Broadridge Financial Solutions (BR) Issues FY18 Earnings Guidance

Broadridge Financial Solutions (NYSE:BR) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.97-4.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.06. The company issued revenue guidance of ~$4.22-4.31 billion, compared to the consensus revenue estimate of $4.31 billion.

Broadridge Financial Solutions (NYSE:BR) traded up $0.07 during trading on Tuesday, reaching $98.85. The company had a trading volume of 180,428 shares, compared to its average volume of 512,522. The company has a market capitalization of $11,520.00, a PE ratio of 30.33, a price-to-earnings-growth ratio of 2.45 and a beta of 1.01. Broadridge Financial Solutions has a fifty-two week low of $66.49 and a fifty-two week high of $99.22. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.79 and a current ratio of 1.79.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.21. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $945.80 million. Broadridge Financial Solutions had a return on equity of 44.02% and a net margin of 8.74%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share. research analysts predict that Broadridge Financial Solutions will post 4.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th will be issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 1.48%. The ex-dividend date is Wednesday, March 14th. Broadridge Financial Solutions’s dividend payout ratio is 44.79%.

BR has been the topic of several recent research reports. DA Davidson reiterated a hold rating and issued a $86.00 price target on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. Barclays raised their price target on Broadridge Financial Solutions from $74.00 to $85.00 and gave the company an equal weight rating in a report on Thursday, November 9th. ValuEngine upgraded Broadridge Financial Solutions from a hold rating to a buy rating in a report on Tuesday, November 14th. Raymond James Financial reiterated a hold rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. Finally, Zacks Investment Research cut Broadridge Financial Solutions from a buy rating to a hold rating in a report on Tuesday, January 9th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $98.75.

In other Broadridge Financial Solutions news, Director Richard J. Haviland sold 7,655 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total transaction of $677,544.05. Following the transaction, the director now owns 44,482 shares in the company, valued at $3,937,101.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Christopher John Perry sold 21,117 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $97.07, for a total value of $2,049,827.19. Following the transaction, the senior vice president now owns 44,145 shares in the company, valued at approximately $4,285,155.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 166,675 shares of company stock worth $15,441,281. Company insiders own 2.60% of the company’s stock.

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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.

Earnings History and Estimates for Broadridge Financial Solutions (NYSE:BR)

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