FY2024 EPS Forecast for Quad/Graphics Increased by Analyst

Quad/Graphics, Inc. (NYSE:QUAD - Free Report) - Barrington Research upped their FY2024 EPS estimates for Quad/Graphics in a report released on Wednesday, October 30th. Barrington Research analyst K. Steinke now forecasts that the business services provider will earn $0.84 per share for the year, up from their prior forecast of $0.76. Barrington Research currently has a "Outperform" rating and a $10.00 target price on the stock. The consensus estimate for Quad/Graphics' current full-year earnings is $0.76 per share.

Several other research firms have also recently weighed in on QUAD. StockNews.com raised shares of Quad/Graphics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 26th. Rosenblatt Securities reaffirmed a "buy" rating and set a $7.60 target price on shares of Quad/Graphics in a research note on Friday, October 25th.

Quad/Graphics Price Performance

QUAD traded up $0.01 during trading on Friday, hitting $6.36. 310,593 shares of the company traded hands, compared to its average volume of 161,313. The company has a market cap of $331.74 million, a PE ratio of -3.85 and a beta of 1.60. The stock's 50-day simple moving average is $4.94 and its two-hundred day simple moving average is $4.99. Quad/Graphics has a 1 year low of $4.06 and a 1 year high of $6.75. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 5.83.

Quad/Graphics (NYSE:QUAD - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.06. The firm had revenue of $674.80 million during the quarter, compared to analysts' expectations of $654.90 million. Quad/Graphics had a negative net margin of 2.82% and a positive return on equity of 37.63%. During the same period in the prior year, the company posted $0.11 earnings per share.

Quad/Graphics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 3.14%. Quad/Graphics's dividend payout ratio (DPR) is currently -12.12%.

Hedge Funds Weigh In On Quad/Graphics

Several institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of Quad/Graphics in the 3rd quarter worth about $54,000. GAMMA Investing LLC bought a new stake in shares of Quad/Graphics in the 2nd quarter worth about $68,000. Quadrature Capital Ltd bought a new stake in shares of Quad/Graphics in the 1st quarter worth about $104,000. Heron Bay Capital Management bought a new stake in shares of Quad/Graphics in the 2nd quarter worth about $124,000. Finally, Cubist Systematic Strategies LLC lifted its holdings 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 during the last quarter. Institutional investors own 39.52% of the company's stock.

Quad/Graphics Company Profile

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.