Wall Street analysts expect Donnelley Financial Solutions Inc (NYSE:DFIN) to post sales of $218.03 million for the current fiscal quarter, Zacks reports. 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 reported sales of $222.60 million during the same quarter last year, which indicates a negative year over year growth rate of 2.1%. The firm is scheduled to announce its next earnings results on Thursday, November 1st.

On average, analysts expect that Donnelley Financial Solutions will report full year sales of $975.53 million for the current year, with estimates ranging from $971.40 million to $980.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $953.45 million, with estimates ranging from $946.10 million to $959.24 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Donnelley Financial Solutions.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $297.13 million.

A number of research analysts have recently commented on DFIN shares. DA Davidson started coverage on Donnelley Financial Solutions in a research note on Thursday, June 7th. They set a “buy” rating and a $25.00 target price on the stock. Bank of America cut Donnelley Financial Solutions from a “buy” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research note on Friday, August 3rd. JPMorgan Chase & Co. cut Donnelley Financial Solutions from a “neutral” rating to an “underweight” rating in a research note on Tuesday. Wells Fargo & Co cut their target price on Donnelley Financial Solutions from $22.00 to $19.00 and set a “market perform” rating on the stock in a research note on Monday, June 25th. Finally, Zacks Investment Research raised Donnelley Financial Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $23.50.

Shares of DFIN stock opened at $18.32 on Wednesday. Donnelley Financial Solutions has a 1 year low of $15.22 and a 1 year high of $22.50. The company has a current ratio of 1.83, a quick ratio of 1.74 and a debt-to-equity ratio of 2.69. The company has a market cap of $700.40 million, a price-to-earnings ratio of 18.93, a P/E/G ratio of 2.88 and a beta of 2.33.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in Donnelley Financial Solutions in the second quarter worth approximately $137,000. Glen Harbor Capital Management LLC grew its stake in Donnelley Financial Solutions by 45.5% in the second quarter. Glen Harbor Capital Management LLC now owns 9,452 shares of the company’s stock worth $164,000 after purchasing an additional 2,958 shares in the last quarter. Zebra Capital Management LLC bought a new position in Donnelley Financial Solutions in the second quarter worth approximately $174,000. Paloma Partners Management Co bought a new position in Donnelley Financial Solutions in the second quarter worth approximately $181,000. Finally, Aperio Group LLC bought a new position in Donnelley Financial Solutions in the first quarter worth approximately $193,000. 86.17% of the stock is currently owned by hedge funds and other institutional investors.

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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