Quad Graphics (NYSE:QUAD – Free Report) had its price target hoisted by Benchmark from $10.00 to $13.00 in a research note released on Thursday,Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.
Other equities research analysts have also issued research reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Quad Graphics in a report on Friday, July 24th. Rosenblatt Securities upped their price target on shares of Quad Graphics from $9.80 to $13.00 and gave the company a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.00.
View Our Latest Research Report on QUAD
Quad Graphics Stock Up 4.6%
Quad Graphics (NYSE:QUAD – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Quad Graphics had a net margin of 1.31% and a return on equity of 47.90%. The company had revenue of $577.50 million during the quarter, compared to analyst estimates of $545.15 million. On average, sell-side analysts expect that Quad Graphics will post 1.2 EPS for the current year.
Quad Graphics Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 17th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a yield of 3.9%. Quad Graphics’s payout ratio is presently 63.49%.
Hedge Funds Weigh In On Quad Graphics
Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC bought a new stake in shares of Quad Graphics during the first quarter worth $2,101,000. Jones Financial Companies Lllp boosted its stake in shares of Quad Graphics by 1,135.6% during the first quarter. Jones Financial Companies Lllp now owns 18,941 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 17,408 shares during the period. Empowered Funds LLC grew its holdings in shares of Quad Graphics by 7.3% in the first quarter. Empowered Funds LLC now owns 315,209 shares of the business services provider’s stock worth $1,718,000 after purchasing an additional 21,448 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Quad Graphics in the first quarter worth about $144,000. Finally, Geode Capital Management LLC grew its holdings in shares of Quad Graphics by 0.3% in the second quarter. Geode Capital Management LLC now owns 703,720 shares of the business services provider’s stock worth $3,977,000 after purchasing an additional 1,837 shares during the last quarter. Institutional investors own 39.52% of the company’s stock.
Quad Graphics Company Profile
Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.
The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.
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