According to Zacks, “LSC Communications, Inc. provides traditional and digital print, print-related services and office products which serves publishers, merchandisers and retailers. The Company’s service offering includes e-services, warehousing and fulfillment and supply chain management. LSC Communications, Inc. is based in Chicago, United States. “

LKSD has been the topic of a number of other research reports. ValuEngine raised shares of LSC Communications from a buy rating to a strong-buy rating in a research report on Tuesday, January 9th. Citigroup decreased their target price on shares of LSC Communications from $15.00 to $14.00 and set a neutral rating on the stock in a research report on Friday, May 4th. Finally, Bank of America cut shares of LSC Communications from a neutral rating to an underperform rating in a research report on Monday, April 2nd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $19.00.

Shares of LSC Communications opened at $12.39 on Wednesday, Marketbeat reports. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.04 and a current ratio of 1.36. The stock has a market cap of $419.54 million, a PE ratio of 7.04, a PEG ratio of 3.70 and a beta of 0.01. LSC Communications has a twelve month low of $11.79 and a twelve month high of $12.17.

LSC Communications (NYSE:LKSD) last announced its quarterly earnings results on Thursday, May 3rd. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.28). The firm had revenue of $929.00 million for the quarter, compared to analyst estimates of $873.77 million. LSC Communications had a negative net margin of 1.81% and a positive return on equity of 22.60%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. analysts forecast that LSC Communications will post 2.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 4th. Shareholders of record on Tuesday, May 15th will be given a $0.26 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $1.04 dividend on an annualized basis and a yield of 8.39%. LSC Communications’s payout ratio is currently 52.79%.

A number of hedge funds and other institutional investors have recently bought and sold shares of LKSD. Russell Investments Group Ltd. lifted its position in LSC Communications by 83.9% in the first quarter. Russell Investments Group Ltd. now owns 9,880 shares of the company’s stock valued at $173,000 after buying an additional 4,507 shares during the last quarter. Koch Industries Inc. acquired a new position in LSC Communications in the first quarter valued at about $260,000. OMERS ADMINISTRATION Corp acquired a new position in LSC Communications in the first quarter valued at about $309,000. Engineers Gate Manager LP acquired a new stake in shares of LSC Communications during the first quarter worth about $366,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of LSC Communications during the first quarter worth about $378,000. 85.24% of the stock is currently owned by institutional investors.

LSC Communications Company Profile

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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