Broadridge Financial Solutions (BR) to Release Earnings on Wednesday

Broadridge Financial Solutions (NYSE:BR) will be announcing its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $2.23 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Thursday, February 1st. The business services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 EPS. On average, analysts expect Broadridge Financial Solutions to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Broadridge Financial Solutions Price Performance

NYSE BR opened at $198.85 on Monday. The stock has a market capitalization of $23.42 billion, a price-to-earnings ratio of 34.64 and a beta of 0.98. Broadridge Financial Solutions has a 1-year low of $144.54 and a 1-year high of $210.24. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40. The business’s fifty day moving average price is $200.27 and its 200-day moving average price is $195.29.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Thursday, March 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.75%.

Insider Buying and Selling

In related news, insider Douglas Richard Deschutter sold 22,722 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the completion of the sale, the insider now owns 44,680 shares in the company, valued at $8,891,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Douglas Richard Deschutter sold 22,722 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the completion of the transaction, the insider now owns 44,680 shares in the company, valued at $8,891,320. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert N. Duelks sold 830 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $201.58, for a total transaction of $167,311.40. Following the transaction, the director now directly owns 5,445 shares of the company’s stock, valued at $1,097,603.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,483 shares of company stock valued at $9,745,637. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

BR has been the subject of a number of recent research reports. Raymond James boosted their price target on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Royal Bank of Canada boosted their target price on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. DA Davidson reiterated a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and an average price target of $206.67.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. 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 distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.