Donnelley Financial Solutions Inc (DFIN) Expected to Post Quarterly Sales of $262.49 Million

Analysts forecast that Donnelley Financial Solutions Inc (NYSE:DFIN) will post sales of $262.49 million for the current quarter, Zacks reports. Two analysts have provided estimates for Donnelley Financial Solutions’ earnings, with the highest sales estimate coming in at $262.90 million and the lowest estimate coming in at $262.08 million. Donnelley Financial Solutions reported sales of $267.30 million in the same quarter last year, which would suggest a negative year over year growth rate of 1.8%. The firm is expected to report its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Donnelley Financial Solutions will report full year sales of $262.49 million for the current year, with estimates ranging from $1.01 billion to $1.02 billion. For the next financial year, analysts forecast that the firm will post sales of $1.03 billion per share, with estimates ranging from $1.03 billion to $1.04 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Donnelley Financial Solutions.

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Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.08). The firm had revenue of $224.80 million for the quarter, compared to analyst estimates of $222.85 million. Donnelley Financial Solutions had a return on equity of 27.42% and a net margin of 0.97%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 earnings per share.

Several analysts recently issued reports on the company. ValuEngine lowered Donnelley Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Donnelley Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Donnelley Financial Solutions presently has a consensus rating of “Hold” and a consensus target price of $23.33.

An institutional investor recently raised its position in Donnelley Financial Solutions stock. The Manufacturers Life Insurance Company raised its holdings in Donnelley Financial Solutions Inc (NYSE:DFIN) by 741.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,079 shares of the company’s stock after buying an additional 19,454 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of Donnelley Financial Solutions worth $507,000 at the end of the most recent quarter. 89.15% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions (NYSE DFIN) traded down $0.53 on Tuesday, reaching $16.90. The company had a trading volume of 273,942 shares, compared to its average volume of 316,248. Donnelley Financial Solutions has a fifty-two week low of $16.50 and a fifty-two week high of $24.00. The company has a market capitalization of $571.98, a price-to-earnings ratio of 13.20, a PEG ratio of 14.20 and a beta of 3.00. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 3.07.

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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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