Brokerages predict that Broadridge Financial Solutions, Inc. (NYSE:BR) will announce sales of $953.72 million for the current quarter, Zacks reports. Three analysts have issued estimates for Broadridge Financial Solutions’ earnings, with the highest sales estimate coming in at $963.37 million and the lowest estimate coming in at $943.80 million. Broadridge Financial Solutions posted sales of $892.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.8%. The business is expected to report its next quarterly earnings results on Wednesday, February 14th.

On average, analysts expect that Broadridge Financial Solutions will report full year sales of $953.72 million for the current fiscal year, with estimates ranging from $4.24 billion to $4.26 billion. For the next fiscal year, analysts forecast that the firm will report sales of $4.41 billion per share, with estimates ranging from $4.39 billion to $4.43 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Broadridge Financial Solutions.

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

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

Broadridge Financial Solutions (BR) traded up $0.72 on Friday, hitting $91.44. 349,100 shares of the stock were exchanged, compared to its average volume of 445,133. The stock has a market capitalization of $10,660.00, a price-to-earnings ratio of 31.97, a P/E/G ratio of 2.44 and a beta of 0.99. Broadridge Financial Solutions has a 12 month low of $65.22 and a 12 month high of $92.44. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.70 and a quick ratio of 1.70.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th were given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Thursday, December 14th. Broadridge Financial Solutions’s payout ratio is currently 51.05%.

In other Broadridge Financial Solutions news, insider Robert Schifellite sold 49,181 shares of Broadridge Financial Solutions stock in a transaction on Friday, December 8th. The shares were sold at an average price of $89.47, for a total value of $4,400,224.07. Following the completion of the transaction, the insider now owns 149,181 shares of the company’s stock, valued at $13,347,224.07. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Richard J. Daly sold 94,039 shares of Broadridge Financial Solutions 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. Insiders have sold 150,875 shares of company stock valued at $12,784,264 in the last three months. Corporate insiders own 2.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in BR. Acrospire Investment Management LLC acquired a new position in Broadridge Financial Solutions in the second quarter worth $108,000. Toronto Dominion Bank boosted its holdings 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 worth $110,000 after purchasing an additional 149 shares during the period. Advisory Services Network LLC boosted its holdings 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 worth $118,000 after purchasing an additional 706 shares during the period. Commonwealth Bank of Australia boosted its holdings 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 worth $120,000 after purchasing an additional 600 shares during the period. Finally, ETF Managers Group LLC acquired a new position in Broadridge Financial Solutions in the second quarter worth $144,000. 83.48% of the stock is owned by hedge funds and other institutional investors.

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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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