Quad Graphics (NYSE:QUAD) Posts Quarterly Earnings Results, Hits Expectations

Quad Graphics (NYSE:QUAD) announced its earnings results on Tuesday. The business services provider reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36, FiscalAI reports. The firm had revenue of $630.60 million during the quarter, compared to analysts’ expectations of $632.90 million. Quad Graphics had a return on equity of 62.52% and a net margin of 0.82%.

Quad Graphics Stock Performance

Shares of QUAD stock opened at $6.55 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.65 and a debt-to-equity ratio of 4.49. The stock has a 50 day simple moving average of $6.27 and a 200-day simple moving average of $6.14. The company has a market cap of $333.27 million, a price-to-earnings ratio of 15.98 and a beta of 1.10. Quad Graphics has a 12-month low of $4.50 and a 12-month high of $8.04.

Quad Graphics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 6.1%. The ex-dividend date is Friday, February 27th. This is a positive change from Quad Graphics’s previous quarterly dividend of $0.08. Quad Graphics’s payout ratio is presently 97.56%.

Institutional Investors Weigh In On Quad Graphics

Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC acquired a new position in shares of Quad Graphics during the 1st quarter worth $2,101,000. Zacks Investment Management purchased a new stake in Quad Graphics during the third quarter worth about $1,426,000. Segall Bryant & Hamill LLC grew its position in Quad Graphics by 49.5% during the fourth quarter. Segall Bryant & Hamill LLC now owns 462,898 shares of the business services provider’s stock worth $2,902,000 after buying an additional 153,172 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Quad Graphics by 53.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 370,504 shares of the business services provider’s stock valued at $2,093,000 after buying an additional 128,656 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Quad Graphics during the 2nd quarter valued at approximately $594,000. Institutional investors and hedge funds own 39.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on QUAD. Barrington Research reissued an “outperform” rating and issued a $10.00 price objective on shares of Quad Graphics in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Quad Graphics in a research report on Wednesday, January 28th. Rosenblatt Securities lowered their price objective on shares of Quad Graphics from $8.60 to $8.20 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Zacks Research cut shares of Quad Graphics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.10.

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.