Quad/Graphics (QUAD) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on Jul 15, 2016.
Many Wall Street Analysts have commented on Quad/Graphics. Sidoti Resumed Quad/Graphics on Jun 8, 2016 to “Buy”, Price Target of the shares are set at $26.
On the company’s financial health, Quad/Graphics reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.57 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.31. The company had revenue of $1042.50 million for the quarter, compared to analysts expectations of $1019.36 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.
Quad/Graphics closed down -1.38 points or -5.21% at $25.11 with 6,41,796 shares getting traded on Friday. Post opening the session at $25.51, the shares hit an intraday low of $24.05 and an intraday high of $25.67 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.