Quad/Graphics (QUAD) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $-0.11. The company posted revenue of $1032.30 million in the period, compared to analysts expectations of $1028.95 million. The company’s revenue was down -2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.16 EPS.
Many Wall Street Analysts have commented on Quad/Graphics. Quad/Graphics was Downgraded by Sidoti to ” Neutral” on Jul 15, 2016. Sidoti Resumed Quad/Graphics on Jun 8, 2016 to “Buy”, Price Target of the shares are set at $26.
Quad/Graphics opened for trading at $25.19 and hit $25.68 on the upside on Friday, eventually ending the session at $25.36, with a gain of 0.67% or 0.17 points. The heightened volatility saw the trading volume jump to 2,25,604 shares. Company has a market cap of $1,264 M.
In a different news, on Jun 9, 2016, John C Fowler (Vice Chairman & EVP) sold 20,000 shares at $20.00 per share price. According to the SEC, on May 13, 2016, Nancy Ott (Vice President-Human Resources) sold 3,053 shares at $17.66 per share price. On May 10, 2016, J Joel Quadracci (Chairman, Pres. & CEO) sold 55,250 shares at $16.13 per share price, according to the Form-4 filing with the securities and exchange commission.
Quad/Graphics Inc. is a global provider of print and media solutions. The Company’s operating segments include the United States Print and Related Services and International. The United States Print and Related Services segment consists of the Company’s United States printing operations and is managed as one integrated platform. This includes consumer magazines catalogs retail inserts special interest publications journals direct mail books directories in-store marketing packaging and other commercial and specialty printed products together with the related service offerings including marketing strategy media planning and placement data insights response analytics services creative services interactive print solutions among others. The International segment provides printed products and related services and consists of the Company’s printing operations in Europe and Latin America including operations in Poland Argentina Brazil Chile Colombia Mexico and Peru.