Quad Graphics (NYSE:QUAD) Issues Earnings Results

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

Quad Graphics Price Performance

Quad Graphics stock opened at $6.55 on Wednesday. The stock has a market cap of $333.26 million, a P/E ratio of 15.98 and a beta of 1.10. The company has a fifty day simple moving average of $6.27 and a 200-day simple moving average of $6.14. The company has a current ratio of 0.98, a quick ratio of 0.65 and a debt-to-equity ratio of 4.49. Quad Graphics has a 12-month low of $4.50 and a 12-month high of $8.04.

Quad Graphics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.10 per share. This is a boost from Quad Graphics’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 27th. This represents a $0.40 annualized dividend and a yield of 6.1%. Quad Graphics’s dividend payout ratio (DPR) is presently 73.17%.

Analyst Ratings Changes

QUAD has been the topic of several recent analyst reports. Barrington Research reissued an “outperform” rating and set a $10.00 target price on shares of Quad Graphics in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Quad Graphics in a research note on Wednesday, January 28th. Rosenblatt Securities reduced their price objective on 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 downgraded shares of Quad Graphics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.10.

Institutional Investors Weigh In On Quad Graphics

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp raised its position in Quad Graphics by 17.0% during the 3rd quarter. Mackenzie Financial Corp now owns 19,893 shares of the business services provider’s stock worth $125,000 after buying an additional 2,885 shares during the last quarter. Cetera Investment Advisers increased its stake in Quad Graphics by 29.0% in the 2nd quarter. Cetera Investment Advisers now owns 22,706 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 5,109 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of Quad Graphics in the third quarter valued at $131,000. Segall Bryant & Hamill LLC raised 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 acquiring an additional 153,172 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in Quad Graphics in the 2nd quarter valued at approximately $135,000. 39.52% of the stock is currently owned by institutional investors and hedge funds.

About Quad Graphics

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.