Donnelley Financial Solutions (NYSE:DFIN) Issues Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Donnelley Financial Solutions (NYSE:DFIN) announced its quarterly earnings data on Tuesday. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.30, FiscalAI reports. The company had revenue of $172.50 million during the quarter, compared to analyst estimates of $155.27 million. Donnelley Financial Solutions had a net margin of 4.33% and a return on equity of 22.46%.

Donnelley Financial Solutions Stock Performance

DFIN stock opened at $39.03 on Tuesday. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 37.17 and a beta of 0.92. The firm has a 50-day simple moving average of $48.41 and a two-hundred day simple moving average of $50.37. Donnelley Financial Solutions has a one year low of $37.07 and a one year high of $67.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.13.

Institutional Investors Weigh In On Donnelley Financial Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of DFIN. Simcoe Capital Management LLC grew its holdings in Donnelley Financial Solutions by 34.0% in the second quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company’s stock worth $63,976,000 after purchasing an additional 263,570 shares during the last quarter. Shapiro Capital Management LLC boosted its position in shares of Donnelley Financial Solutions by 33.1% in the 3rd quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company’s stock worth $36,586,000 after purchasing an additional 176,720 shares in the last quarter. Alliancebernstein L.P. grew its stake in Donnelley Financial Solutions by 1,842.6% during the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock worth $36,537,000 after buying an additional 562,144 shares during the last quarter. Invesco Ltd. grew its stake in Donnelley Financial Solutions by 18.0% during the 2nd quarter. Invesco Ltd. now owns 500,100 shares of the company’s stock worth $30,831,000 after buying an additional 76,217 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Donnelley Financial Solutions by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 366,378 shares of the company’s stock valued at $17,106,000 after buying an additional 8,078 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on DFIN shares. Wall Street Zen raised shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. CJS Securities upgraded Donnelley Financial Solutions to a “strong-buy” rating in a report on Thursday, December 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $57.00 target price on shares of Donnelley Financial Solutions in a research report on Wednesday, January 14th. Zacks Research cut Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.50.

About Donnelley Financial Solutions

Donnelley Financial Solutions (NYSE:DFIN) offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN’s flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.