Broadridge Financial Solutions (NYSE:BR) will issue its quarterly earnings data before the market opens on Tuesday, February 6th.
Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Wednesday, November 8th. The business services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.12. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. The company had revenue of $925.00 million during the quarter, compared to the consensus estimate of $923.68 million. During the same quarter last year, the firm earned $0.36 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. On average, analysts expect Broadridge Financial Solutions to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Broadridge Financial Solutions (BR) opened at $94.77 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.70 and a quick ratio of 1.70. Broadridge Financial Solutions has a 12-month low of $66.49 and a 12-month high of $97.54. The company has a market capitalization of $11,050.00, a price-to-earnings ratio of 33.14, a P/E/G ratio of 2.55 and a beta of 1.01.
In other Broadridge Financial Solutions news, Director Richard J. Haviland sold 7,655 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total value of $677,544.05. Following the transaction, the director now owns 44,482 shares in the company, valued at $3,937,101.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Schifellite sold 49,181 shares of Broadridge Financial Solutions stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $89.47, for a total value of $4,400,224.07. Following the completion of the transaction, the insider now owns 149,181 shares in the company, valued at approximately $13,347,224.07. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.
A number of brokerages recently commented on BR. Zacks Investment Research upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Wednesday. DA Davidson restated a “hold” rating and issued a $86.00 price target on shares of Broadridge Financial Solutions in a research report on Thursday, November 9th. Raymond James Financial restated a “hold” rating on shares of Broadridge Financial Solutions in a research report on Monday, December 4th. ValuEngine cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Barclays restated a “hold” rating and issued a $95.00 price target on shares of Broadridge Financial Solutions in a research report on Friday, December 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $96.33.
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About Broadridge Financial Solutions
Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.
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