Broadridge Financial Solutions (BR) to Release Quarterly Earnings on Wednesday

Broadridge Financial Solutions (NYSE:BR - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 8th. Analysts expect Broadridge Financial Solutions to post earnings of $2.23 per share for the quarter. Broadridge Financial Solutions has set its FY24 guidance at $7.57-$7.85 EPS and its FY 2024 guidance at 7.570-7.850 EPS.Persons that wish to register for the company's earnings conference call can do so using this link.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS. On average, analysts expect Broadridge Financial Solutions to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Broadridge Financial Solutions Trading Up 0.0 %

Shares of BR traded up $0.02 during trading hours on Wednesday, reaching $193.43. 333,392 shares of the company traded hands, compared to its average volume of 494,959. The company's fifty day moving average price is $200.48 and its two-hundred day moving average price is $194.94. The company has a market capitalization of $22.78 billion, a price-to-earnings ratio of 33.62 and a beta of 0.99. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.77. Broadridge Financial Solutions has a 12 month low of $143.95 and a 12 month high of $210.24.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 14th. Broadridge Financial Solutions's payout ratio is 55.75%.

Analyst Ratings Changes

Several research firms recently commented on BR. Raymond James boosted their price objective on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an "outperform" rating in a research note on Friday, February 2nd. DA Davidson reissued a "neutral" rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, April 10th. Evercore ISI reissued an "outperform" rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. Royal Bank of Canada boosted their price objective on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an "outperform" rating in a research note on Friday, February 2nd. Finally, StockNews.com downgraded shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $206.67.

Insider Transactions at Broadridge Financial Solutions

In other news, insider Douglas Richard Deschutter sold 22,722 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the completion of the transaction, the insider now directly owns 44,680 shares of the company's stock, valued at $8,891,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robert N. Duelks sold 830 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $201.58, for a total transaction of $167,311.40. Following the completion of the transaction, the director now directly owns 5,445 shares of the company's stock, valued at $1,097,603.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas Richard Deschutter sold 22,722 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the transaction, the insider now directly owns 44,680 shares of the company's stock, valued at $8,891,320. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,483 shares of company stock worth $9,745,637. Corporate insiders own 1.60% of the company's stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. 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 distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.