Quad/Graphics (NYSE:QUAD) Downgraded by StockNews.com
by Scott Moore · The Cerbat GemStockNews.com downgraded shares of Quad/Graphics (NYSE:QUAD – Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday morning.
Several other brokerages have also recently issued reports on QUAD. Rosenblatt Securities reaffirmed a buy rating and set a $7.60 price objective on shares of Quad/Graphics in a research note on Tuesday, September 24th. Barrington Research reaffirmed an outperform rating and issued a $8.50 price target on shares of Quad/Graphics in a research note on Friday, September 20th.
View Our Latest Report on QUAD
Quad/Graphics Stock Up 1.6 %
QUAD opened at $4.97 on Wednesday. The company has a fifty day moving average of $4.57 and a two-hundred day moving average of $4.95. The company has a debt-to-equity ratio of 5.83, a quick ratio of 0.56 and a current ratio of 0.85. Quad/Graphics has a fifty-two week low of $3.96 and a fifty-two week high of $6.75. The stock has a market capitalization of $258.13 million, a price-to-earnings ratio of -3.98 and a beta of 1.60.
Quad/Graphics (NYSE:QUAD – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $634.20 million during the quarter, compared to analysts’ expectations of $645.70 million. Quad/Graphics had a negative net margin of 2.00% and a positive return on equity of 26.62%. During the same period in the prior year, the business posted $0.02 earnings per share. On average, research analysts expect that Quad/Graphics will post 0.76 earnings per share for the current year.
Quad/Graphics Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 19th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Monday, August 19th. Quad/Graphics’s payout ratio is -16.00%.
Institutional Investors Weigh In On Quad/Graphics
Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of Quad/Graphics during the third quarter worth approximately $54,000. GAMMA Investing LLC purchased a new stake in shares of Quad/Graphics in the 2nd quarter valued at approximately $68,000. Quadrature Capital Ltd acquired a new stake in shares of Quad/Graphics in the 1st quarter valued at $104,000. Heron Bay Capital Management purchased a new stake in shares of Quad/Graphics during the 2nd quarter worth $124,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Quad/Graphics by 20.7% during the second quarter. Cubist Systematic Strategies LLC now owns 23,486 shares of the business services provider’s stock worth $128,000 after purchasing an additional 4,023 shares in the last quarter. Institutional investors and hedge funds own 39.52% of the company’s stock.
About Quad/Graphics
Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.