Analysts predict that Broadridge Financial Solutions, Inc. (NYSE:BR) will announce $0.58 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Broadridge Financial Solutions’ earnings, with estimates ranging from $0.53 to $0.64. Broadridge Financial Solutions posted earnings per share of $0.39 in the same quarter last year, which would indicate a positive year-over-year growth rate of 48.7%. The firm is expected to announce its next earnings report on Wednesday, February 14th.

On average, analysts expect that Broadridge Financial Solutions will report full year earnings of $3.72 per share for the current fiscal year, with EPS estimates ranging from $3.67 to $3.74. For the next financial year, analysts forecast that the business will report earnings of $4.04 per share, with EPS estimates ranging from $4.00 to $4.08. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Broadridge Financial Solutions.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.12. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. The company had revenue of $925.00 million during the quarter, compared to the consensus estimate of $923.68 million. During the same period in the previous year, the firm posted $0.36 earnings per share. Broadridge Financial Solutions’s quarterly revenue was up 3.4% compared to the same quarter last year.

BR has been the topic of several recent analyst reports. ValuEngine raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Barclays boosted their target price on Broadridge Financial Solutions from $74.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Raymond James Financial reissued a “hold” rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. Finally, DA Davidson reissued a “hold” rating and set a $86.00 target price on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. Five investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $90.50.

Broadridge Financial Solutions (NYSE BR) traded up $0.22 on Wednesday, hitting $90.80. The stock had a trading volume of 571,300 shares, compared to its average volume of 431,650. The company has a market capitalization of $10,580.00, a PE ratio of 31.75, a PEG ratio of 2.44 and a beta of 0.99. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.70 and a current ratio of 1.70. Broadridge Financial Solutions has a 52 week low of $65.22 and a 52 week high of $92.44.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be paid a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, December 14th. Broadridge Financial Solutions’s payout ratio is presently 51.05%.

In other Broadridge Financial Solutions news, Director Richard J. Haviland sold 7,655 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $88.51, for a total transaction of $677,544.05. Following the completion of the transaction, the director now owns 44,482 shares of the company’s stock, valued at approximately $3,937,101.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard J. Daly sold 94,039 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $81.95, for a total transaction of $7,706,496.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 150,875 shares of company stock valued at $12,784,264. 2.60% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in BR. Acrospire Investment Management LLC bought a new stake in Broadridge Financial Solutions in the second quarter valued at about $108,000. Toronto Dominion Bank increased its stake in Broadridge Financial Solutions by 11.4% in the second quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 149 shares during the period. Advisory Services Network LLC increased its stake in Broadridge Financial Solutions by 82.8% in the second quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 706 shares during the period. Commonwealth Bank of Australia increased its stake in Broadridge Financial Solutions by 60.0% in the second quarter. Commonwealth Bank of Australia now owns 1,600 shares of the business services provider’s stock valued at $120,000 after acquiring an additional 600 shares during the period. Finally, ETF Managers Group LLC bought a new stake in Broadridge Financial Solutions in the second quarter valued at about $144,000. 83.48% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Broadridge Financial Solutions (NYSE:BR)

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