Equities research analysts expect that Donnelley Financial Solutions Inc (NYSE:DFIN) will announce sales of $218.03 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Donnelley Financial Solutions’ earnings, with the lowest sales estimate coming in at $213.30 million and the highest estimate coming in at $221.90 million. Donnelley Financial Solutions posted sales of $222.60 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.1%. The company is expected to announce its next quarterly earnings report before the market opens on Wednesday, November 7th.
According to Zacks, analysts expect that Donnelley Financial Solutions will report full year sales of $975.53 million for the current financial year, with estimates ranging from $971.40 million to $980.00 million. For the next year, analysts anticipate that the business will post sales of $953.38 million, with estimates ranging from $945.90 million to $959.24 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover Donnelley Financial Solutions.
Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.10). Donnelley Financial Solutions had a net margin of 0.83% and a return on equity of 18.40%. The company had revenue of $290.60 million during the quarter, compared to analyst estimates of $297.13 million.
A number of analysts have weighed in on DFIN shares. Zacks Investment Research upgraded Donnelley Financial Solutions from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 3rd. Wells Fargo & Co decreased their price target on Donnelley Financial Solutions from $22.00 to $19.00 and set a “market perform” rating for the company in a report on Monday, June 25th. Bank of America downgraded Donnelley Financial Solutions from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a report on Friday, August 3rd. Finally, JPMorgan Chase & Co. downgraded Donnelley Financial Solutions from a “neutral” rating to an “underweight” rating in a report on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $23.50.
Shares of Donnelley Financial Solutions stock opened at $15.94 on Friday. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.83 and a quick ratio of 1.74. Donnelley Financial Solutions has a 1-year low of $15.22 and a 1-year high of $22.17. The stock has a market cap of $609.28 million, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 2.51 and a beta of 2.43.
Institutional investors have recently modified their holdings of the business. Piedmont Investment Advisors LLC acquired a new stake in Donnelley Financial Solutions during the 2nd quarter worth about $137,000. Glen Harbor Capital Management LLC grew its stake in shares of Donnelley Financial Solutions by 45.5% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 9,452 shares of the company’s stock valued at $164,000 after buying an additional 2,958 shares during the period. Zebra Capital Management LLC acquired a new stake in shares of Donnelley Financial Solutions in the 2nd quarter valued at about $174,000. Paloma Partners Management Co acquired a new stake in shares of Donnelley Financial Solutions in the 2nd quarter valued at about $181,000. Finally, Aperio Group LLC acquired a new stake in shares of Donnelley Financial Solutions in the 1st quarter valued at about $193,000. Hedge funds and other institutional investors own 86.17% of the company’s stock.
About Donnelley Financial Solutions
Donnelley Financial Solutions, Inc provides financial communications, and data and analytics services for the investment and capital markets worldwide. It offers communication tools and services to allow its clients to comply with ongoing regulatory filings; and communications services to create, manage, and deliver registration statements, prospectuses, proxies, and other communications to regulators and investors.
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