Brokerages Expect Donnelley Financial Solutions Inc (DFIN) to Announce $0.20 Earnings Per Share

Wall Street analysts expect Donnelley Financial Solutions Inc (NYSE:DFIN) to post earnings per share of $0.20 for the current quarter, according to Zacks. Three analysts have issued estimates for Donnelley Financial Solutions’ earnings, with estimates ranging from $0.18 to $0.23. Donnelley Financial Solutions also reported earnings per share of $0.20 during the same quarter last year. The business is scheduled to issue its next earnings report before the market opens on Wednesday, November 7th.

According to Zacks, analysts expect that Donnelley Financial Solutions will report full year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.65 to $1.75. For the next fiscal year, analysts expect that the company will post earnings of $1.75 per share, with EPS estimates ranging from $1.63 to $1.87. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Donnelley Financial Solutions.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Thursday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.10). Donnelley Financial Solutions had a return on equity of 18.40% and a net margin of 0.83%. The company had revenue of $290.60 million during the quarter, compared to analyst estimates of $297.13 million.

DFIN has been the subject of a number of recent analyst reports. Zacks Investment Research raised Donnelley Financial Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. Bank of America cut Donnelley Financial Solutions from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research note on Friday, August 3rd. Finally, JPMorgan Chase & Co. lowered Donnelley Financial Solutions from a “neutral” rating to an “underweight” rating in a report on Tuesday, September 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.50.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC acquired a new stake in Donnelley Financial Solutions during the second quarter worth approximately $137,000. Glen Harbor Capital Management LLC raised its holdings 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 worth $164,000 after acquiring an additional 2,958 shares during the last quarter. Zebra Capital Management LLC acquired a new stake in shares of Donnelley Financial Solutions in the 2nd quarter worth about $174,000. Paloma Partners Management Co acquired a new stake in shares of Donnelley Financial Solutions in the 2nd quarter worth about $181,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Donnelley Financial Solutions in the 2nd quarter worth about $213,000. 86.17% of the stock is owned by institutional investors.

Donnelley Financial Solutions stock traded down $0.02 during mid-day trading on Friday, reaching $15.82. 150,139 shares of the company’s stock traded hands, compared to its average volume of 171,720. The company has a quick ratio of 1.74, a current ratio of 1.83 and a debt-to-equity ratio of 2.69. The company has a market cap of $537.88 million, a price-to-earnings ratio of 16.48, a PEG ratio of 2.21 and a beta of 2.04. Donnelley Financial Solutions has a 12-month low of $14.48 and a 12-month high of $22.17.

Donnelley Financial Solutions Company Profile

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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