Zacks Investment Research lowered shares of LSC Communications (NYSE:LKSD) from a hold rating to a sell rating in a research report report published on Thursday, January 4th.

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. “

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Several other research analysts have also recently issued reports on the stock. Citigroup upgraded shares of LSC Communications from a sell rating to a neutral rating and set a $23.00 target price for the company in a report on Tuesday, November 14th. BidaskClub cut shares of LSC Communications from a sell rating to a strong sell rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $24.00.

Shares of LSC Communications (NYSE:LKSD) traded down $0.27 during trading hours on Thursday, hitting $14.07. 63,798 shares of the company’s stock were exchanged, compared to its average volume of 228,247. LSC Communications has a 52 week low of $13.72 and a 52 week high of $28.96. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.10 and a current ratio of 1.42. The stock has a market cap of $507.00, a P/E ratio of 49.45, a PEG ratio of -3.25 and a beta of 5.96.

LSC Communications (NYSE:LKSD) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. LSC Communications had a net margin of 0.28% and a return on equity of 24.72%. 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 prior year, the firm posted $1.26 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. research analysts expect that LSC Communications will post 2.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.04 dividend on an annualized basis and a yield of 7.39%. This is an increase from LSC Communications’s previous quarterly dividend of $0.25. LSC Communications’s dividend payout ratio is presently 344.84%.

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in LSC Communications during the 2nd quarter worth $138,000. Sei Investments Co. increased its holdings in shares of LSC Communications by 53.3% in the 2nd quarter. Sei Investments Co. now owns 6,508 shares of the company’s stock valued at $139,000 after purchasing an additional 2,263 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of LSC Communications in the 2nd quarter valued at about $205,000. AHL Partners LLP increased its holdings in shares of LSC Communications by 0.7% in the 2nd quarter. AHL Partners LLP now owns 9,967 shares of the company’s stock valued at $213,000 after purchasing an additional 72 shares in the last quarter. Finally, Airain ltd purchased a new position in shares of LSC Communications in the 2nd quarter valued at about $256,000. Institutional investors own 84.56% of the company’s stock.

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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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