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.
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