Wall Street brokerages expect Broadridge Financial Solutions, Inc. (NYSE:BR – Get Rating) to announce $2.61 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Broadridge Financial Solutions’ earnings. The lowest EPS estimate is $2.49 and the highest is $2.69. Broadridge Financial Solutions posted earnings of $2.19 per share during the same quarter last year, which indicates a positive year over year growth rate of 19.2%. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Broadridge Financial Solutions will report full-year earnings of $6.45 per share for the current fiscal year, with EPS estimates ranging from $6.31 to $6.50. For the next year, analysts anticipate that the firm will post earnings of $6.96 per share, with EPS estimates ranging from $6.88 to $7.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Broadridge Financial Solutions.
Broadridge Financial Solutions (NYSE:BR – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The business services provider reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.16. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Broadridge Financial Solutions had a net margin of 9.99% and a return on equity of 39.83%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company posted $1.76 earnings per share.
Shares of NYSE BR opened at $146.80 on Friday. The stock has a market capitalization of $17.21 billion, a P/E ratio of 31.50 and a beta of 0.95. The company has a 50-day moving average price of $148.47 and a 200-day moving average price of $157.54. Broadridge Financial Solutions has a 1 year low of $132.68 and a 1 year high of $185.40. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.27 and a quick ratio of 1.27.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 6th. Investors of record on Wednesday, June 15th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, June 14th. Broadridge Financial Solutions’s payout ratio is currently 54.94%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Broadridge Financial Solutions by 29.1% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 527,327 shares of the business services provider’s stock valued at $96,406,000 after purchasing an additional 118,885 shares in the last quarter. Bath Savings Trust Co lifted its position in shares of Broadridge Financial Solutions by 1.4% during the fourth quarter. Bath Savings Trust Co now owns 106,149 shares of the business services provider’s stock valued at $19,406,000 after purchasing an additional 1,417 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Broadridge Financial Solutions by 23.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 228,824 shares of the business services provider’s stock valued at $41,834,000 after purchasing an additional 43,308 shares in the last quarter. Aureus Asset Management LLC lifted its position in shares of Broadridge Financial Solutions by 14.9% during the fourth quarter. Aureus Asset Management LLC now owns 20,314 shares of the business services provider’s stock valued at $3,714,000 after purchasing an additional 2,630 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Broadridge Financial Solutions by 2.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,021 shares of the business services provider’s stock worth $735,000 after acquiring an additional 93 shares during the period. 87.01% of the stock is currently owned by institutional investors.
About Broadridge Financial Solutions (Get Rating)
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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