Quad Graphics (NYSE:QUAD) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• Quad Graphics reported earnings of $0.14 EPS for the quarter, exceeding analyst estimates of $0.12 EPS by $0.02.
• The company announced a quarterly dividend of $0.075, resulting in an annualized dividend of $0.30 and a yield of 5.14%.
• Analysts from Barrington Research and Rosenblatt Securities reaffirmed ratings of "outperform" and "buy," with price targets set at $10.00 and $8.90 respectively.

Quad Graphics (NYSE:QUAD - Get Free Report) announced its quarterly earnings results on Tuesday. The business services provider reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02, Zacks reports. Quad Graphics had a negative net margin of 0.55% and a positive return on equity of 70.06%. The business had revenue of $571.90 million for the quarter, compared to analysts' expectations of $555.05 million.

Quad Graphics Price Performance

Shares of NYSE:QUAD traded up $0.38 during midday trading on Friday, hitting $5.71. The company's stock had a trading volume of 519,748 shares, compared to its average volume of 201,819. The business's 50 day simple moving average is $5.60 and its 200 day simple moving average is $5.80. The company has a debt-to-equity ratio of 4.85, a quick ratio of 0.66 and a current ratio of 0.92. The company has a market cap of $288.98 million, a P/E ratio of -17.84 and a beta of 1.43. Quad Graphics has a 12-month low of $4.06 and a 12-month high of $9.13.

Quad Graphics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be given a $0.075 dividend. The ex-dividend date is Monday, August 18th. This represents a $0.30 annualized dividend and a dividend yield of 5.3%. Quad Graphics's dividend payout ratio (DPR) is -93.75%.

Hedge Funds Weigh In On Quad Graphics

Institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in shares of Quad Graphics by 1,135.6% in the 1st quarter. Jones Financial Companies Lllp now owns 18,941 shares of the business services provider's stock valued at $103,000 after acquiring an additional 17,408 shares during the period. Focus Partners Wealth acquired a new position in shares of Quad Graphics in the 1st quarter valued at $144,000. Empowered Funds LLC boosted its holdings in shares of Quad Graphics by 7.3% in the 1st quarter. Empowered Funds LLC now owns 315,209 shares of the business services provider's stock valued at $1,718,000 after buying an additional 21,448 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Quad Graphics in the 1st quarter valued at $2,101,000. 39.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Quad Graphics from a "strong-buy" rating to a "buy" rating in a report on Saturday. Barrington Research reaffirmed an "outperform" rating and issued a $10.00 price target on shares of Quad Graphics in a research report on Tuesday. Finally, Rosenblatt Securities decreased their target price on shares of Quad Graphics from $8.90 to $8.60 and set a "buy" rating for the company in a research report on Thursday.

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.