Shares of Quad Graphics, Inc (NYSE:QUAD – Get Free Report) hit a new 52-week high on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $11.15 and last traded at $10.8180, with a volume of 734737 shares trading hands. The stock had previously closed at $10.39.
Several other research firms have also recently commented on QUAD. Weiss Ratings reissued a “hold (c)” rating on shares of Quad Graphics in a report on Friday, July 24th. Benchmark upped their price objective on Quad Graphics from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Rosenblatt Securities increased their price objective on Quad Graphics from $9.80 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Quad Graphics has a consensus rating of “Buy” and an average price target of $12.00.
Get Our Latest Stock Analysis on Quad Graphics
Institutional Investors Weigh In On Quad Graphics
Quad Graphics Stock Down 3.4%
The firm has a market cap of $525.24 million, a price-to-earnings ratio of 16.17 and a beta of 1.11. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 2.81. The firm has a 50 day moving average price of $8.28 and a 200-day moving average price of $7.37.
Quad Graphics (NYSE:QUAD – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. Quad Graphics had a net margin of 1.31% and a return on equity of 47.90%. The firm had revenue of $577.50 million for the quarter, compared to analysts’ expectations of $545.15 million. On average, equities analysts forecast that Quad Graphics, Inc will post 1.27 EPS for the current year.
Quad Graphics Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 17th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, August 17th. Quad Graphics’s dividend payout ratio is 63.49%.
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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