Analysts expect Broadridge Financial Solutions, Inc. (NYSE:BR) to report sales of $1.30 billion for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Broadridge Financial Solutions’ earnings. Broadridge Financial Solutions reported sales of $974.50 million during the same quarter last year, which indicates a positive year-over-year growth rate of 33.4%. The company is scheduled to issue its next quarterly earnings results on Tuesday, August 8th.

On average, analysts expect that Broadridge Financial Solutions will report full year sales of $1.30 billion for the current year. For the next fiscal year, analysts expect that the company will report sales of $4.30 billion per share. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Broadridge Financial Solutions.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Wednesday, May 10th. The business services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.10. Broadridge Financial Solutions had a net margin of 8.21% and a return on equity of 34.74%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.65 million. During the same quarter in the prior year, the business earned $0.58 earnings per share. The business’s quarterly revenue was up 46.4% compared to the same quarter last year.

Several equities analysts have commented on BR shares. Zacks Investment Research cut Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a report on Monday, March 27th. BidaskClub upgraded Broadridge Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $75.00.

ILLEGAL ACTIVITY WARNING: “Broadridge Financial Solutions, Inc. (BR) Expected to Announce Quarterly Sales of $1.30 Billion” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/07/21/broadridge-financial-solutions-inc-br-expected-to-announce-quarterly-sales-of-1-30-billion-2.html.

Shares of Broadridge Financial Solutions (NYSE BR) traded up 0.03% during trading on Friday, hitting $75.27. 192,957 shares of the stock traded hands. Broadridge Financial Solutions has a 12 month low of $59.86 and a 12 month high of $78.00. The company has a 50 day moving average price of $75.52 and a 200 day moving average price of $70.48. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 29.48 and a beta of 1.00.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 15th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Tuesday, June 13th. Broadridge Financial Solutions’s payout ratio is presently 51.56%.

In related news, SVP Christopher John Perry sold 73,936 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $72.57, for a total transaction of $5,365,535.52. Following the sale, the senior vice president now owns 91,276 shares of the company’s stock, valued at approximately $6,623,899.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Laura Matlin sold 630 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $71.89, for a total value of $45,290.70. Following the sale, the vice president now directly owns 5,271 shares in the company, valued at approximately $378,932.19. The disclosure for this sale can be found here. Insiders have sold a total of 323,032 shares of company stock worth $24,016,648 in the last ninety days. 3.50% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the company. Van ECK Associates Corp increased its stake in shares of Broadridge Financial Solutions by 8.0% in the first quarter. Van ECK Associates Corp now owns 1,814 shares of the business services provider’s stock valued at $123,000 after buying an additional 135 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of Broadridge Financial Solutions by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,176 shares of the business services provider’s stock valued at $202,000 after buying an additional 174 shares during the last quarter. Ropes Wealth Advisors LLC increased its stake in shares of Broadridge Financial Solutions by 16.4% in the first quarter. Ropes Wealth Advisors LLC now owns 3,384 shares of the business services provider’s stock valued at $230,000 after buying an additional 478 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Broadridge Financial Solutions during the first quarter valued at approximately $233,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Broadridge Financial Solutions by 13.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,450 shares of the business services provider’s stock valued at $234,000 after buying an additional 400 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

Get a free copy of the Zacks research report on Broadridge Financial Solutions (BR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Broadridge Financial Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.