Quad Graphics, Inc (NYSE:QUAD) Receives Average Rating of "Buy" from Brokerages

Key Points

• Analyst sentiment is positive: Quad Graphics has a consensus “Buy” rating from five brokerages, with an average 12-month price target of $12.00. Recent analysts raised targets to $13.00, while one maintained a hold rating.
• Quarterly results exceeded expectations: Quad reported earnings of $0.24 per share versus the $0.20 consensus estimate and revenue of $577.5 million, above expectations of $545.15 million.
• Shares and dividend: QUAD opened at $9.38, below its $11.15 12-month high, while the company’s quarterly dividend of $0.10 per share represents an annualized yield of approximately 4.3%.

Quad Graphics, Inc (NYSE:QUAD - Get Free Report) has earned a consensus rating of "Buy" from the five research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $12.00.

Several research analysts recently commented on QUAD shares. Zacks Research raised Quad Graphics from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 3rd. Rosenblatt Securities increased their price objective on shares of Quad Graphics from $9.80 to $13.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Benchmark raised their price objective on shares of Quad Graphics from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Quad Graphics in a research report on Friday, July 24th.

Institutional Investors Weigh In On Quad Graphics

Institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in Quad Graphics by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 95,072 shares of the business services provider's stock worth $628,000 after purchasing an additional 1,553 shares in the last quarter. Baron Wealth Management LLC increased its stake in shares of Quad Graphics by 14.2% in the second quarter. Baron Wealth Management LLC now owns 24,973 shares of the business services provider's stock valued at $211,000 after buying an additional 3,107 shares in the last quarter. Invst LLC raised its holdings in shares of Quad Graphics by 1.1% in the fourth quarter. Invst LLC now owns 360,463 shares of the business services provider's stock valued at $2,260,000 after buying an additional 4,069 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in shares of Quad Graphics by 51.7% in the first quarter. Kathmere Capital Management LLC now owns 19,878 shares of the business services provider's stock valued at $131,000 after buying an additional 6,778 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Quad Graphics by 2.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 460,452 shares of the business services provider's stock worth $3,044,000 after buying an additional 9,174 shares in the last quarter. 39.52% of the stock is owned by institutional investors and hedge funds.

Quad Graphics Trading Down 0.5%

Shares of QUAD opened at $9.38 on Tuesday. Quad Graphics has a 12-month low of $5.12 and a 12-month high of $11.15. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 2.81. The firm has a market capitalization of $482.69 million, a price-to-earnings ratio of 14.89 and a beta of 1.08. The stock's 50-day moving average price is $9.79 and its 200 day moving average price is $8.29.

Quad Graphics (NYSE:QUAD - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. Quad Graphics had a return on equity of 47.90% and a net margin of 1.31%.The company had revenue of $577.50 million during the quarter, compared to the consensus estimate of $545.15 million. As a group, research analysts predict that Quad Graphics will post 1.27 earnings per share for the current year.

Quad Graphics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 17th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a yield of 4.3%. Quad Graphics's dividend payout ratio (DPR) is currently 63.49%.

Quad Graphics Company Profile

Quad/Graphics, Inc, doing business as Quad, is a marketing experience company that provides print and integrated marketing services to businesses and organizations. Its offerings include commercial printing, direct mail, packaging, in-store displays, publications, and other printed communications, supported by production, distribution, and logistics capabilities.

Quad also provides marketing services designed to help clients plan, create, produce, and distribute campaigns across multiple channels.

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