Quad/Graphics (NYSE:QUAD – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Monday.
Separately, TheStreet raised Quad/Graphics from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th.
Read Our Latest Research Report on QUAD
Quad/Graphics Stock Up 1.8 %
Quad/Graphics (NYSE:QUAD – Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.10. Quad/Graphics had a negative net margin of 1.87% and a positive return on equity of 18.28%. The company had revenue of $787.90 million during the quarter, compared to the consensus estimate of $758.40 million. During the same quarter last year, the company earned $0.41 earnings per share. On average, equities research analysts anticipate that Quad/Graphics will post 0.74 EPS for the current fiscal year.
Hedge Funds Weigh In On Quad/Graphics
Several large investors have recently modified their holdings of QUAD. SG Americas Securities LLC bought a new position in Quad/Graphics during the third quarter worth $76,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Quad/Graphics in the 3rd quarter valued at about $69,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Quad/Graphics by 258.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,574 shares of the business services provider’s stock valued at $103,000 after buying an additional 14,829 shares during the period. Panagora Asset Management Inc. bought a new stake in shares of Quad/Graphics during the 3rd quarter valued at about $302,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Quad/Graphics during the third quarter worth about $351,000. Institutional investors own 39.52% of the company’s stock.
About Quad/Graphics
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.
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