$1.25 EPS Expected for Deluxe Co. (DLX) This Quarter
Equities research analysts expect Deluxe Co. (NYSE:DLX) to post $1.25 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Deluxe’s earnings, with the lowest EPS estimate coming in at $1.23 and the highest estimate coming in at $1.28. Deluxe reported earnings per share of $1.20 during the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The business is scheduled to announce its next earnings report on Thursday, July 27th.
According to Zacks, analysts expect that Deluxe will report full year earnings of $5.23 per share for the current year, with EPS estimates ranging from $5.15 to $5.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Deluxe.
Deluxe (NYSE:DLX) last issued its quarterly earnings results on Thursday, April 27th. The business services provider reported $1.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.10. The company had revenue of $487.80 million for the quarter, compared to analyst estimates of $474.08 million. Deluxe had a net margin of 12.38% and a return on equity of 29.24%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 earnings per share.
Separately, Zacks Investment Research lowered Deluxe from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th.
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In related news, Director Don J. Mcgrath sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $73.34, for a total transaction of $366,700.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Julie M. Loosbrock sold 6,558 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $74.40, for a total value of $487,915.20. Following the sale, the vice president now owns 14,276 shares in the company, valued at $1,062,134.40. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. LS Investment Advisors LLC increased its stake in shares of Deluxe by 5.6% in the third quarter. LS Investment Advisors LLC now owns 3,186 shares of the business services provider’s stock valued at $213,000 after buying an additional 168 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Deluxe by 4.1% in the third quarter. Rhumbline Advisers now owns 108,151 shares of the business services provider’s stock valued at $7,227,000 after buying an additional 4,308 shares during the last quarter. BlackRock Inc. increased its stake in shares of Deluxe by 0.8% in the third quarter. BlackRock Inc. now owns 23,167 shares of the business services provider’s stock valued at $1,548,000 after buying an additional 176 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of Deluxe by 10.1% in the third quarter. BlackRock Advisors LLC now owns 25,298 shares of the business services provider’s stock valued at $1,690,000 after buying an additional 2,311 shares during the last quarter. Finally, Polaris Greystone Financial Group LLC increased its stake in shares of Deluxe by 5.7% in the third quarter. Polaris Greystone Financial Group LLC now owns 17,660 shares of the business services provider’s stock valued at $1,180,000 after buying an additional 959 shares during the last quarter. Institutional investors and hedge funds own 90.89% of the company’s stock.
Shares of Deluxe (NYSE:DLX) traded down 0.84% during mid-day trading on Thursday, reaching $71.93. 87,340 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $70.96 and a 200 day moving average price of $70.44. Deluxe has a 52 week low of $59.47 and a 52 week high of $75.94. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 15.53 and a beta of 1.20.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 5th. Stockholders of record on Monday, May 22nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Thursday, May 18th. Deluxe’s dividend payout ratio is currently 25.75%.
Deluxe Company Profile
Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.
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