Quad/Graphics (NYSE:QUAD) Shares Gap Up to $11.31

Quad/Graphics, Inc. (NYSE:QUAD)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $12.71, but opened at $11.31. Quad/Graphics shares last traded at $11.79, with a volume of 55,452 shares traded.

Several brokerages recently issued reports on QUAD. Zacks Investment Research upgraded Quad/Graphics from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. ValuEngine upgraded Quad/Graphics from a “strong sell” rating to a “sell” rating in a report on Thursday. Finally, Buckingham Research cut their target price on Quad/Graphics from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.50.

The stock’s fifty day moving average price is $8.35. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.13 and a quick ratio of 0.76. The company has a market cap of $436.50 million, a P/E ratio of 6.46 and a beta of 1.65.

Quad/Graphics (NYSE:QUAD) last posted its earnings results on Tuesday, July 30th. The business services provider reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.08. Quad/Graphics had a positive return on equity of 11.56% and a negative net margin of 0.25%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company earned $0.23 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. Equities research analysts anticipate that Quad/Graphics, Inc. will post 1.11 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 19th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, August 16th. This represents a $1.20 annualized dividend and a yield of 10.37%. Quad/Graphics’s dividend payout ratio (DPR) is currently 67.04%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Weiss Asset Management LP acquired a new stake in Quad/Graphics during the first quarter valued at approximately $2,656,000. Deutsche Bank AG boosted its holdings in Quad/Graphics by 102.1% during the fourth quarter. Deutsche Bank AG now owns 276,609 shares of the business services provider’s stock valued at $3,405,000 after purchasing an additional 139,731 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Quad/Graphics by 10.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,953,638 shares of the business services provider’s stock valued at $24,069,000 after purchasing an additional 186,614 shares in the last quarter. Walthausen & Co. LLC boosted its holdings in Quad/Graphics by 1.4% during the first quarter. Walthausen & Co. LLC now owns 639,990 shares of the business services provider’s stock valued at $7,616,000 after purchasing an additional 8,710 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Quad/Graphics by 20.2% during the fourth quarter. Bank of America Corp DE now owns 290,915 shares of the business services provider’s stock valued at $3,584,000 after purchasing an additional 48,932 shares in the last quarter. Institutional investors own 58.52% of the company’s stock.

Quad/Graphics Company Profile (NYSE:QUAD)

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, books, 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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