Trending...
- New Book Warring From the Standpoint of the Throne Room Calls Believers to Pray From Victory
- Matthew Sisneros Releases Raw and Unfiltered Memoir: The Devil Lost Another One — A Powerful Story of Crime, Consequence, and Redemption
- Grads aren't getting hired — here's what we're doing about it
SAN DIEGO & SUSSEX, Wis.--(BUSINESS WIRE)--Shareholders Rights law firm Robbins LLP announces that a purchaser of Quad/Graphics Inc. (NYSE: QUAD) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between February 22, 2017 and October 29, 2019. Quad/Graphics provides marketing solutions and printing services.
If you suffered a loss as a result of Quad/Graphic's misconduct, click here.
Quad/Graphics (QUAD) Cuts Dividends and Lowers Sales Guidance
According to the complaint, throughout the relevant period, Quad/Graphics released financial results that touted the Company's increasing net sales and consistently reaffirmed its full-year 2019 guidance. Despite auspicious financial statements that assured the Company's viability, on October 29, 2019, Quad/Graphics announced to shareholders that the Company was cutting dividend payments in half to $0.15 per share due to declining net sales. In addition, Quad/Graphics disclosed plans to divest its book business, which produces $200 million in annual sales, due to "lower market prices on paper byproduct recoveries." To reflect the upcoming divestiture of its book business, the Company decreased its 2019 sales guidance from the previous range of $4.05 billion to $4.25 billion to $3.9 billion. On this news, the following day Quad/Graphics's share price fell $6.42 per share, or approximately 57%, to close at $4.85 and has yet to recover.
More on Wisconsin Eagle
Quad/Graphics, Inc (QUAD) Shareholders Have Legal Options
Contact us to learn more:
Leo Kandinov
(800) 350-6003
lkandinov@robbinsllp.com
Shareholder Information Form
Robbins LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.
Attorney Advertising. Past results do not guarantee a similar outcome.
If you suffered a loss as a result of Quad/Graphic's misconduct, click here.
Quad/Graphics (QUAD) Cuts Dividends and Lowers Sales Guidance
According to the complaint, throughout the relevant period, Quad/Graphics released financial results that touted the Company's increasing net sales and consistently reaffirmed its full-year 2019 guidance. Despite auspicious financial statements that assured the Company's viability, on October 29, 2019, Quad/Graphics announced to shareholders that the Company was cutting dividend payments in half to $0.15 per share due to declining net sales. In addition, Quad/Graphics disclosed plans to divest its book business, which produces $200 million in annual sales, due to "lower market prices on paper byproduct recoveries." To reflect the upcoming divestiture of its book business, the Company decreased its 2019 sales guidance from the previous range of $4.05 billion to $4.25 billion to $3.9 billion. On this news, the following day Quad/Graphics's share price fell $6.42 per share, or approximately 57%, to close at $4.85 and has yet to recover.
More on Wisconsin Eagle
- Nieuwe standaard in webdesign: Professionele website laten maken voor het MKB vanaf €249 door Websitepioniers
- Shipping Containers Are Powering the Next Generation of Bitcoin Mining Infrastructure
- Hypnotherapy Finder Announces Official US Wide Launch After Successful Soft Launch
- Melzi Job Coach Launches on iOS and Android: A Privacy-First AI Career Engine Built for Execution
- Training Lofts Launches $1,099 Unlimited Training Membership Featuring Semi-Private Coaching, Nutrition Support, and Recovery Services
Quad/Graphics, Inc (QUAD) Shareholders Have Legal Options
Contact us to learn more:
Leo Kandinov
(800) 350-6003
lkandinov@robbinsllp.com
Shareholder Information Form
Robbins LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.
Attorney Advertising. Past results do not guarantee a similar outcome.
0 Comments
Latest on Wisconsin Eagle
- Pastor Saeed Abedini Releases THE TRUTH – Volume 1, A Deeply Personal Story of Faith, Struggle, and Redemption
- New Book Warring From the Standpoint of the Throne Room Calls Believers to Pray From Victory
- Sun Vault Roofing Named CertainTeed SolarMaster Pro Contractor
- Scotch Whisky Market Dislocation Creates Compelling Entry Opportunity for Long-Term Investors
- Peccioli Becomes New Orleans: In July 2026, the magic of jazz comes to Tuscany
- $6 Million Funding Secured as Retail Expansion, Operational Streamlining, and Asset-Light Strategy Position the Company for Accelerated Growth $SOWG
- The "Unsexy" Business Quietly Creating 130+ New Entrepreneurs Across America — From Alaska to Puerto Rico
- Veteran Launches GTG Energy: Nicotine-Free Pouch as Americans Rethink Addiction, Focus, and What Fuels Performance
- Growth Isn't Optional—It's Essential: LaTasha Langdon Launches a Game-Changing Resource
- RecallSentry™ App Launch — Your Home Safety Hub — Free on iOS & Android
- Award-Winning Director Crystal J. Huang's Under-$50K Film "The Ritual House" Wins Best Horror Feature at Golden State Film Festival
- Grads aren't getting hired — here's what we're doing about it
- Tickets Now on Sale at TAP for the 2026 Season
- Pump up your game board collection with these 8 liners for sale
- K2 Integrity Enhances Technology Capabilities Through Acquisition of Leviathan Security Group
- #WeAreGreekWarriors Comes to Detroit in Celebration of Women's History Month
- Shakespeare's Measure For Measure Takes On Power, Persuasion, Justice
- Buildout Launches CRM, Completing the Industry's First AI-Powered End-to-End Deal Engine for CRE
- Energywise Solutions and Pickleball Pros Partner to Bring More Energy and Visibility to Pickleball Clubs
- The Franchise King® Releases Free Guide for Nervous Buyers