R.R. Donnelley & Sons (RRD) Bonds Trading 0.9% Higher

An issue of R.R. Donnelley & Sons Company (NYSE:RRD) debt rose 0.9% against its face value during trading on Tuesday. The high-yield issue of debt has a 6% coupon and is set to mature on April 1, 2024. The bonds in the issue are now trading at $96.25 and were trading at $94.00 last week. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.

A number of brokerages have recently weighed in on RRD. BidaskClub lowered R.R. Donnelley & Sons from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. TheStreet lowered R.R. Donnelley & Sons from a “c-” rating to a “d” rating in a report on Thursday, October 26th. Finally, ValuEngine raised R.R. Donnelley & Sons from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st.

R.R. Donnelley & Sons Company (RRD) traded up $0.10 during trading on Thursday, reaching $9.50. The company had a trading volume of 635,800 shares, compared to its average volume of 535,245. The firm has a market capitalization of $658.94, a price-to-earnings ratio of -1.34 and a beta of 1.98. R.R. Donnelley & Sons Company has a 12-month low of $7.15 and a 12-month high of $18.52. The company has a debt-to-equity ratio of -13.69, a quick ratio of 1.19 and a current ratio of 1.50.

R.R. Donnelley & Sons (NYSE:RRD) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.07). The company had revenue of $1.73 billion for the quarter. R.R. Donnelley & Sons had a negative return on equity of 42.52% and a negative net margin of 7.15%. During the same quarter last year, the business posted $1.07 earnings per share. sell-side analysts anticipate that R.R. Donnelley & Sons Company will post 1.17 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.89%. R.R. Donnelley & Sons’s dividend payout ratio (DPR) is -7.92%.

Institutional investors have recently bought and sold shares of the stock. Smith Asset Management Group LP acquired a new stake in R.R. Donnelley & Sons during the third quarter worth about $102,000. Piedmont Investment Advisors LLC purchased a new position in R.R. Donnelley & Sons during the second quarter worth approximately $190,000. Caxton Associates LP boosted its position in R.R. Donnelley & Sons by 1.3% during the second quarter. Caxton Associates LP now owns 15,600 shares of the business services provider’s stock worth $196,000 after purchasing an additional 200 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in R.R. Donnelley & Sons during the third quarter worth approximately $260,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in R.R. Donnelley & Sons by 59.3% during the third quarter. Municipal Employees Retirement System of Michigan now owns 26,270 shares of the business services provider’s stock worth $271,000 after purchasing an additional 9,780 shares in the last quarter. 85.61% of the stock is currently owned by hedge funds and other institutional investors.

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About R.R. Donnelley & Sons

R.R. Donnelley & Sons Company helps organizations communicate by working to create, manage, produce, distribute and process content on behalf of its customers. The Company’s segments include Variable Print, Strategic Services, International and Corporate. The Variable Print segment includes the Company’s United States short-run and transactional printing operations.

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