Brokerages forecast that Broadridge Financial Solutions, Inc. (NYSE:BR) will report $1.54 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Broadridge Financial Solutions’ earnings, with estimates ranging from $1.46 to $1.69. Broadridge Financial Solutions posted earnings per share of $1.00 in the same quarter last year, which would suggest a positive year over year growth rate of 54%. The business is expected to report its next earnings report on Tuesday, May 14th.
According to Zacks, analysts expect that Broadridge Financial Solutions will report full-year earnings of $4.61 per share for the current year, with EPS estimates ranging from $4.57 to $4.66. For the next year, analysts expect that the company will report earnings of $5.05 per share, with EPS estimates ranging from $5.00 to $5.10. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Broadridge Financial Solutions.
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Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.15). Broadridge Financial Solutions had a net margin of 10.25% and a return on equity of 43.95%. The business had revenue of $953.40 million for the quarter, compared to analysts’ expectations of $967.21 million. During the same period in the previous year, the company earned $0.79 EPS. Broadridge Financial Solutions’s revenue for the quarter was down 5.9% compared to the same quarter last year.
Several analysts recently weighed in on BR shares. SunTrust Banks reissued a “buy” rating and issued a $110.00 price objective on shares of Broadridge Financial Solutions in a report on Sunday, January 6th. Zacks Investment Research raised shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research note on Monday, February 11th. DA Davidson raised shares of Broadridge Financial Solutions from a “neutral” rating to a “buy” rating and set a $116.00 price objective on the stock in a research note on Friday, February 8th. Finally, Rosenblatt Securities assumed coverage on shares of Broadridge Financial Solutions in a research note on Wednesday, December 5th. They issued a “neutral” rating and a $110.00 price objective on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $118.80.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Whittier Trust Co. boosted its stake in Broadridge Financial Solutions by 117.3% during the fourth quarter. Whittier Trust Co. now owns 289 shares of the business services provider’s stock worth $28,000 after buying an additional 156 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in Broadridge Financial Solutions during the 4th quarter worth about $39,000. Capital Financial Planning LLC purchased a new stake in Broadridge Financial Solutions during the 4th quarter worth about $39,000. CX Institutional purchased a new stake in Broadridge Financial Solutions during the 4th quarter worth about $41,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in Broadridge Financial Solutions during the 4th quarter worth about $52,000. 87.11% of the stock is currently owned by institutional investors.
NYSE BR traded down $0.40 during trading hours on Friday, hitting $99.95. 327,813 shares of the company were exchanged, compared to its average volume of 866,962. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.62. Broadridge Financial Solutions has a 52-week low of $91.34 and a 52-week high of $138.24. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 2.16 and a beta of 0.84.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, March 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 46.30%.
Broadridge Financial Solutions Company Profile
Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and offers ProxyEdge, an electronic proxy delivery and voting solution.
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