RR Donnelley & Sons (RRD) Coverage Initiated by Analysts at Buckingham Research

Buckingham Research initiated coverage on shares of RR Donnelley & Sons (NYSE:RRD) in a research note released on Monday. The brokerage issued a neutral rating and a $8.00 price target on the business services provider’s stock.

Separately, ValuEngine lowered shares of RR Donnelley & Sons from a buy rating to a hold rating in a report on Wednesday, May 2nd.

Shares of RR Donnelley & Sons opened at $6.83 on Monday, Marketbeat.com reports. The company has a market cap of $502.65 million, a P/E ratio of 5.69 and a beta of 1.44. The company has a debt-to-equity ratio of -10.46, a quick ratio of 1.19 and a current ratio of 1.42. RR Donnelley & Sons has a 1 year low of $6.14 and a 1 year high of $12.99.

RR Donnelley & Sons (NYSE:RRD) last announced its quarterly earnings results on Tuesday, May 1st. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.24). The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.63 billion. RR Donnelley & Sons had a net margin of 0.09% and a negative return on equity of 37.45%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. equities research analysts forecast that RR Donnelley & Sons will post 1.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 8.20%. The ex-dividend date was Monday, May 14th. RR Donnelley & Sons’s payout ratio is 46.67%.

In other RR Donnelley & Sons news, Director Timothy R. Mclevish bought 20,000 shares of RR Donnelley & Sons stock in a transaction on Friday, May 4th. The shares were purchased at an average cost of $6.53 per share, with a total value of $130,600.00. Following the acquisition, the director now directly owns 18,466 shares of the company’s stock, valued at approximately $120,582.98. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in RR Donnelley & Sons by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 546,993 shares of the business services provider’s stock worth $4,776,000 after acquiring an additional 12,536 shares during the last quarter. Royal Bank of Canada grew its holdings in RR Donnelley & Sons by 71.3% during the 1st quarter. Royal Bank of Canada now owns 112,236 shares of the business services provider’s stock worth $980,000 after acquiring an additional 46,704 shares during the last quarter. Millennium Management LLC grew its holdings in RR Donnelley & Sons by 279.8% during the 1st quarter. Millennium Management LLC now owns 799,078 shares of the business services provider’s stock worth $6,976,000 after acquiring an additional 588,656 shares during the last quarter. Verition Fund Management LLC grew its holdings in RR Donnelley & Sons by 58.6% during the 1st quarter. Verition Fund Management LLC now owns 24,022 shares of the business services provider’s stock worth $210,000 after acquiring an additional 8,874 shares during the last quarter. Finally, Saba Capital Management L.P. grew its holdings in RR Donnelley & Sons by 40.7% during the 1st quarter. Saba Capital Management L.P. now owns 171,846 shares of the business services provider’s stock worth $1,500,000 after acquiring an additional 49,747 shares during the last quarter. 82.50% of the stock is currently owned by hedge funds and other institutional investors.

About RR Donnelley & Sons

R.R. Donnelley & Sons Company, an integrated communications company, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. The company operates through Variable Print, Strategic Services, and International segments. It offers commercial and digital print, direct mail, statement printing, logistics, sourcing, and digital and creative services, as well as produces and sells labels, forms, educational testing materials, inserts, and books.

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