Equities research analysts expect Broadridge Financial Solutions, Inc. (NYSE:BR – Get Rating) to post $1.54 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Broadridge Financial Solutions’ earnings. The highest sales estimate is $1.58 billion and the lowest is $1.48 billion. Broadridge Financial Solutions reported sales of $1.39 billion in the same quarter last year, which indicates a positive year over year growth rate of 10.8%. The company is scheduled to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Broadridge Financial Solutions will report full year sales of $5.71 billion for the current financial year, with estimates ranging from $5.69 billion to $5.79 billion. For the next fiscal year, analysts expect that the business will report sales of $6.00 billion, with estimates ranging from $5.88 billion to $6.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Broadridge Financial Solutions.
Broadridge Financial Solutions (NYSE:BR – Get Rating) last released its earnings results on Tuesday, February 1st. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.20 billion. Broadridge Financial Solutions had a net margin of 10.05% and a return on equity of 39.99%. The business’s revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business earned $0.73 EPS.
BR stock opened at $151.62 on Tuesday. The company has a market capitalization of $17.71 billion, a PE ratio of 32.91 and a beta of 0.96. Broadridge Financial Solutions has a 12 month low of $137.58 and a 12 month high of $185.40. The firm’s 50-day moving average is $150.08 and its 200 day moving average is $164.05. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.16 and a quick ratio of 1.16.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 5th. Stockholders of record on Tuesday, March 15th were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Monday, March 14th. Broadridge Financial Solutions’s payout ratio is currently 56.02%.
Several institutional investors have recently modified their holdings of BR. Norges Bank acquired a new stake in Broadridge Financial Solutions in the 4th quarter worth approximately $193,556,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in Broadridge Financial Solutions by 156.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,268,126 shares of the business services provider’s stock worth $211,321,000 after purchasing an additional 774,130 shares in the last quarter. Morgan Stanley boosted its stake in Broadridge Financial Solutions by 78.0% in the 3rd quarter. Morgan Stanley now owns 1,118,338 shares of the business services provider’s stock worth $186,361,000 after purchasing an additional 490,211 shares in the last quarter. BlackRock Inc. boosted its stake in Broadridge Financial Solutions by 3.1% in the 4th quarter. BlackRock Inc. now owns 9,566,678 shares of the business services provider’s stock worth $1,748,981,000 after purchasing an additional 283,501 shares in the last quarter. Finally, Barclays PLC boosted its stake in Broadridge Financial Solutions by 22.1% in the 4th quarter. Barclays PLC now owns 1,508,222 shares of the business services provider’s stock worth $275,733,000 after purchasing an additional 272,799 shares in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.
Broadridge Financial Solutions Company Profile (Get Rating)
Broadridge Financial Solutions, Inc engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions.
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