Quad/Graphics (NYSE:QUAD) Shares Up 5.5%

Quad/Graphics, Inc. (NYSE:QUAD)’s stock price shot up 5.5% on Thursday . The company traded as high as $8.01 and last traded at $8.01. 767,001 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 478,006 shares. The stock had previously closed at $7.59.

Separately, Zacks Investment Research lowered Quad/Graphics from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $28.50.

The stock has a 50-day moving average price of $9.29. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.76 and a current ratio of 1.13. The firm has a market capitalization of $412.80 million, a price-to-earnings ratio of 4.42 and a beta of 1.80.

Quad/Graphics (NYSE:QUAD) last issued its earnings results on Tuesday, April 30th. The business services provider reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.03). The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $979.58 million. Quad/Graphics had a positive return on equity of 11.56% and a negative net margin of 0.25%. Quad/Graphics’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.58 EPS. Equities research analysts forecast that Quad/Graphics, Inc. will post 1.11 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 20th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 15.17%. Quad/Graphics’s dividend payout ratio is currently 67.04%.

Several institutional investors have recently added to or reduced their stakes in QUAD. Weiss Asset Management LP bought a new stake in shares of Quad/Graphics during the 1st quarter valued at about $2,656,000. Dimensional Fund Advisors LP grew its stake in shares of Quad/Graphics by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,953,638 shares of the business services provider’s stock valued at $24,069,000 after purchasing an additional 186,614 shares during the period. BlackRock Inc. grew its stake in shares of Quad/Graphics by 7.8% during the 4th quarter. BlackRock Inc. now owns 2,263,708 shares of the business services provider’s stock valued at $27,890,000 after purchasing an additional 163,714 shares during the period. Millennium Management LLC grew its stake in shares of Quad/Graphics by 187.2% during the 4th quarter. Millennium Management LLC now owns 220,012 shares of the business services provider’s stock valued at $2,711,000 after purchasing an additional 143,403 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Quad/Graphics by 102.1% during the 4th quarter. Deutsche Bank AG now owns 276,609 shares of the business services provider’s stock valued at $3,405,000 after purchasing an additional 139,731 shares during the period. Institutional investors and hedge funds own 59.11% 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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