Barrington Research reiterated their outperform rating on shares of Quad/Graphics (NYSE:QUAD – Free Report) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $10.00 price target on the business services provider’s stock.
Other analysts also recently issued research reports about the stock. Rosenblatt Securities boosted their price objective on shares of Quad/Graphics from $7.70 to $10.30 and gave the stock a “buy” rating in a research report on Monday. StockNews.com raised shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 26th.
Quad/Graphics Price Performance
Quad/Graphics (NYSE:QUAD – Get Free Report) last posted its earnings results on Monday, October 28th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.06. Quad/Graphics had a positive return on equity of 42.63% and a negative net margin of 2.82%. The firm had revenue of $674.80 million for the quarter, compared to analyst estimates of $654.90 million. During the same quarter in the prior year, the company earned $0.11 EPS. As a group, equities research analysts expect that Quad/Graphics will post 0.84 earnings per share for the current year.
Quad/Graphics Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Monday, November 18th. Quad/Graphics’s payout ratio is -12.12%.
Institutional Investors Weigh In On Quad/Graphics
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of Quad/Graphics during the 3rd quarter valued at approximately $54,000. GAMMA Investing LLC acquired a new position in Quad/Graphics during the second quarter worth $68,000. FMR LLC raised its holdings in Quad/Graphics by 1,103.6% during the third quarter. FMR LLC now owns 22,050 shares of the business services provider’s stock worth $100,000 after purchasing an additional 20,218 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Quad/Graphics during the first quarter worth $104,000. Finally, Heron Bay Capital Management acquired a new stake in Quad/Graphics in the second quarter valued at $124,000. 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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