Eileen works closely with investors in securities cases and has over a decade of experience in the legal world. She received her law degree from American University in 2005.
Quad/Graphics Lawsuit Investigation
Stock plummets over 55%; Full-year guidance and dividends slashed
Our firm has filed a class action lawsuit on behalf of Quad/Graphics shareholders who purchased or acquired QUAD securities between February 22, 2017 and October 29, 2019.
Quad/Graphics’share price plummeted over 55% on October 30, 2019 after the company reported third quarter results that missed analyst estimates. In addition, Quad/Graphics cut its full-year guidance, slashed its quarterly dividends by 50%, and announced plans to divest its book business.
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QUAD Stock News: Dividends cut by 50%; Stock price plummets
On October 29, 2019, Quad/Graphics reported third quarter results that missed analyst estimates and cut full-year guidance. In addition, the company announced a 50% reduction in quarterly dividends in order to provide additional resources and financial flexibility.
In response to the report, Buckingham Research analyst James Clement stated:
We are absolutely shocked by these developments given the confidence management had just three months ago.
The company also announced that it plans to sell its U.S. book business, which generates about $200 million in sales annually.
On this news, QUAD shares dropped over 55%, trading as low as $5.00 on October 30, 2019.
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Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. Read more about our results.
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