RR Donnelley & Sons (NYSE:RRD) Shares Down 8.6%

Shares of RR Donnelley & Sons Co (NYSE:RRD) were down 8.6% during mid-day trading on Monday . The company traded as low as $3.57 and last traded at $3.63, approximately 878,704 shares traded hands during mid-day trading. A decline of 16% from the average daily volume of 1,041,323 shares. The stock had previously closed at $3.97.

Separately, Zacks Investment Research downgraded shares of RR Donnelley & Sons from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

The stock’s 50-day simple moving average is $4.01 and its 200-day simple moving average is $2.86. The firm has a market capitalization of $269.42 million, a P/E ratio of 5.19 and a beta of 1.65.

RR Donnelley & Sons (NYSE:RRD) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.09. RR Donnelley & Sons had a negative net margin of 0.40% and a negative return on equity of 23.43%. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm posted $0.25 EPS. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that RR Donnelley & Sons Co will post 0.71 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, November 14th. RR Donnelley & Sons’s dividend payout ratio is currently 17.14%.

Several institutional investors have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. bought a new position in shares of RR Donnelley & Sons during the 3rd quarter valued at approximately $46,000. Public Employees Retirement System of Ohio grew its position in shares of RR Donnelley & Sons by 184.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,407 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 58,612 shares during the period. State Street Corp grew its position in shares of RR Donnelley & Sons by 2.2% during the 3rd quarter. State Street Corp now owns 2,322,168 shares of the business services provider’s stock valued at $8,755,000 after acquiring an additional 49,874 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of RR Donnelley & Sons during the 3rd quarter valued at approximately $43,000. Finally, Russell Investments Group Ltd. grew its position in shares of RR Donnelley & Sons by 809.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 292,043 shares of the business services provider’s stock valued at $1,084,000 after acquiring an additional 259,930 shares during the period. 77.79% of the stock is owned by hedge funds and other institutional investors.

RR Donnelley & Sons Company Profile (NYSE:RRD)

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.

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