FY2024 EPS Estimates for Quad/Graphics Lifted by Analyst

Quad/Graphics, Inc. (NYSE:QUAD) – Stock analysts at Barrington Research raised their FY2024 earnings estimates for shares of Quad/Graphics in a research report issued to clients and investors on Wednesday, October 30th. Barrington Research analyst K. Steinke now forecasts that the business services provider will post earnings of $0.84 per share for the year, up from their prior estimate of $0.76. Barrington Research has a “Outperform” rating and a $10.00 price objective on the stock. The consensus estimate for Quad/Graphics’ current full-year earnings is $0.76 per share.

Several other equities analysts also recently commented on QUAD. Rosenblatt Securities reiterated a “buy” rating and set a $7.60 price target on shares of Quad/Graphics in a report on Friday, October 25th. StockNews.com upgraded shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 26th.

Quad/Graphics Stock Up 0.1 %

Shares of QUAD stock opened at $6.36 on Friday. The company’s fifty day simple moving average is $4.94 and its two-hundred day simple moving average is $4.99. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 5.83. The stock has a market cap of $331.48 million, a P/E ratio of -3.85 and a beta of 1.60. Quad/Graphics has a 52 week low of $4.06 and a 52 week high of $6.75.

Quad/Graphics (NYSE:QUAD) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Quad/Graphics had a negative net margin of 2.82% and a positive return on equity of 37.63%. The firm had revenue of $674.80 million during the quarter, compared to the consensus estimate of $654.90 million. During the same quarter in the previous year, the firm posted $0.11 EPS.

Institutional Trading of Quad/Graphics

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Quad/Graphics during the third quarter valued at $54,000. GAMMA Investing LLC acquired a new stake in Quad/Graphics during the second quarter valued at $68,000. Quadrature Capital Ltd acquired a new stake in Quad/Graphics during the first quarter valued at $104,000. Heron Bay Capital Management acquired a new stake in Quad/Graphics during the second quarter valued at $124,000. Finally, Cubist Systematic Strategies LLC grew its position in Quad/Graphics by 20.7% during the second quarter. Cubist Systematic Strategies LLC now owns 23,486 shares of the business services provider’s stock valued at $128,000 after buying an additional 4,023 shares during the period. Institutional investors and hedge funds own 39.52% of the company’s stock.

Quad/Graphics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 3.15%. Quad/Graphics’s payout ratio is -12.12%.

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.