RR Donnelley & Sons Co (NYSE:RRD) shares were down 6.5% during trading on Tuesday . The company traded as low as $5.85 and last traded at $5.87. Approximately 708,389 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 1,020,231 shares. The stock had previously closed at $6.28.
A number of research analysts have recently commented on RRD shares. ValuEngine upgraded shares of RR Donnelley & Sons from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. Buckingham Research upgraded shares of RR Donnelley & Sons from a “neutral” rating to a “buy” rating and upped their price target for the stock from $6.00 to $8.00 in a report on Tuesday, September 4th.
The firm has a market capitalization of $445.63 million, a P/E ratio of 4.89 and a beta of 0.74.
RR Donnelley & Sons (NYSE:RRD) last issued its earnings results on Tuesday, October 30th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. RR Donnelley & Sons had a negative net margin of 0.59% and a negative return on equity of 28.57%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the business earned $0.30 EPS. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. On average, research analysts expect that RR Donnelley & Sons Co will post 0.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.04%. The ex-dividend date was Wednesday, November 14th. RR Donnelley & Sons’s payout ratio is 10.00%.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in RR Donnelley & Sons by 13.1% during the 2nd quarter. BlackRock Inc. now owns 10,767,877 shares of the business services provider’s stock worth $62,023,000 after acquiring an additional 1,250,568 shares in the last quarter. Vanguard Group Inc. grew its holdings in RR Donnelley & Sons by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,910,534 shares of the business services provider’s stock worth $37,317,000 after acquiring an additional 565,996 shares in the last quarter. Towle & Co. grew its holdings in RR Donnelley & Sons by 15.5% during the 3rd quarter. Towle & Co. now owns 6,648,420 shares of the business services provider’s stock worth $35,901,000 after acquiring an additional 892,564 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in RR Donnelley & Sons by 10.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,710,603 shares of the business services provider’s stock worth $9,854,000 after acquiring an additional 155,742 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in RR Donnelley & Sons by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,564,011 shares of the business services provider’s stock worth $8,445,000 after acquiring an additional 55,050 shares in the last quarter. Institutional investors own 85.34% of the company’s stock.
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About RR Donnelley & Sons (NYSE:RRD)
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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