Barrington Research reaffirmed their outperform rating on shares of Quad/Graphics (NYSE:QUAD – Free Report) in a report issued on Friday morning, Benzinga reports. They currently have a $8.50 price objective on the business services provider’s stock.
QUAD has been the subject of several other reports. Rosenblatt Securities lifted their price objective on shares of Quad/Graphics from $7.50 to $7.60 and gave the stock a buy rating in a research report on Thursday, August 1st. StockNews.com raised Quad/Graphics from a buy rating to a strong-buy rating in a research report on Tuesday, July 16th.
Get Our Latest Analysis on QUAD
Quad/Graphics Trading Up 2.1 %
Quad/Graphics (NYSE:QUAD – Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $634.20 million during the quarter, compared to the consensus estimate of $645.70 million. Quad/Graphics had a positive return on equity of 26.62% and a negative net margin of 2.00%. During the same period in the previous year, the company posted $0.02 earnings per share. Sell-side analysts anticipate that Quad/Graphics will post 0.76 earnings per share for the current fiscal year.
Quad/Graphics Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 19th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, August 19th. This represents a $0.20 annualized dividend and a yield of 4.48%. Quad/Graphics’s dividend payout ratio is currently -16.00%.
Hedge Funds Weigh In On Quad/Graphics
Large investors have recently bought and sold shares of the stock. EMC Capital Management boosted its position in shares of Quad/Graphics by 11.7% in the 1st quarter. EMC Capital Management now owns 25,020 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 2,623 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of Quad/Graphics by 20.7% in the second quarter. Cubist Systematic Strategies LLC now owns 23,486 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 4,023 shares during the period. BNP Paribas Financial Markets grew its position in shares of Quad/Graphics by 20.8% during the first quarter. BNP Paribas Financial Markets now owns 46,127 shares of the business services provider’s stock worth $245,000 after acquiring an additional 7,947 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Quad/Graphics by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 89,865 shares of the business services provider’s stock valued at $477,000 after acquiring an additional 8,031 shares during the period. Finally, Crescent Grove Advisors LLC raised its position in Quad/Graphics by 19.8% in the 1st quarter. Crescent Grove Advisors LLC now owns 60,490 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 10,000 shares during 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.
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