Broadridge Financial Solutions, Inc. (BR) Scheduled to Post Quarterly Earnings on Tuesday
Broadridge Financial Solutions, Inc. (NYSE:BR) is set to announce its earnings results before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Broadridge Financial Solutions has set its FY18 guidance at $3.60-3.72 EPS.
Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, August 10th. The business services provider reported $1.71 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.71. Broadridge Financial Solutions had a return on equity of 37.99% and a net margin of 7.89%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The business’s revenue was up 38.1% compared to the same quarter last year. On average, analysts expect Broadridge Financial Solutions to post $3.68 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Broadridge Financial Solutions, Inc. (NYSE BR) opened at 85.64 on Tuesday. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 31.72 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 1-year low of $59.86 and a 1-year high of $85.97. The firm has a 50-day moving average price of $81.91 and a 200-day moving average price of $76.38.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 15th were issued a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Thursday, September 14th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. Broadridge Financial Solutions’s payout ratio is currently 53.48%.
In other Broadridge Financial Solutions news, insider Richard J. Daly sold 94,039 shares of the company’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total transaction of $7,706,496.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Adam D. Amsterdam sold 17,813 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $76.96, for a total value of $1,370,888.48. Following the sale, the insider now owns 20,646 shares in the company, valued at approximately $1,588,916.16. The disclosure for this sale can be found here. Insiders sold a total of 119,720 shares of company stock worth $9,679,916 in the last quarter. Company insiders own 2.60% of the company’s stock.
BR has been the topic of several research analyst reports. BidaskClub upgraded Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Barclays PLC boosted their price objective on Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. Finally, DA Davidson initiated coverage on Broadridge Financial Solutions in a report on Monday, August 7th. They issued a “neutral” rating and a $74.00 price objective on the stock.
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About Broadridge Financial Solutions
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.
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