Quad/Graphics (NYSE:QUAD) Raised to Sell at ValuEngine

ValuEngine upgraded shares of Quad/Graphics (NYSE:QUAD) from a strong sell rating to a sell rating in a research report released on Thursday, ValuEngine reports.

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

Shares of QUAD traded down $0.18 during trading hours on Thursday, hitting $11.39. 1,249,356 shares of the stock were exchanged, compared to its average volume of 719,291. Quad/Graphics has a fifty-two week low of $7.22 and a fifty-two week high of $23.83. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 2.81. The business’s 50-day simple moving average is $8.39. The company has a market capitalization of $582.86 million, a price-to-earnings 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. Quad/Graphics had a negative net margin of 0.82% and a positive return on equity of 8.20%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company posted $0.23 earnings per share. Quad/Graphics’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Quad/Graphics will post 1.11 earnings per share for the current year.

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

A number of large investors have recently bought and sold shares of QUAD. Weiss Asset Management LP bought a new position in shares of Quad/Graphics in the first quarter valued at $2,656,000. Dimensional Fund Advisors LP increased its holdings in Quad/Graphics by 10.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,953,638 shares of the business services provider’s stock worth $24,069,000 after buying an additional 186,614 shares during the last quarter. BlackRock Inc. increased its holdings in Quad/Graphics by 7.8% during the fourth quarter. BlackRock Inc. now owns 2,263,708 shares of the business services provider’s stock worth $27,890,000 after buying an additional 163,714 shares during the last quarter. Millennium Management LLC increased its holdings in Quad/Graphics by 187.2% during the fourth quarter. Millennium Management LLC now owns 220,012 shares of the business services provider’s stock worth $2,711,000 after buying an additional 143,403 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in Quad/Graphics by 102.1% during the fourth quarter. Deutsche Bank AG now owns 276,609 shares of the business services provider’s stock worth $3,405,000 after buying an additional 139,731 shares during the last quarter. Institutional investors and hedge funds own 58.52% 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, 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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