Quad Graphics (NYSE:QUAD) Issues Quarterly Earnings Results

Key Points

• Quad Graphics reported quarterly EPS of $0.35, narrowly missing the $0.36 consensus estimate, while revenue of $586.70 million exceeded expectations of $583.27 million.
• The company declared a quarterly dividend of $0.10 per share, equivalent to $0.40 annually and a 4.3% yield; the payout ratio is 63.49%.
• Shares traded at $9.32 following the results. Wall Street maintains a “Moderate Buy” consensus, with an average price target of $12.00, although analyst views include both buy and hold ratings.

Quad Graphics (NYSE:QUAD - Get Free Report) issued its quarterly earnings data on Wednesday. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01), FiscalAI reports. The company had revenue of $586.70 million during the quarter, compared to analyst estimates of $583.27 million. Quad Graphics had a net margin of 1.31% and a return on equity of 47.90%.

Quad Graphics Price Performance

QUAD traded down $0.20 during midday trading on Wednesday, hitting $9.32. 231,656 shares of the company traded hands, compared to its average volume of 249,179. The business has a 50 day simple moving average of $9.71 and a two-hundred day simple moving average of $8.03. Quad Graphics has a 52-week low of $5.12 and a 52-week high of $11.15. The company has a market capitalization of $479.86 million, a price-to-earnings ratio of 14.80 and a beta of 1.12. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 2.81.

Quad Graphics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Tuesday, November 17th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, November 17th. Quad Graphics's dividend payout ratio (DPR) is presently 63.49%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on QUAD. Weiss Ratings raised shares of Quad Graphics from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Benchmark increased their target price on shares of Quad Graphics from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Rosenblatt Securities increased their target price on shares of Quad Graphics from $9.80 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, Zacks Research cut Quad Graphics from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 2nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $12.00.

About Quad Graphics

Quad NYSE: QUAD, formerly Quad/Graphics, is a marketing experience company that helps organizations plan, create, produce and distribute marketing communications. Its services span creative and content development, data and analytics, media planning and buying, marketing management, and production.

The company also provides commercial printing, packaging, direct mail, in-store marketing materials and other physical communications. By combining these capabilities with digital and technology services, Quad supports integrated marketing programs designed to connect brands with consumers across print, digital and other channels.

Quad was founded in 1971 by Harry V.

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