RR Donnelley & Sons Co (NYSE:RRD) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus target price of $8.00 for the company, according to Zacks. Zacks has also assigned RR Donnelley & Sons an industry rank of 152 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of RR Donnelley & Sons from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.
RR Donnelley & Sons (NYSE:RRD) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.09. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.61 billion. RR Donnelley & Sons had a negative return on equity of 23.43% and a negative net margin of 0.40%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. Research analysts predict that RR Donnelley & Sons will post 0.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a $0.03 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.12 dividend on an annualized basis and a yield of 3.08%. RR Donnelley & Sons’s payout ratio is 17.14%.
Several institutional investors have recently modified their holdings of the business. Coldstream Capital Management Inc. purchased a new stake in shares of RR Donnelley & Sons during the 3rd quarter worth about $46,000. Public Employees Retirement System of Ohio increased its stake in shares of RR Donnelley & Sons by 184.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,407 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 58,612 shares in the last quarter. State Street Corp increased its stake in shares of RR Donnelley & Sons by 2.2% in the 3rd quarter. State Street Corp now owns 2,322,168 shares of the business services provider’s stock valued at $8,755,000 after purchasing an additional 49,874 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in RR Donnelley & Sons in the 3rd quarter worth about $43,000. Finally, Russell Investments Group Ltd. raised its holdings in RR Donnelley & Sons by 809.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 292,043 shares of the business services provider’s stock worth $1,084,000 after purchasing an additional 259,930 shares during the period. Institutional investors and hedge funds own 77.79% of the company’s stock.
About RR Donnelley & Sons
R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.
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