Quad Graphics, Inc (QUAD) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Quad Graphics, Inc (NYSE:QUAD) posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.11, Briefing.com reports. The firm had revenue of $963.20 million for the quarter, compared to the consensus estimate of $985.85 million. Quad Graphics had a net margin of 1.92% and a return on equity of 22.79%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share.

Quad Graphics (NYSE:QUAD) traded down 2.76% during trading on Friday, hitting $18.35. 247,120 shares of the stock traded hands. The stock has a market cap of $954.95 million, a P/E ratio of 11.80 and a beta of 1.39. The company’s 50 day moving average price is $21.37 and its 200-day moving average price is $23.69. Quad Graphics has a 52-week low of $18.16 and a 52-week high of $29.04.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 21st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.54%. The ex-dividend date of this dividend is Thursday, August 17th. Quad Graphics’s dividend payout ratio is currently 76.43%.

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Several research firms have recently weighed in on QUAD. TheStreet downgraded shares of Quad Graphics from a “b-” rating to a “c+” rating in a research note on Friday, August 4th. BidaskClub raised shares of Quad Graphics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th.

In other news, Director Kathryn Quadracci Flores sold 115,000 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $22.42, for a total transaction of $2,578,300.00. Following the transaction, the director now directly owns 166,241 shares in the company, valued at approximately $3,727,123.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Douglas P. Buth acquired 2,600 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were bought at an average price of $18.74 per share, for a total transaction of $48,724.00. The disclosure for this purchase can be found here. 12.05% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning raised its position in shares of Quad Graphics by 35.6% in the first quarter. Creative Planning now owns 5,715 shares of the business services provider’s stock valued at $144,000 after buying an additional 1,500 shares during the last quarter. Norges Bank bought a new position in shares of Quad Graphics during the fourth quarter valued at $3,625,000. US Bancorp DE raised its position in shares of Quad Graphics by 17.9% in the first quarter. US Bancorp DE now owns 4,878 shares of the business services provider’s stock valued at $123,000 after buying an additional 739 shares during the last quarter. American Century Companies Inc. raised its position in shares of Quad Graphics by 5.1% in the first quarter. American Century Companies Inc. now owns 273,170 shares of the business services provider’s stock valued at $6,895,000 after buying an additional 13,182 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of Quad Graphics by 62.2% in the fourth quarter. Guggenheim Capital LLC now owns 57,739 shares of the business services provider’s stock valued at $1,552,000 after buying an additional 22,131 shares during the last quarter. Institutional investors and hedge funds own 52.78% 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.

Earnings History for Quad Graphics (NYSE:QUAD)

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