Rosenblatt cuts Quad/Graphics stock target to $8.90, retains buy

Published 01/05/2025, 13:22
Rosenblatt cuts Quad/Graphics stock target to $8.90, retains buy

Thursday, Rosenblatt Securities adjusted its price target on Quad/Graphics (NYSE:QUAD) shares, reducing it to $8.90 from the previous $10.30, while maintaining a Buy rating on the stock. The adjustment follows the company’s first-quarter earnings report for 2025, which was released after the market closed on Tuesday, with a subsequent earnings call on Wednesday morning. Currently trading at $4.77, InvestingPro analysis suggests the stock is currently undervalued, despite a significant YTD decline of 30.7%.

Quad/Graphics’ earnings for the first quarter of 2025 surpassed Rosenblatt’s estimates, and the company maintained its full-year guidance. Nevertheless, Barton Crockett, an analyst at Rosenblatt, expressed caution regarding the broader economic and tariff landscape that could impact the company’s performance. In response to the earnings call and a detailed review of the 10-Q filing, Crockett revised his financial forecasts for Quad/Graphics. InvestingPro data shows the company generated $218.9M in EBITDA over the last twelve months, with analysts expecting improved profitability this year.

The firm’s revenue projections were trimmed by 1% to $2,408 million, which reflects a 9.9% reported decline. However, when accounting for the divestiture of Quad/Graphics’ European operations, the adjusted pro forma decline is estimated at 4.4%. Additionally, the adjusted EBITDA estimate was decreased by $8 million to $198 million. These revised estimates are positioned near the midpoint of the company’s provided guidance range. With a market capitalization of $240.22M and a notable dividend yield of 6.29%, the company maintains significant shareholder returns despite challenging conditions.Get access to more valuable insights and 8 additional ProTips for QUAD through InvestingPro, including detailed analysis of the company’s financial health and growth prospects.

The reduction in the price target to $8.90 incorporates new information gleaned from asset sales and an unexpected acquisition that were not previously factored into Rosenblatt’s analysis. Despite the lowered target, the Buy rating suggests that Rosenblatt continues to see value in Quad/Graphics’ stock.

Quad/Graphics, a leading print and marketing solutions provider, has navigated a challenging economic environment marked by tariffs and other macroeconomic factors. The company’s ability to retain its full-year guidance amidst these conditions has been noted by analysts following its latest earnings release.

In other recent news, Quad Graphics Inc . reported its Q1 2025 earnings, surpassing analysts’ expectations with an adjusted diluted earnings per share (EPS) of $0.20, doubling the forecasted $0.10. The company also exceeded revenue forecasts, reporting $629 million against the expected $594 million. Despite a 2% year-over-year decline in net sales, growth in Latin America and targeted print offerings helped offset declines in paper and logistics. Quad Graphics is actively pivoting towards a Marketing Experience (MX) focus, with strategic partnerships and acquisitions bolstering innovation and expansion efforts. Additionally, the company completed the sale of its European operations and acquired co-mail assets from Enru, enhancing its postal optimization solutions. Analysts from Barrington Research Associates and Rosenblatt inquired about potential impacts of tariffs and postal rate changes, with Quad noting minimal immediate effects but acknowledging possible client marketing adjustments. Quad continues to invest in AI-driven solutions and retail media network expansion, aiming for future growth despite external challenges.

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