Donnelley Financial Solutions (NYSE:DFIN) Hits New 52-Week Low After Earnings Miss

Donnelley Financial Solutions, Inc. (NYSE:DFIN - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $48.38 and last traded at $51.02, with a volume of 1006041 shares traded. The stock had previously closed at $65.85.

The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The business had revenue of $156.30 million during the quarter, compared to analysts' expectations of $169.20 million.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Needham & Company LLC decreased their price target on Donnelley Financial Solutions from $79.00 to $72.00 and set a "buy" rating on the stock in a research note on Wednesday. DA Davidson reduced their price objective on Donnelley Financial Solutions from $76.00 to $72.00 and set a "buy" rating for the company in a report on Thursday. Finally, B. Riley reduced their price objective on Donnelley Financial Solutions from $80.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, November 5th.

Insider Buying and Selling

In other news, CFO David A. Gardella sold 3,000 shares of the business's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total value of $188,040.00. Following the completion of the transaction, the chief financial officer now directly owns 197,406 shares of the company's stock, valued at $12,373,408.08. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of institutional investors have recently made changes to their positions in the stock. Huntington National Bank raised its holdings in shares of Donnelley Financial Solutions by 20.7% in the fourth quarter. Huntington National Bank now owns 910 shares of the company's stock worth $57,000 after acquiring an additional 156 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Donnelley Financial Solutions by 2.8% in the fourth quarter. Inspire Investing LLC now owns 6,413 shares of the company's stock worth $402,000 after acquiring an additional 177 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Donnelley Financial Solutions by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 52,025 shares of the company's stock worth $3,264,000 after acquiring an additional 182 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Donnelley Financial Solutions by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company's stock worth $1,381,000 after acquiring an additional 289 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Donnelley Financial Solutions by 3.1% in the third quarter. Empowered Funds LLC now owns 10,768 shares of the company's stock worth $709,000 after acquiring an additional 320 shares during the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions Stock Performance

The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 15.85 and a beta of 1.36. The stock has a fifty day moving average price of $62.73 and a two-hundred day moving average price of $63.44. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).