Quad Graphics (NYSE:QUAD) Share Price Crosses Below Two Hundred Day Moving Average Following Weak Earnings

Quad Graphics, Inc (NYSE:QUAD) passed below its 200-day moving average during trading on Thursday following a weaker than expected earnings announcement. The stock has a 200-day moving average of $8.05 and traded as low as $7.41. Quad Graphics shares last traded at $7.7890, with a volume of 1,257,425 shares changing hands.

The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The firm had revenue of $586.70 million during the quarter, compared to analyst estimates of $583.27 million. Quad Graphics had a net margin of 1.12% and a return on equity of 47.06%.

Quad Graphics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Tuesday, November 17th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, November 17th. Quad Graphics’s dividend payout ratio (DPR) is currently 75.47%.

Wall Street Analyst Weigh In

QUAD has been the subject of several research analyst reports. Benchmark boosted their price objective on Quad Graphics from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Rosenblatt Securities lifted their price target on Quad Graphics from $9.80 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Quad Graphics from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Zacks Research downgraded shares of Quad Graphics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Institutional Trading of Quad Graphics

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in shares of Quad Graphics in the second quarter valued at $3,506,000. Baron Wealth Management LLC raised its holdings in shares of Quad Graphics by 14.2% in the 2nd quarter. Baron Wealth Management LLC now owns 24,973 shares of the business services provider’s stock worth $211,000 after buying an additional 3,107 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Quad Graphics during the 1st quarter worth approximately $119,000. Arrowstreet Capital Limited Partnership boosted its stake in Quad Graphics by 2.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 460,452 shares of the business services provider’s stock valued at $3,044,000 after buying an additional 9,174 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Quad Graphics by 30.5% in the 1st quarter. Cetera Investment Advisers now owns 46,365 shares of the business services provider’s stock valued at $306,000 after buying an additional 10,849 shares in the last quarter. Institutional investors and hedge funds own 39.52% of the company’s stock.

Quad Graphics Stock Down 17.1%

The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 2.81. The business has a 50-day simple moving average of $9.65 and a two-hundred day simple moving average of $8.05. The stock has a market capitalization of $400.83 million, a P/E ratio of 14.70 and a beta of 1.12.

Quad Graphics Company Profile

Quad (NYSE: QUAD), formerly Quad/Graphics, is a marketing experience company that helps organizations plan, create, produce and distribute marketing communications. Its services span creative and content development, data and analytics, media planning and buying, marketing management, and production.

The company also provides commercial printing, packaging, direct mail, in-store marketing materials and other physical communications. By combining these capabilities with digital and technology services, Quad supports integrated marketing programs designed to connect brands with consumers across print, digital and other channels.

Quad was founded in 1971 by Harry V.