$0.58 EPS Expected for Broadridge Financial Solutions, Inc. (BR) This Quarter

Brokerages predict that Broadridge Financial Solutions, Inc. (NYSE:BR) will post $0.58 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Broadridge Financial Solutions’ earnings. The lowest EPS estimate is $0.53 and the highest is $0.64. Broadridge Financial Solutions posted earnings of $0.39 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 48.7%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, 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 fiscal year, analysts forecast that the company will post earnings of $4.04 per share, with EPS estimates ranging from $4.00 to $4.08. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Broadridge Financial Solutions.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.54 earnings per share for the quarter, beating the 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 business had revenue of $925.00 million for the quarter, compared to analysts’ expectations of $923.68 million. During the same period last year, the business earned $0.36 EPS. The business’s revenue was up 3.4% on a year-over-year basis.

Several equities analysts have weighed in on BR shares. Barclays raised their price objective on Broadridge Financial Solutions from $74.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. Raymond James Financial reiterated a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. Zacks Investment Research cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, DA Davidson reiterated a “hold” rating and set a $86.00 target price on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. Six equities research analysts have rated the stock with a hold rating, Broadridge Financial Solutions has an average rating of “Hold” and an average target price of $90.50.

In other news, Director Richard J. Haviland sold 7,655 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total transaction of $677,544.05. Following the sale, the director now directly owns 44,482 shares in the company, valued at approximately $3,937,101.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Schifellite sold 49,181 shares of Broadridge Financial Solutions stock in a transaction on Friday, December 8th. The stock was sold at an average price of $89.47, for a total value of $4,400,224.07. Following the sale, the insider now owns 149,181 shares in the company, valued at $13,347,224.07. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Broadridge Financial Solutions in the 4th quarter worth about $2,546,000. State of Alaska Department of Revenue increased its holdings in Broadridge Financial Solutions by 239.2% in the 4th quarter. State of Alaska Department of Revenue now owns 15,685 shares of the business services provider’s stock worth $1,420,000 after acquiring an additional 11,061 shares during the last quarter. BKD Wealth Advisors LLC increased its holdings in Broadridge Financial Solutions by 15.7% in the 4th quarter. BKD Wealth Advisors LLC now owns 5,567 shares of the business services provider’s stock worth $504,000 after acquiring an additional 754 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Broadridge Financial Solutions by 3,842.0% in the 4th quarter. Acadian Asset Management LLC now owns 17,266 shares of the business services provider’s stock worth $1,564,000 after acquiring an additional 16,828 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Broadridge Financial Solutions by 3.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 398,434 shares of the business services provider’s stock worth $36,091,000 after acquiring an additional 13,717 shares during the last quarter. Institutional investors own 83.50% of the company’s stock.

Shares of Broadridge Financial Solutions (BR) traded up $0.80 during trading hours on Friday, reaching $95.93. The company’s stock had a trading volume of 289,335 shares, compared to its average volume of 428,368. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.25. Broadridge Financial Solutions has a fifty-two week low of $65.35 and a fifty-two week high of $96.00. The company has a market cap of $11,180.00, a PE ratio of 33.54, a PEG ratio of 2.56 and a beta of 0.99.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th were paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, December 14th. Broadridge Financial Solutions’s payout ratio is 51.05%.

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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.

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

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