Deluxe (DLX) to Release Quarterly Earnings on Wednesday

Deluxe (NYSE:DLX) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Deluxe to post earnings of $0.60 per share for the quarter. Deluxe has set its FY 2024 guidance at 3.100-3.400 EPS and its FY24 guidance at $3.10-$3.40 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Deluxe (NYSE:DLX) last announced its earnings results on Thursday, February 1st. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The business had revenue of $537.40 million for the quarter, compared to analyst estimates of $537.80 million. Deluxe had a return on equity of 21.53% and a net margin of 1.20%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. On average, analysts expect Deluxe to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Deluxe Trading Up 1.5 %

Shares of DLX opened at $20.35 on Monday. Deluxe has a one year low of $13.61 and a one year high of $21.97. The stock has a 50-day moving average price of $19.66 and a 200 day moving average price of $19.39. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.88 and a current ratio of 0.93. The company has a market capitalization of $892.35 million, a P/E ratio of 34.49, a P/E/G ratio of 0.61 and a beta of 1.49.

Deluxe Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend was Friday, February 16th. Deluxe’s dividend payout ratio (DPR) is currently 203.39%.

Wall Street Analysts Forecast Growth

Separately, Northcoast Research began coverage on shares of Deluxe in a research note on Friday, April 19th. They issued a “buy” rating and a $27.00 price target for the company.

Insider Buying and Selling at Deluxe

In other news, CEO Barry C. Mccarthy bought 2,666 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of $19.25 per share, for a total transaction of $51,320.50. Following the transaction, the chief executive officer now owns 173,410 shares in the company, valued at $3,338,142.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 4.23% of the stock is currently owned by insiders.

About Deluxe

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.