Quad Graphics, Inc (QUAD) Raised to “Hold” at BidaskClub
BidaskClub upgraded shares of Quad Graphics, Inc (NYSE:QUAD) from a sell rating to a hold rating in a report published on Thursday.
Separately, TheStreet lowered shares of Quad Graphics from a b- rating to a c+ rating in a research note on Friday, August 4th.
Quad Graphics (NYSE QUAD) opened at 22.61 on Thursday. The stock’s 50 day moving average is $19.23 and its 200 day moving average is $22.56. Quad Graphics has a 12-month low of $18.16 and a 12-month high of $29.04. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 14.54 and a beta of 1.44.
Quad Graphics (NYSE:QUAD) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.11. Quad Graphics had a return on equity of 22.79% and a net margin of 1.92%. The business had revenue of $963.20 million during the quarter, compared to analysts’ expectations of $985.85 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. Equities research analysts forecast that Quad Graphics will post $1.79 EPS for the current fiscal year.
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In other news, Director Douglas P. Buth acquired 2,600 shares of Quad Graphics stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average cost of $18.74 per share, with a total value of $48,724.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.28% of the company’s stock.
Large investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its stake in shares of Quad Graphics by 6.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 28,990 shares of the business services provider’s stock valued at $732,000 after acquiring an additional 1,883 shares during the last quarter. US Bancorp DE raised its stake in Quad Graphics by 17.9% in the 1st quarter. US Bancorp DE now owns 4,878 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 739 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Quad Graphics by 3.6% in the 1st quarter. Bank of New York Mellon Corp now owns 481,963 shares of the business services provider’s stock valued at $12,165,000 after purchasing an additional 16,650 shares in the last quarter. Swiss National Bank lifted its holdings in Quad Graphics by 6.3% in the 1st quarter. Swiss National Bank now owns 48,600 shares of the business services provider’s stock valued at $1,227,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in Quad Graphics in the 1st quarter valued at about $457,000. Institutional investors and hedge funds own 51.66% of the company’s stock.
About Quad Graphics
Quad/Graphics, Inc is a marketing services provider. The Company’s segments are United States Print and Related Services, International and Corporate. The United States Print and Related Services segment consists of the Company’s United States printing operations. The United States Print and Related Services segment includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products, and global paper procurement.
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