RR Donnelley & Sons (RRD) Hits New 52-Week Low at $2.88

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RR Donnelley & Sons Co (NYSE:RRD)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.88 and last traded at $2.99, with a volume of 56596 shares. The stock had previously closed at $3.11.

Separately, Zacks Investment Research raised RR Donnelley & Sons from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 7th.

The company has a market capitalization of $209.57 million, a PE ratio of 3.91 and a beta of 1.41.

RR Donnelley & Sons (NYSE:RRD) last posted its earnings results on Tuesday, April 30th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. RR Donnelley & Sons had a negative return on equity of 21.78% and a negative net margin of 0.15%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the company earned ($0.10) EPS. RR Donnelley & Sons’s revenue was down 10.9% on a year-over-year basis. As a group, analysts expect that RR Donnelley & Sons Co will post 0.74 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 4.36%. The ex-dividend date is Tuesday, May 14th. RR Donnelley & Sons’s payout ratio is 17.14%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund purchased a new position in RR Donnelley & Sons during the fourth quarter worth $27,000. Nisa Investment Advisors LLC lifted its holdings in shares of RR Donnelley & Sons by 52.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 11,600 shares of the business services provider’s stock worth $46,000 after acquiring an additional 4,000 shares during the period. PNC Financial Services Group Inc. increased its position in RR Donnelley & Sons by 22.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,053 shares of the business services provider’s stock worth $48,000 after purchasing an additional 2,218 shares in the last quarter. Bessemer Group Inc. increased its position in RR Donnelley & Sons by 2,112.9% during the 4th quarter. Bessemer Group Inc. now owns 14,871 shares of the business services provider’s stock worth $58,000 after purchasing an additional 14,199 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in RR Donnelley & Sons by 343.7% during the 4th quarter. Meeder Asset Management Inc. now owns 15,134 shares of the business services provider’s stock worth $60,000 after purchasing an additional 11,723 shares in the last quarter. 86.93% of the stock is currently owned by hedge funds and other institutional investors.

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About RR Donnelley & Sons (NYSE:RRD)

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.

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