Quad/Graphics (QUAD) Stock Forecast & Price Target

Quad/Graphics Inc. showcased growth in its targeted print offerings, with these segments generating 46% of revenue in the first half of 2025, reflecting an increase from 44% year-over-year, which highlights a favorable shift towards services with long-term growth prospects. The company reported a second quarter adjusted EPS of $0.14, up from $0.12 in the prior year's quarter, aligning with consensus estimates and indicating consistent earnings performance. Furthermore, Quad's strategic focus on ramping up inventory levels to meet anticipated seasonal demand bodes well for cash flow generation in the fourth quarter, suggesting a robust foundation for positive revenue growth projected for 2027 or 2028.

Quad/Graphics has experienced a notable decrease in revenue, reporting a -9.8% year-over-year decline, with organic growth also negatively impacted, albeit at a lesser rate of -4%, primarily due to the divestiture of its European operations. The company's adjusted EBITDA guidance for 2025 anticipates a decline of -2% to -20% year-over-year, reflecting ongoing secular headwinds in the large-scale print segment despite some offsetting growth in targeted print services. Additionally, free cash flow is projected to diminish from $55.7 million in 2024 to a range of $40-60 million in 2025, attributed to increased capital expenditures, reduced revenues, and the effects of the European divestiture.