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

Quad Graphics (NYSE:QUAD) announced its quarterly earnings results on Tuesday. The business services provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04, Zacks reports. The business had revenue of $577.50 million for the quarter, compared to analyst estimates of $545.15 million. Quad Graphics had a return on equity of 48.65% and a net margin of 1.31%.

Quad Graphics Price Performance

Shares of QUAD traded up $0.30 during mid-day trading on Thursday, reaching $9.60. 305,185 shares of the company’s stock were exchanged, compared to its average volume of 204,051. The company has a quick ratio of 0.65, a current ratio of 0.94 and a debt-to-equity ratio of 3.04. The company has a 50-day simple moving average of $7.97 and a two-hundred day simple moving average of $7.23. Quad Graphics has a 52-week low of $5.09 and a 52-week high of $10.14. The company has a market cap of $494.72 million, a price-to-earnings ratio of 15.23 and a beta of 1.11.

Quad Graphics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 17th will be given a $0.10 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.40 annualized dividend and a dividend yield of 4.2%. Quad Graphics’s dividend payout ratio is currently 63.49%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Rosenblatt Securities raised their price objective on Quad Graphics from $9.80 to $13.00 and gave the company a “buy” rating in a research note on Thursday. Benchmark initiated coverage on Quad Graphics in a report on Tuesday, April 7th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Quad Graphics in a research report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Institutional Investors Weigh In On Quad Graphics

A number of institutional investors and hedge funds have recently bought and sold shares of QUAD. Geode Capital Management LLC grew its holdings in Quad Graphics by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 703,720 shares of the business services provider’s stock valued at $3,977,000 after buying an additional 1,837 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Quad Graphics by 3.8% in the second quarter. American Century Companies Inc. now owns 70,767 shares of the business services provider’s stock worth $400,000 after acquiring an additional 2,558 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of 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. BNP Paribas Financial Markets lifted its position in shares of Quad Graphics by 113.1% in the third quarter. BNP Paribas Financial Markets now owns 5,688 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 3,019 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co acquired a new stake in shares of Quad Graphics during the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 39.52% of the company’s stock.

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.