LSC Communications Inc (NASDAQ:LKSD) released its quarterly earnings results on Thursday. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03, Bloomberg Earnings reports. LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The company had revenue of $935.00 million for the quarter, compared to the consensus estimate of $928.67 million. During the same period in the previous year, the firm earned $1.26 EPS. LSC Communications’s revenue was down 1.5% on a year-over-year basis.
LSC Communications (NASDAQ LKSD) traded down $0.02 during midday trading on Friday, hitting $15.71. 342,437 shares of the company were exchanged.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Wednesday, November 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.37%.
In related news, Director Shivan S. Subramaniam purchased 3,500 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average price of $16.41 per share, for a total transaction of $57,435.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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A number of analysts have commented on LKSD shares. Zacks Investment Research upgraded shares of LSC Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. J P Morgan Chase & Co started coverage on shares of LSC Communications in a research report on Friday, July 21st. They set a “neutral” rating on the stock. Citigroup Inc downgraded shares of LSC Communications from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. Finally, BidaskClub upgraded shares of LSC Communications from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. LSC Communications currently has an average rating of “Hold” and an average price target of $24.00.
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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