Quad Graphics (NYSE:QUAD) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Quad Graphics (NYSE:QUAD) released its quarterly earnings data on Tuesday. The business services provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04, Zacks reports. Quad Graphics had a return on equity of 47.27% and a net margin of 1.16%.The business had revenue of $577.50 million for the quarter, compared to analyst estimates of $545.15 million.

Quad Graphics Trading Down 1.2%

Shares of QUAD opened at $8.39 on Wednesday. The company has a market capitalization of $432.79 million, a P/E ratio of 14.99 and a beta of 1.11. Quad Graphics has a one year low of $5.01 and a one year high of $8.84. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.65 and a current ratio of 0.94. The stock has a 50-day moving average price of $7.93 and a 200 day moving average price of $7.21.

Quad Graphics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 17th will be paid a $0.10 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.40 annualized dividend and a dividend yield of 4.8%. Quad Graphics’s payout ratio is 71.43%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on QUAD shares. Benchmark assumed coverage on shares of Quad Graphics in a report on Tuesday, April 7th. They issued a “buy” rating and a $10.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Quad Graphics in a research note on Friday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.93.

Institutional Investors Weigh In On Quad Graphics

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers increased its stake in shares of Quad Graphics by 29.0% in the second quarter. Cetera Investment Advisers now owns 22,706 shares of the business services provider’s stock worth $128,000 after buying an additional 5,109 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Quad Graphics by 17.0% in the third quarter. Mackenzie Financial Corp now owns 19,893 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 2,885 shares in the last quarter. State of Wyoming bought a new position in Quad Graphics during the 2nd quarter valued at $123,000. Vise Technologies Inc. bought a new position in Quad Graphics during the 4th quarter valued at $116,000. Finally, Jones Financial Companies Lllp grew its holdings in Quad Graphics by 1,135.6% during the 1st quarter. Jones Financial Companies Lllp now owns 18,941 shares of the business services provider’s stock worth $103,000 after acquiring an additional 17,408 shares in the last quarter. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

Quad Graphics Company Profile

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.