RR Donnelley & Sons (RRD) Announces Earnings Results

RR Donnelley & Sons (NYSE:RRD) announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.03, Briefing.com reports. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. RR Donnelley & Sons had a negative return on equity of 21.78% and a negative net margin of 0.15%. RR Donnelley & Sons’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.10) earnings per share. RR Donnelley & Sons updated its FY19 guidance to $0.60-0.90 EPS.

RRD opened at $2.93 on Friday. RR Donnelley & Sons has a one year low of $2.67 and a one year high of $7.28. The firm has a market cap of $198.95 million, a price-to-earnings ratio of 4.19 and a beta of 1.41.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 4.10%. RR Donnelley & Sons’s payout ratio is 17.14%.

Several large investors have recently modified their holdings of RRD. Oregon Public Employees Retirement Fund purchased a new stake in shares of RR Donnelley & Sons in the fourth quarter valued at $27,000. Nisa Investment Advisors LLC lifted its position in shares of RR Donnelley & Sons by 52.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,600 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 4,000 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of RR Donnelley & Sons by 22.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,053 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 2,218 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of RR Donnelley & Sons by 2,112.9% in the fourth quarter. Bessemer Group Inc. now owns 14,871 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 14,199 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in shares of RR Donnelley & Sons by 343.7% in the fourth quarter. Meeder Asset Management Inc. now owns 15,134 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 11,723 shares in the last quarter. Institutional investors and hedge funds own 89.64% of the company’s stock.

Separately, Zacks Investment Research upgraded RR Donnelley & Sons from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 7th.

ILLEGAL ACTIVITY WARNING: This story was originally published by Rockland Register and is owned by of Rockland Register. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://rocklandregister.com/2019/05/25/rr-donnelley-sons-rrd-releases-quarterly-earnings-results-beats-expectations-by-0-03-eps.html.

RR Donnelley & Sons Company Profile

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.

Further Reading: What is the formula for calculating total return?

Earnings History for RR Donnelley & Sons (NYSE:RRD)

Receive News & Ratings for RR Donnelley & Sons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RR Donnelley & Sons and related companies with MarketBeat.com's FREE daily email newsletter.