FY2024 EPS Estimate for Quad/Graphics Increased by Analyst

Quad/Graphics, Inc. (NYSE:QUAD) – Investment analysts at Barrington Research lifted their FY2024 EPS estimates for shares of Quad/Graphics in a note issued to investors on Wednesday, October 30th. Barrington Research analyst K. Steinke now anticipates that the business services provider will earn $0.84 per share for the year, up from their prior estimate of $0.76. Barrington Research has a “Outperform” rating and a $10.00 price target on the stock. The consensus estimate for Quad/Graphics’ current full-year earnings is $0.84 per share.

Other analysts also recently issued research reports about the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $7.60 price target on shares of Quad/Graphics in a report on Friday, October 25th. StockNews.com raised shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 26th.

Quad/Graphics Stock Up 0.2 %

Shares of QUAD stock opened at $6.36 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 8.35. Quad/Graphics has a 1 year low of $4.06 and a 1 year high of $6.75. The stock has a 50 day simple moving average of $4.97 and a 200 day simple moving average of $5.01.

Quad/Graphics (NYSE:QUAD) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. The business had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $654.90 million. Quad/Graphics had a positive return on equity of 42.63% and a negative net margin of 2.82%. During the same period last year, the firm posted $0.11 EPS.

Institutional Trading of Quad/Graphics

A number of institutional investors have recently bought and sold shares of QUAD. SG Americas Securities LLC bought a new position in shares of Quad/Graphics during the 3rd quarter worth approximately $54,000. GAMMA Investing LLC bought a new position in shares of Quad/Graphics in the second quarter valued at approximately $68,000. Quadrature Capital Ltd bought a new position in Quad/Graphics during the 1st quarter valued at $104,000. Heron Bay Capital Management purchased a new position in Quad/Graphics during the 2nd quarter worth $124,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Quad/Graphics by 20.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 23,486 shares of the business services provider’s stock worth $128,000 after acquiring an additional 4,023 shares in the last quarter. Institutional investors own 39.52% of the company’s stock.

Quad/Graphics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 18th will be paid a $0.05 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.20 annualized dividend and a dividend yield of 3.14%. Quad/Graphics’s payout ratio is -12.12%.

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.