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

Quad/Graphics, Inc. (NYSE:QUAD) shares 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 changing hands.

Several equities research analysts have recently weighed in on the company. ValuEngine upgraded Quad/Graphics from a “strong sell” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Quad/Graphics from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Buckingham Research decreased their price objective on shares of Quad/Graphics from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $23.50.

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 firm has a 50-day moving average of $8.39. The company has a market cap of $582.86 million, a P/E ratio of 6.36 and a beta of 1.67.

Quad/Graphics (NYSE:QUAD) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.08. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1 billion. Quad/Graphics had a negative net margin of 0.82% and a positive return on equity of 8.20%. Quad/Graphics’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. Analysts expect that Quad/Graphics, Inc. will post 1.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 19th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 10.54%. The ex-dividend date is Friday, August 16th. Quad/Graphics’s dividend payout ratio (DPR) is 67.04%.

Several hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB increased its position in shares of Quad/Graphics by 0.6% in the fourth quarter. Nordea Investment Management AB now owns 116,700 shares of the business services provider’s stock worth $1,437,000 after purchasing an additional 700 shares during the last quarter. Northern Oak Wealth Management Inc. increased its position in shares of Quad/Graphics by 50.0% in the first quarter. Northern Oak Wealth Management Inc. now owns 3,000 shares of the business services provider’s stock worth $36,000 after purchasing an additional 1,000 shares during the last quarter. Legal & General Group Plc grew its position in Quad/Graphics by 17.4% during the fourth quarter. Legal & General Group Plc now owns 7,992 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 1,183 shares during the last quarter. First Trust Advisors LP grew its position in Quad/Graphics by 2.3% during the first quarter. First Trust Advisors LP now owns 55,889 shares of the business services provider’s stock valued at $665,000 after acquiring an additional 1,280 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in Quad/Graphics by 11.7% during the fourth quarter. Squarepoint Ops LLC now owns 12,250 shares of the business services provider’s stock valued at $151,000 after acquiring an additional 1,284 shares during the last quarter. Institutional investors own 58.52% of the company’s stock.

About Quad/Graphics (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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