Quad Graphics (NYSE:QUAD) Given "Outperform" Rating at Barrington Research

Key Points

• Barrington Research has reiterated an "outperform" rating for Quad Graphics (NYSE:QUAD) with a price target of $10.00, indicating a potential upside of 69.20% from its last close.
• Quad Graphics recently reported earnings per share of $0.20, exceeding estimates significantly, with revenues of $629.40 million surpassing predictions of $588.05 million.
• Institutional investors have increased their stakes in Quad Graphics, with CWM LLC growing its position by 1,730.1% in the first quarter.

Barrington Research restated their outperform rating on shares of Quad Graphics (NYSE:QUAD - Free Report) in a report published on Tuesday,Benzinga reports. The firm currently has a $10.00 price objective on the business services provider's stock.

Several other equities research analysts have also issued reports on the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $8.90 price objective on shares of Quad Graphics in a research note on Friday, June 6th. Wall Street Zen raised Quad Graphics from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, April 2nd.

Quad Graphics Price Performance

QUAD stock traded up $0.38 during trading on Tuesday, reaching $5.71. The company's stock had a trading volume of 519,748 shares, compared to its average volume of 201,819. Quad Graphics has a 1 year low of $4.06 and a 1 year high of $9.13. The company has a quick ratio of 0.66, a current ratio of 0.92 and a debt-to-equity ratio of 4.85. The company has a market capitalization of $288.98 million, a P/E ratio of -17.84 and a beta of 1.43. The company's fifty day moving average is $5.60 and its 200-day moving average is $5.80.

Quad Graphics (NYSE:QUAD - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $571.90 million during the quarter, compared to analyst estimates of $555.05 million. Quad Graphics had a positive return on equity of 70.06% and a negative net margin of 0.55%. On average, research analysts expect that Quad Graphics will post 1.08 earnings per share for the current fiscal year.

Quad Graphics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 5.3%. The ex-dividend date is Monday, August 18th. Quad Graphics's dividend payout ratio is presently -93.75%.

Institutional Investors Weigh In On Quad Graphics

Several hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its holdings in shares of Quad Graphics by 52,512.0% in the second quarter. Nisa Investment Advisors LLC now owns 13,153 shares of the business services provider's stock worth $74,000 after buying an additional 13,128 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Quad Graphics by 24.5% during the second quarter. Ritholtz Wealth Management now owns 69,526 shares of the business services provider's stock valued at $393,000 after buying an additional 13,704 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Quad Graphics during the second quarter valued at $174,000. CWM LLC grew its holdings in shares of Quad Graphics by 48.3% during the second quarter. CWM LLC now owns 7,572 shares of the business services provider's stock valued at $43,000 after buying an additional 2,466 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Quad Graphics by 259.2% during the second quarter. Inspire Investing LLC now owns 229,027 shares of the business services provider's stock valued at $1,294,000 after buying an additional 165,275 shares during the last quarter. Hedge funds and other institutional investors own 39.52% of the company's stock.

Quad Graphics Company Profile

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.