Quad/Graphics, Inc. (NYSE:QUAD)’s share price shot up 4% during trading on Friday . The stock traded as high as $31.02 and last traded at $30.70. 523,662 shares traded hands during mid-day trading, an increase of 94% from the average session volume of 269,638 shares. The stock had previously closed at $29.52.
Several brokerages have recently commented on QUAD. BidaskClub lowered shares of Quad/Graphics from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. TheStreet upgraded shares of Quad/Graphics from a “c” rating to a “b-” rating in a report on Tuesday, October 31st.
The company has a market capitalization of $1,600.00, a price-to-earnings ratio of 20.46 and a beta of 1.41. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.22 and a quick ratio of 0.82.
Quad/Graphics (NYSE:QUAD) last released its earnings results on Wednesday, February 21st. The business services provider reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. Quad/Graphics had a net margin of 2.59% and a return on equity of 19.46%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Monday, March 19th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, March 16th. This represents a $1.20 dividend on an annualized basis and a yield of 3.88%. Quad/Graphics’s dividend payout ratio (DPR) is presently 79.47%.
In other Quad/Graphics news, Chairman J Joel Quadracci sold 173,880 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $27.16, for a total transaction of $4,722,580.80. Following the sale, the chairman now directly owns 1,038,065 shares in the company, valued at approximately $28,193,845.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kathryn Quadracci Flores sold 66,107 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $21.86, for a total transaction of $1,445,099.02. Following the sale, the director now owns 69,081 shares in the company, valued at $1,510,110.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 268,505 shares of company stock worth $6,784,524. 12.05% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Trilogy Capital Inc. acquired a new stake in Quad/Graphics during the 4th quarter worth approximately $209,000. Prudential Financial Inc. increased its position in shares of Quad/Graphics by 41.5% in the 3rd quarter. Prudential Financial Inc. now owns 469,256 shares of the business services provider’s stock valued at $10,610,000 after purchasing an additional 137,680 shares during the last quarter. State Street Corp increased its position in shares of Quad/Graphics by 4.4% in the 2nd quarter. State Street Corp now owns 754,353 shares of the business services provider’s stock valued at $17,293,000 after purchasing an additional 31,758 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Quad/Graphics by 545.4% in the 3rd quarter. GSA Capital Partners LLP now owns 138,256 shares of the business services provider’s stock valued at $3,126,000 after purchasing an additional 116,833 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Quad/Graphics by 5.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,019,151 shares of the business services provider’s stock valued at $23,043,000 after purchasing an additional 52,353 shares during the last quarter. Institutional investors own 49.69% of the company’s stock.
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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