What is Sidoti's Estimate for Deluxe FY2028 Earnings?

Key Points

• Sidoti forecasts Deluxe will earn $4.15 per share in FY2028, compared with a $3.39 consensus estimate for the current full year.
• Deluxe reported quarterly EPS of $1.06, beating the $0.95 analyst consensus, while revenue of $553.9 million exceeded estimates and rose 2.5% year over year.
• The company declared a quarterly dividend of $0.30 per share, equal to an annualized yield of about 4.5% at the article’s cited share price.

Deluxe Corporation (NYSE:DLX - Free Report) - Sidoti issued their FY2028 earnings per share (EPS) estimates for shares of Deluxe in a research note issued to investors on Friday, November 6th. Sidoti analyst M. Riddick forecasts that the business services provider will post earnings per share of $4.15 for the year. The consensus estimate for Deluxe's current full-year earnings is $3.39 per share.

A number of other equities analysts have also recently issued reports on DLX. Barrington Research started coverage on shares of Deluxe in a research note on Tuesday, September 29th. They issued an "outperform" rating and a $31.00 price objective for the company. Wall Street Zen upgraded shares of Deluxe from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, Weiss Ratings lowered shares of Deluxe from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

Deluxe Stock Down 0.2%

DLX opened at $26.53 on Thursday. Deluxe has a fifty-two week low of $18.56 and a fifty-two week high of $32.07. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.07 and a quick ratio of 0.99. The firm's fifty day moving average price is $23.65 and its two-hundred day moving average price is $25.36. The company has a market capitalization of $1.22 billion, a P/E ratio of 7.62, a P/E/G ratio of 0.80 and a beta of 1.29.

Deluxe (NYSE:DLX - Get Free Report) last issued its earnings results on Wednesday, November 4th. The business services provider reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.11. The business had revenue of $553.90 million during the quarter, compared to analyst estimates of $532.67 million. Deluxe had a return on equity of 23.02% and a net margin of 3.90%. Deluxe's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share.

Deluxe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.5%. Deluxe's dividend payout ratio (DPR) is presently 67.04%.

Institutional Investors Weigh In On Deluxe

Several institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in Deluxe by 23.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 588,546 shares of the business services provider's stock valued at $13,519,000 after purchasing an additional 111,510 shares during the last quarter. Kendall Capital Management increased its holdings in shares of Deluxe by 9.6% during the third quarter. Kendall Capital Management now owns 86,371 shares of the business services provider's stock worth $1,984,000 after buying an additional 7,595 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Deluxe during the second quarter worth approximately $62,000. Citizens Financial Group Inc. RI bought a new position in shares of Deluxe in the second quarter valued at approximately $244,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Deluxe in the second quarter valued at approximately $14,739,000. Institutional investors and hedge funds own 93.90% of the company's stock.

About Deluxe

Deluxe NYSE: DLX provides payments, data and marketing services to businesses and financial institutions. Its offerings include payment processing and related technology, business checks and forms, and services that help organizations reach and engage customers. The company serves a range of clients, including small businesses, banks and credit unions, and larger enterprises. Its services support both day-to-day business operations and digital commerce. Founded in 1915 as a check-printing business, Deluxe has expanded beyond its original products into a broader range of business services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.