Donnelley Financial Solutions (NYSE:DFIN) Issues Earnings Results

Donnelley Financial Solutions (NYSE:DFIN) announced its quarterly earnings results on Tuesday. The company reported $0.70 EPS for the quarter, topping the consensus estimate 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 return on equity of 22.46% and a net margin of 4.33%.

Donnelley Financial Solutions Stock Performance

Donnelley Financial Solutions stock opened at $39.03 on Tuesday. Donnelley Financial Solutions has a 12-month low of $37.07 and a 12-month high of $67.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 37.17 and a beta of 0.92. The firm’s fifty day moving average price is $48.41 and its 200 day moving average price is $50.37.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Vestcor Inc acquired a new stake in Donnelley Financial Solutions during the 3rd quarter valued at approximately $160,000. BNP Paribas Financial Markets boosted its stake in shares of Donnelley Financial Solutions by 64.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,973 shares of the company’s stock valued at $183,000 after buying an additional 1,160 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Donnelley Financial Solutions by 130.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,458 shares of the company’s stock worth $213,000 after buying an additional 1,955 shares in the last quarter. Lido Advisors LLC increased its stake in shares of Donnelley Financial Solutions by 9.0% in the third quarter. Lido Advisors LLC now owns 4,626 shares of the company’s stock worth $238,000 after buying an additional 381 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in Donnelley Financial Solutions in the second quarter valued at $280,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DFIN. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Monday, December 29th. Wall Street Zen raised shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Needham & Company LLC restated a “buy” rating and set a $57.00 target price on shares of Donnelley Financial Solutions in a report on Wednesday, January 14th. DA Davidson reaffirmed a “buy” rating and set a $66.00 price target on shares of Donnelley Financial Solutions in a research report on Friday, January 30th. Finally, CJS Securities raised Donnelley Financial Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Donnelley Financial Solutions currently has an average rating of “Moderate Buy” and an average 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.