Broadridge Financial Solutions (NYSE:BR) Issues FY19 Earnings Guidance

Broadridge Financial Solutions (NYSE:BR) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $4.57-4.73 for the period, compared to the Thomson Reuters consensus estimate of $4.63. The company issued revenue guidance of $4.373 billion, compared to the consensus revenue estimate of $4.47 billion.Broadridge Financial Solutions also updated its FY 2019 guidance to $4.57-4.73 EPS.

A number of analysts recently issued reports on the stock. ValuEngine upgraded shares of Broadridge Financial Solutions from a hold rating to a buy rating in a research note on Friday, May 17th. Raymond James lifted their price target on shares of Broadridge Financial Solutions from $125.00 to $127.00 and gave the stock an outperform rating in a research note on Monday, May 20th. Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a hold rating to a buy rating and set a $131.00 price target for the company in a research note on Friday, May 10th. DA Davidson lowered shares of Broadridge Financial Solutions from a buy rating to a neutral rating and set a $128.00 price target for the company. in a research note on Wednesday, May 8th. They noted that the move was a valuation call. Finally, SunTrust Banks lifted their price target on shares of Broadridge Financial Solutions to $130.00 and gave the stock a buy rating in a research note on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $126.00.

Broadridge Financial Solutions stock opened at $124.62 on Friday. The firm has a market capitalization of $14.38 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 2.66 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.70. Broadridge Financial Solutions has a 12 month low of $91.34 and a 12 month high of $138.24.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, May 7th. The business services provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.10. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. Broadridge Financial Solutions had a net margin of 11.31% and a return on equity of 48.71%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 earnings per share. On average, analysts anticipate that Broadridge Financial Solutions will post 4.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, June 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 46.30%.

In other news, VP Douglas Richard Deschutter sold 13,167 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $122.50, for a total transaction of $1,612,957.50. Following the completion of the transaction, the vice president now owns 103,849 shares of the company’s stock, valued at $12,721,502.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas P. Carey sold 1,215 shares of Broadridge Financial Solutions stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $108.82, for a total transaction of $132,216.30. Following the sale, the vice president now owns 4,202 shares in the company, valued at $457,261.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,784 shares of company stock valued at $17,048,922. Corporate insiders own 2.30% of the company’s stock.

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Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and offers ProxyEdge, an electronic proxy delivery and voting solution.

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

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