Donnelley Financial Solutions Inc (NYSE:DFIN) has been given a consensus rating of “Hold” by the seven brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $23.33.
DFIN has been the topic of several recent analyst reports. ValuEngine raised Donnelley Financial Solutions from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Citigroup reaffirmed a “neutral” rating and issued a $22.00 price target on shares of Donnelley Financial Solutions in a report on Thursday, November 16th. Finally, Zacks Investment Research cut Donnelley Financial Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, March 6th.
Large investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC purchased a new stake in shares of Donnelley Financial Solutions in the 2nd quarter valued at about $272,000. The Manufacturers Life Insurance Company raised its holdings in shares of Donnelley Financial Solutions by 741.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,079 shares of the company’s stock valued at $507,000 after acquiring an additional 19,454 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Donnelley Financial Solutions by 45.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 541,324 shares of the company’s stock valued at $12,429,000 after acquiring an additional 168,498 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Donnelley Financial Solutions by 21.4% in the 2nd quarter. State Street Corp now owns 705,116 shares of the company’s stock valued at $16,182,000 after acquiring an additional 124,223 shares in the last quarter. 89.15% of the stock is currently owned by hedge funds and other institutional investors.
Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). The company had revenue of $224.80 million for the quarter, compared to analysts’ expectations of $222.85 million. Donnelley Financial Solutions had a return on equity of 27.42% and a net margin of 0.97%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. analysts expect that Donnelley Financial Solutions will post 1.19 earnings per share for the current fiscal year.
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About Donnelley Financial Solutions
Donnelley Financial Solutions, Inc is a financial communications services company that supports global capital markets compliance and transaction needs for its corporate clients and their advisors (such as law firms and investment bankers), and global investment markets compliance and analytics needs for mutual fund companies, variable annuity providers and broker/dealers.
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