Donnelley Financial Solutions Inc (NYSE:DFIN) shares dropped 0.6% during mid-day trading on Thursday after the company announced weaker than expected quarterly earnings. The company traded as low as $17.25 and last traded at $17.20. Approximately 175,176 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 222,523 shares. The stock had previously closed at $17.31.
The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). The business had revenue of $224.80 million during the quarter, compared to analyst estimates of $222.85 million. Donnelley Financial Solutions had a return on equity of 32.44% and a net margin of 3.26%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS.
DFIN has been the subject of a number of analyst reports. Zacks Investment Research raised Donnelley Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. 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. ValuEngine raised Donnelley Financial Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. Finally, BidaskClub cut Donnelley Financial Solutions from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.33.
The company has a market capitalization of $674.67, a price-to-earnings ratio of 17.57, a P/E/G ratio of 13.71 and a beta of 2.83. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.44 and a current ratio of 1.57.
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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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