Donnelley Financial Solutions (NYSE:DFIN) Sets New 52-Week Low on Disappointing Earnings

Donnelley Financial Solutions, Inc. (NYSE:DFIN) shares reached a new 52-week low during trading on Wednesday following a weaker than expected earnings announcement. The company traded as low as $48.38 and last traded at $51.02, with a volume of 1006041 shares trading hands. The stock had previously closed at $65.85.

The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.22). Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The firm had revenue of $156.30 million during the quarter, compared to analysts’ expectations of $169.20 million.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Needham & Company LLC lowered their target price on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday. B. Riley lowered their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th.

Insider Buying and Selling

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total value of $188,040.00. Following the sale, the chief financial officer now owns 197,406 shares of the company’s stock, valued at $12,373,408.08. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Donnelley Financial Solutions

Large investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Donnelley Financial Solutions by 18.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 100,280 shares of the company’s stock worth $6,291,000 after acquiring an additional 15,873 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in Donnelley Financial Solutions by 66.8% during the fourth quarter. Voloridge Investment Management LLC now owns 48,066 shares of the company’s stock worth $3,015,000 after acquiring an additional 19,245 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Donnelley Financial Solutions by 14.4% during the fourth quarter. Two Sigma Advisers LP now owns 136,600 shares of the company’s stock worth $8,569,000 after acquiring an additional 17,200 shares in the last quarter. Two Sigma Investments LP boosted its stake in Donnelley Financial Solutions by 29.3% during the fourth quarter. Two Sigma Investments LP now owns 151,795 shares of the company’s stock worth $9,522,000 after acquiring an additional 34,356 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in Donnelley Financial Solutions during the fourth quarter worth about $19,595,000. Institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1.40 billion, a PE ratio of 15.16 and a beta of 1.36. The firm’s fifty day simple moving average is $62.95 and its 200-day simple moving average is $63.54.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).