RR Donnelley & Sons (NYSE:RRD) released its quarterly earnings data on Friday. The business services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01), MarketWatch Earnings reports. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.38 billion. RR Donnelley & Sons had a negative return on equity of 43.62% and a net margin of 3.96%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share.
RRD traded up $0.07 on Friday, reaching $10.82. The company had a trading volume of 63,527 shares, compared to its average volume of 1,930,616. RR Donnelley & Sons has a fifty-two week low of $2.19 and a fifty-two week high of $11.33. The stock has a market cap of $788.78 million, a P/E ratio of 4.01 and a beta of 2.50. The company’s fifty day moving average is $10.92 and its 200 day moving average is $8.13.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG grew its stake in RR Donnelley & Sons by 6.7% in the 4th quarter. Deutsche Bank AG now owns 43,502 shares of the business services provider’s stock valued at $490,000 after buying an additional 2,740 shares during the last quarter. Citigroup Inc. boosted its holdings in RR Donnelley & Sons by 43.1% in the 4th quarter. Citigroup Inc. Now owns 17,978 shares of the business services provider’s stock valued at $202,000 after purchasing an additional 5,418 during the period. Geode Capital Management LLC boosted its holdings in RR Donnelley & Sons by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,199,325 shares of the business services provider’s stock valued at $13,504,000 after purchasing an additional 6,606 shares during the period. Metropolitan Life Insurance Co NY boosted its holdings in RR Donnelley & Sons by 131.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,404 shares of the business services provider’s stock valued at $162,000 after purchasing an additional 8,183 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in RR Donnelley & Sons by 114.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 19,804 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 10,554 shares during the period. Institutional investors and hedge funds own 74.96% of the company’s stock.
Separately, TheStreet upgraded shares of RR Donnelley & Sons from a “d” rating to a “c-” rating in a research note on Thursday, October 28th.
RR Donnelley & Sons Company Profile
RR Donnelley & Sons Co engages in the provision of multichannel communication solutions. It operates through the following segments: Commercial Print, Logistics, Statement Printing, Labels, Packaging, Supply Chain Management, Forms and Business Process Outsourcing. The Commercial Print segment provides various commercial printing products and offer a full range of branded materials including manuals, publications, brochures, business cards, flyers, post cards, posters and promotional items.
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