Donnelley Financial Solutions (NYSE:DFIN) Announces Quarterly Earnings Results

Donnelley Financial Solutions (NYSE:DFINGet Rating) released its quarterly earnings data on Thursday. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.13), Briefing.com reports. The business had revenue of $211.00 million for the quarter, compared to analyst estimates of $219.87 million. Donnelley Financial Solutions had a return on equity of 43.83% and a net margin of 14.69%. The company’s revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.02 earnings per share.

Shares of NYSE DFIN traded down $1.16 during trading hours on Friday, reaching $26.35. The stock had a trading volume of 490,646 shares, compared to its average volume of 199,594. The firm has a market cap of $857.96 million, a price-to-earnings ratio of 6.65 and a beta of 1.98. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.33. Donnelley Financial Solutions has a fifty-two week low of $24.67 and a fifty-two week high of $52.33. The firm has a 50-day moving average of $31.54 and a 200-day moving average of $38.21.

Several research firms have recently issued reports on DFIN. DA Davidson lowered their price objective on Donnelley Financial Solutions from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, April 13th. Zacks Investment Research cut Donnelley Financial Solutions from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, B. Riley lowered their price objective on Donnelley Financial Solutions from $52.00 to $45.00 in a research report on Friday, February 18th.

In related news, CEO Daniel Leib sold 20,000 shares of the company’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $31.28, for a total value of $625,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.60% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of DFIN. Morgan Stanley raised its stake in Donnelley Financial Solutions by 47.1% during the 2nd quarter. Morgan Stanley now owns 139,281 shares of the company’s stock valued at $4,597,000 after acquiring an additional 44,569 shares during the last quarter. Royal Bank of Canada raised its stake in Donnelley Financial Solutions by 78.9% during the 3rd quarter. Royal Bank of Canada now owns 25,600 shares of the company’s stock valued at $886,000 after acquiring an additional 11,291 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Donnelley Financial Solutions by 8.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 395,836 shares of the company’s stock valued at $13,704,000 after acquiring an additional 30,145 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Donnelley Financial Solutions during the 4th quarter worth approximately $1,537,000. Finally, Geode Capital Management LLC raised its stake in shares of Donnelley Financial Solutions by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 504,158 shares of the company’s stock worth $23,766,000 after buying an additional 7,973 shares in the last quarter. 91.37% of the stock is owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Company Profile (Get Rating)

Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company worldwide. The company operates through four segments: Capital Markets Â- Software Solutions (CM-SS), Capital Markets Â- Compliance and Communications Management (CM-CCM), Investment Companies Â- Software Solutions (IC-SS), and Investment Companies Â- Compliance and Communications Management (IC-CCM).

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Earnings History for Donnelley Financial Solutions (NYSE:DFIN)

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