Deluxe Corporation (NYSE:DLX) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.23-1.28 for the period, compared to the Thomson Reuters consensus estimate of $1.22. The company issued revenue guidance of $485-493 million, compared to the consensus revenue estimate of $488.77 million.Deluxe Corporation also updated its FY17 guidance to $5.20-5.30 EPS.
A number of research firms have recently issued reports on DLX. BidaskClub upgraded shares of Deluxe Corporation from a sell rating to a hold rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Deluxe Corporation from a hold rating to a buy rating and set a $81.00 target price for the company in a research note on Tuesday, May 2nd.
Deluxe Corporation (NYSE:DLX) traded down 0.72% on Friday, hitting $70.19. 181,039 shares of the stock were exchanged. The company has a 50-day moving average price of $70.33 and a 200 day moving average price of $71.29. Deluxe Corporation has a 1-year low of $59.47 and a 1-year high of $75.94. The company has a market capitalization of $3.39 billion, a PE ratio of 15.02 and a beta of 1.35.
Deluxe Corporation (NYSE:DLX) last released its earnings results on Thursday, July 27th. The business services provider reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.05. The firm had revenue of $485.20 million for the quarter, compared to the consensus estimate of $479.42 million. Deluxe Corporation had a net margin of 11.98% and a return on equity of 27.83%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. Analysts anticipate that Deluxe Corporation will post $5.23 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Thursday, August 17th. Deluxe Corporation’s dividend payout ratio is presently 25.64%.
In related news, VP John D. Filby sold 18,936 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.21, for a total transaction of $1,367,368.56. Following the sale, the vice president now directly owns 46,154 shares of the company’s stock, valued at approximately $3,332,780.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald C. Baldwin sold 2,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.41, for a total transaction of $144,820.00. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Deluxe Corporation Company Profile
Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.
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