R.R. Donnelley & Sons (RRD) Debt Trading 1% Higher

An issue of R.R. Donnelley & Sons Company (NYSE:RRD) debt rose 1% against its face value during trading on Friday. The debt issue has a 6.5% coupon and will mature on November 15, 2023. The debt is now trading at $98.25 and was trading at $97.25 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.

Several analysts recently weighed in on the company. TheStreet downgraded R.R. Donnelley & Sons from a “c-” rating to a “d” rating in a research note on Thursday, October 26th. BidaskClub downgraded R.R. Donnelley & Sons from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Finally, ValuEngine upgraded R.R. Donnelley & Sons from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st.

R.R. Donnelley & Sons Company (NYSE:RRD) traded up $0.02 during trading on Friday, hitting $9.64. The company had a trading volume of 546,098 shares, compared to its average volume of 498,267. The company has a debt-to-equity ratio of -13.69, a current ratio of 1.50 and a quick ratio of 1.19. The stock has a market cap of $676.47, a P/E ratio of -1.43 and a beta of 2.13. R.R. Donnelley & Sons Company has a 52 week low of $7.15 and a 52 week high of $18.52.

R.R. Donnelley & Sons (NYSE:RRD) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.07). The company had revenue of $1.73 billion during 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 in the prior year, the firm earned $1.07 EPS. research analysts predict that R.R. Donnelley & Sons Company will post 1.17 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Capital World Investors boosted its stake in R.R. Donnelley & Sons by 171.0% during the 2nd quarter. Capital World Investors now owns 7,209,765 shares of the business services provider’s stock valued at $90,410,000 after purchasing an additional 4,548,853 shares during the last quarter. Vanguard Group Inc. boosted its stake in R.R. Donnelley & Sons by 6.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,661,887 shares of the business services provider’s stock valued at $83,540,000 after purchasing an additional 418,670 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in R.R. Donnelley & Sons by 24.4% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 84,685 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 16,594 shares during the last quarter. BlackRock Inc. boosted its stake in R.R. Donnelley & Sons by 18.1% during the 2nd quarter. BlackRock Inc. now owns 13,808,558 shares of the business services provider’s stock valued at $173,160,000 after purchasing an additional 2,117,978 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in R.R. Donnelley & Sons by 24.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,177,746 shares of the business services provider’s stock valued at $12,131,000 after purchasing an additional 232,722 shares during the last quarter. Institutional investors and hedge funds own 85.61% of the company’s stock.

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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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