Zacks: Brokerages Anticipate Donnelley Financial Solutions Inc (NYSE:DFIN) Will Post Quarterly Sales of $214.44 Million

Equities analysts forecast that Donnelley Financial Solutions Inc (NYSE:DFIN) will report sales of $214.44 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Donnelley Financial Solutions’ earnings, with the lowest sales estimate coming in at $211.80 million and the highest estimate coming in at $217.08 million. Donnelley Financial Solutions posted sales of $200.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The firm is expected to issue its next earnings results on Wednesday, February 26th.

On average, analysts expect that Donnelley Financial Solutions will report full year sales of $0.00 for the current year. For the next fiscal year, analysts anticipate that the business will report sales of $927.31 million, with estimates ranging from $924.01 million to $930.60 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Donnelley Financial Solutions.

A number of equities research analysts have weighed in on DFIN shares. DA Davidson decreased their target price on shares of Donnelley Financial Solutions from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. ValuEngine lowered Donnelley Financial Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet upgraded Donnelley Financial Solutions from a “d+” rating to a “c” rating in a research note on Monday, September 23rd. Zacks Investment Research upgraded Donnelley Financial Solutions from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Wednesday. Finally, B. Riley assumed coverage on Donnelley Financial Solutions in a research note on Wednesday, October 16th. They issued a “buy” rating and a $16.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Donnelley Financial Solutions presently has a consensus rating of “Hold” and an average price target of $16.00.

Shares of DFIN opened at $9.41 on Friday. The firm has a market cap of $392.05 million, a PE ratio of 4.36, a P/E/G ratio of 11.83 and a beta of 1.86. The company has a current ratio of 1.50, a quick ratio of 1.43 and a debt-to-equity ratio of 1.93. The firm has a fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $12.58. Donnelley Financial Solutions has a 1-year low of $9.24 and a 1-year high of $17.69.

In other news, Director Jeffrey Jacobowitz bought 107,128 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was bought at an average price of $11.36 per share, with a total value of $1,216,974.08. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.63% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. AlphaOne Investment Services LLC boosted its holdings in shares of Donnelley Financial Solutions by 192.2% during the 2nd quarter. AlphaOne Investment Services LLC now owns 18,299 shares of the company’s stock valued at $244,000 after purchasing an additional 12,037 shares during the last quarter. Zebra Capital Management LLC increased its position in shares of Donnelley Financial Solutions by 34.0% during the second quarter. Zebra Capital Management LLC now owns 22,186 shares of the company’s stock worth $296,000 after acquiring an additional 5,630 shares during the period. New York State Teachers Retirement System increased its position in shares of Donnelley Financial Solutions by 5.2% during the third quarter. New York State Teachers Retirement System now owns 61,132 shares of the company’s stock worth $753,000 after acquiring an additional 3,000 shares during the period. Morgan Stanley increased its position in shares of Donnelley Financial Solutions by 549.3% during the second quarter. Morgan Stanley now owns 228,648 shares of the company’s stock worth $3,050,000 after acquiring an additional 193,432 shares during the period. Finally, Aperio Group LLC purchased a new position in shares of Donnelley Financial Solutions during the second quarter worth approximately $141,000. 93.56% of the stock is owned by institutional investors.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company in the United States, Europe, Asia, Canada, and Latin America. The Company provides regulatory filing and deal solutions through its software-as-a-service, technology-enabled services, and print and distribution solutions to public and private companies, mutual funds, and other regulated investment firms to serve their regulatory and compliance needs.

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