Deluxe Corporation (DLX) Issues Q4 Earnings Guidance

Deluxe Corporation (NYSE:DLX) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.39-1.44 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.45. The company issued revenue guidance of $494-504 million, compared to the consensus revenue estimate of $509.52 million.

Shares of Deluxe Corporation (NYSE:DLX) traded down 1.51% on Thursday, reaching $72.62. The company had a trading volume of 401,002 shares. Deluxe Corporation has a 12 month low of $59.47 and a 12 month high of $75.94. The stock has a 50-day moving average price of $71.65 and a 200-day moving average price of $70.24. The stock has a market cap of $3.51 billion, a PE ratio of 15.54 and a beta of 1.35.

Deluxe Corporation (NYSE:DLX) last announced its earnings results on Thursday, October 26th. The business services provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. Deluxe Corporation had a return on equity of 27.83% and a net margin of 11.98%. The firm had revenue of $497.70 million for the quarter, compared to the consensus estimate of $487.77 million. During the same quarter in the previous year, the business earned $1.22 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. Analysts predict that Deluxe Corporation will post $5.25 earnings per share for the current fiscal year.

Separately, BidaskClub upgraded Deluxe Corporation from a sell rating to a hold rating in a research note on Monday, July 31st.

In other news, VP John D. Filby sold 18,936 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.21, for a total value of $1,367,368.56. Following the transaction, the vice president now owns 46,154 shares in the company, valued at approximately $3,332,780.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald C. Baldwin sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $72.41, for a total value of $144,820.00. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

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Deluxe Corporation Company Profile

Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.

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