An issue of R.R. Donnelley & Sons Company (NYSE:RRD) bonds rose 1.5% as a percentage of their face value during trading on Wednesday. The debt issue has a 6.5% coupon and will mature on November 15, 2023. The bonds in the issue are now trading at $95.50. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.

RRD has been the subject of a number of recent research reports. BidaskClub downgraded shares of R.R. Donnelley & Sons from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. TheStreet downgraded shares of R.R. Donnelley & Sons from a “c-” rating to a “d” rating in a report on Thursday, October 26th. Finally, ValuEngine upgraded shares of R.R. Donnelley & Sons from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

Shares of R.R. Donnelley & Sons Company (NYSE:RRD) traded up $0.18 during midday trading on Wednesday, hitting $8.37. 595,019 shares of the stock were exchanged, compared to its average volume of 1,177,119. The stock has a market capitalization of $568.51, a P/E ratio of 9.11 and a beta of 1.99. R.R. Donnelley & Sons Company has a 1-year low of $7.15 and a 1-year high of $18.52. The company has a current ratio of 1.50, a quick ratio of 1.19 and a debt-to-equity ratio of -13.69.

R.R. Donnelley & Sons (NYSE:RRD) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07). R.R. Donnelley & Sons had a negative return on equity of 42.52% and a negative net margin of 7.15%. The firm had revenue of $1.73 billion for the quarter. During the same period in the previous year, the business posted $1.07 EPS. analysts expect that R.R. Donnelley & Sons Company will post 1.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.14 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.56 annualized dividend and a dividend yield of 6.69%. R.R. Donnelley & Sons’s dividend payout ratio is presently -7.92%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. acquired a new stake in shares of R.R. Donnelley & Sons in the second quarter worth approximately $4,885,000. Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of R.R. Donnelley & Sons in the second quarter worth approximately $612,000. Federated Investors Inc. PA boosted its position in shares of R.R. Donnelley & Sons by 10.1% in the second quarter. Federated Investors Inc. PA now owns 522,474 shares of the business services provider’s stock worth $6,552,000 after acquiring an additional 48,043 shares during the last quarter. Capital World Investors boosted its position in shares of R.R. Donnelley & Sons by 171.0% in the second quarter. Capital World Investors now owns 7,209,765 shares of the business services provider’s stock worth $90,410,000 after acquiring an additional 4,548,853 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of R.R. Donnelley & Sons by 171.7% in the second quarter. Russell Investments Group Ltd. now owns 199,592 shares of the business services provider’s stock worth $2,502,000 after acquiring an additional 126,135 shares during the last quarter. 89.51% of the stock is currently owned by institutional investors and hedge funds.

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About R.R. Donnelley & Sons

R.R. Donnelley & Sons Company helps organizations communicate by working to create, manage, produce, distribute and process content on behalf of its customers. The Company’s segments include Variable Print, Strategic Services, International and Corporate. The Variable Print segment includes the Company’s United States short-run and transactional printing operations.

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