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Lexmark International, Inc.

5/24/2013, 7:33 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 22, 12:51 PM Avoid names with hefty PC, server, or printer exposure, says Goldman, lowering its 2013 PC shipment forecast to -6.8% from -3.8% and - pointing at DELL's earnings - warning pockets of price aggression at OEMs could spread. Making the list are sell-rated: HPQ, LXK, and QLGC. H-P reports after the bell. 5 Comments [Tech]
Tuesday, May 14, 9:47 AM Goldman resumes coverage on Lexmark (LXK -2.4%) with a Sell and $23 PT. Shares are "more than fully valued" following a 33% YTD gain in light of slumping laser printer demand and the investments needed for Lexmark to transform into a software/services/solutions-focused company, says analyst Bill Shope. Shares took off last month following a Q1 beat and solid revenue guidance. Comment! [Tech]
Friday, April 26, 4:08 PM Lexmark (LXK +4.5%) closes with a strong gain after BlueMountain Capital discloses a 5.6% stake in the struggling and heavily-shorted printer maker. Shares jumped earlier this week thanks to a Q1 beat. Comment! [Tech, On the Move]
Thursday, April 25, 7:25 PM Lexmark International Inc (LXK) declares $0.30/share quarterly dividend, in line with previous. Forward yield 4.32%. For shareholders of record May 31. Payable June 14. Ex-div date May 29. (PR) Comment! [Dividends]
Tuesday, April 23, 10:37 AM Rivals Lexmark (LXK +13%) and Xerox (XRX -0.7%) are reacting very differently to their Q1 reports. Lexmark, which had 22.3% of its float shorted as of March 28, is soaring following a Q1 beat and better-than-feared top-line guidance: the company expects Q2 revenue to drop 6%-8% Y/Y, a little above an 8.1% consensus. EPS is expected to come in at $0.80-$0.90 vs. an $0.89 consensus. Gross margin rose 40 bps Y/Y in Q1 to 39.8%. Xerox is down slightly following mixed results and Q2 EPS guidance of $0.23-$0.25, below a $0.26 consensus. 2013 guidance has been reiterated. H-P (HPQ +0.2%), a rival to both firms, is near breakeven on an up day for tech. (PRs: I, II) Comment! [Tech, Earnings, On the Move]
Tuesday, April 23, 7:09 AM Lexmark (LXK): Q1 EPS of $0.88 beats by $0.02. Non-GAAP Revenue of $886M (-11% Y/Y) beats by $12.38M. (PR) Comment! [Earnings, Breaking News, Tech]
Tuesday, April 23, 12:05 AM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX 1 Comment [Earnings]
Monday, April 22, 5:30 PM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX Comment! [Earnings]
Monday, March 4, 9:20 AM Lexmark International (LXK): Q4 EPS of $0.61. Non-GAAP Revenue of $968M (-9% Y/Y). (PR) 1 Comment [Earnings, Breaking News, Tech]
Thursday, February 21, 6:33 PM Lexmark International Inc (LXK) declares $0.30/share quarterly dividend, in line with previous. Forward yield 5.39%. For shareholders of record Mar. 04. Payable Mar. 15. Ex-div date Feb. 28. (PR) Comment! [Dividends]
Tuesday, January 29, 12:45 PM Midday top 10 gainers: MLNK +32%. KERX +30%. SOMH +25%. VTUS +24%. MHH +14%. SWIR +14%. AEZS +11%. CNIT +11%. IBCP +10%. SSBI +10%.
Midday top 10 Losers: OXF -31%. ANAC -21%. VMW -20%. SANM -18%. OCZ -18%. LXK -15%. CTC -13%. GIG -12%. NTGR -11%. SHIP -11%. Comment! [On the Move]
Tuesday, January 29, 10:15 AM Lexmark (LXK -7.8%) opens with a thud after badly missing Q4 EPS estimates. Also hurting is Q1 guidance for an 11%-13% revenue drop and EPS of $0.80-$0.90, largely below a consensus for an 11.3% drop and EPS of $1.01. Q4 gross margin was 34.1%, -160 bps Q/Q and -330 bps Y/Y. Hardware revenue -15% Y/Y, supplies -10%. Software sales +25%, but were only 9% of total. Shares had rallied strongly since July, fueled by enthusiasm over Lexmark's restructuring efforts. Rivals are off: HPQ -1.8%. XRX -1.5%. (PR) (slides) Comment! [Tech, On the Move, Earnings]
Tuesday, January 29, 9:10 AM Premarket gainers: KERX +18%. PLXT +10%. VLO +8%. OPK +7%. HES +7%. RPRX +6%. AKS +6%.
Losers: OXF -24%. ANAC -23%. VMW -19%. LXK -6%. RBS -6%. STX -6%. EDU -5%. Comment! [On the Move]
Tuesday, January 29, 7:11 AM Lexmark (LXK): Q4 EPS of $0.61 misses by $0.28. Non-Gaap Revenue of $968M (-9% Y/Y) beats by $33.97M. (PR) Comment! [Earnings, Breaking News, Tech]
Tuesday, January 29, 12:05 AM Notable earnings before Tuesday’s open: AKS, ARLP, ASH, BSX, BTU, CIT, CP, DHI, EDU, EMC, F, GLW, GNTX, HOG, HRS, HW, IP, ITW, JBLU, KLIC, LLY, LXK, NEE, NUE, PFE, PHG, PII, PNR, TROW, TUP, TYC, VLO, WRB, X Comment! [Earnings]
Monday, January 28, 5:30 PM Notable earnings before Tuesday’s open: AKS, ARLP, ASH, BSX, BTU, CIT, CP, DHI, EDU, EMC, F, GLW, GNTX, HOG, HRS, HW, IP, ITW, JBLU, KLIC, LLY, LXK, NEE, NUE, PFE, PHG, PII, PNR, TROW, TUP, TYC, VLO, WRB, X Comment! [Earnings]