RR Donnelley & Sons (RRD) Raised to Hold at Zacks Investment Research

RR Donnelley & Sons (NYSE:RRD) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “RR Donnelley is a leading global provider of integrated multichannel marketing and business communications solutions. The company helps the customers communicate more efficiently and effectively as they use words and images to inform, educate, entertain and sell. In each of the businesses, the company uses the distinctive capabilities to manage and distribute words and images in ways that provide the greatest value to every customer. RR Donnelley offers a comprehensive portfolio of capabilities, experience and scale that enables organizations around the world to effectively create, manage, deliver and optimize their multichannel communications strategies. RR Donnelley’s innovative technologies enhance digital and print communications to deliver integrated messages across multiple media to highly targeted audiences at optimal times for clients in virtually every private and public sector. “

Shares of RRD stock traded down $0.09 during trading on Thursday, reaching $4.79. 14,922 shares of the company’s stock traded hands, compared to its average volume of 738,309. The stock has a market capitalization of $435.07 million, a P/E ratio of 6.84 and a beta of 1.44. RR Donnelley & Sons has a 1 year low of $3.49 and a 1 year high of $9.56.

RR Donnelley & Sons (NYSE:RRD) last announced its quarterly earnings results on Tuesday, February 26th. The business services provider reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. RR Donnelley & Sons had a negative net margin of 0.59% and a negative return on equity of 28.57%. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. On average, sell-side analysts anticipate that RR Donnelley & Sons will post 0.84 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of RRD. Wells Fargo & Company MN lifted its holdings in shares of RR Donnelley & Sons by 13.0% during the 3rd quarter. Wells Fargo & Company MN now owns 129,570 shares of the business services provider’s stock worth $699,000 after acquiring an additional 14,899 shares during the last quarter. Systematic Financial Management LP lifted its holdings in shares of RR Donnelley & Sons by 30.1% during the 3rd quarter. Systematic Financial Management LP now owns 277,661 shares of the business services provider’s stock worth $1,499,000 after acquiring an additional 64,240 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of RR Donnelley & Sons by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 976,577 shares of the business services provider’s stock worth $5,274,000 after acquiring an additional 134,949 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of RR Donnelley & Sons by 190.5% during the 3rd quarter. Prudential Financial Inc. now owns 606,899 shares of the business services provider’s stock worth $3,277,000 after acquiring an additional 397,980 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of 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 during the last quarter. 83.71% of the stock is owned by institutional investors.

RR Donnelley & Sons Company Profile

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.

Further Reading: Calculating net profit and net profit margin ratio

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