Broadridge Financial Solutions (NYSE:BR) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.97-4.10 for the period, compared to the Thomson Reuters consensus estimate of $4.06. The company issued revenue guidance of ~$4.22-4.31 billion, compared to the consensus revenue estimate of $4.31 billion.
Broadridge Financial Solutions (NYSE:BR) traded down $0.19 during trading hours on Wednesday, reaching $107.81. 1,238,616 shares of the company were exchanged, compared to its average volume of 627,500. Broadridge Financial Solutions has a 12 month low of $66.49 and a 12 month high of $109.13. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $12,665.15, a PE ratio of 34.33, a price-to-earnings-growth ratio of 2.69 and a beta of 0.95.
Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.21. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $945.80 million. Broadridge Financial Solutions had a net margin of 8.74% and a return on equity of 44.02%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. equities analysts anticipate that Broadridge Financial Solutions will post 4.04 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Broadridge Financial Solutions from a hold rating to a buy rating in a research note on Thursday, March 1st. Sandler O’Neill restated a hold rating and set a $101.00 price target on shares of Broadridge Financial Solutions in a research report on Thursday, February 15th. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a hold rating to a buy rating and set a $108.00 price target on the stock in a research report on Wednesday, January 31st. Raymond James Financial reaffirmed a hold rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. Finally, Barclays increased their price objective on shares of Broadridge Financial Solutions from $96.00 to $100.00 and gave the company an equal weight rating in a report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Broadridge Financial Solutions presently has a consensus rating of Hold and an average price target of $98.75.
In related news, Director Stuart R. Levine sold 8,304 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $106.05, for a total value of $880,639.20. Following the completion of the transaction, the director now owns 24,554 shares in the company, valued at $2,603,951.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas Richard Deschutter sold 56,539 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $92.60, for a total transaction of $5,235,511.40. Following the completion of the transaction, the insider now owns 98,427 shares of the company’s stock, valued at approximately $9,114,340.20. The disclosure for this sale can be found here. Insiders have sold 137,743 shares of company stock worth $13,191,608 over the last ninety days. 2.60% of the stock is owned by insiders.
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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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