Deluxe (DLX) Set to Announce Earnings on Wednesday

Deluxe (NYSE:DLX - Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Deluxe to post earnings of $0.60 per share for the quarter. Deluxe has set its FY 2024 guidance at 3.100-3.400 EPS and its FY24 guidance at $3.10-$3.40 EPS.Investors that are interested in participating in the company's conference call can do so using this link.

Deluxe (NYSE:DLX - Get Free Report) last released its earnings results on Thursday, February 1st. The business services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.05. Deluxe had a return on equity of 21.53% and a net margin of 1.20%. The business had revenue of $537.40 million during the quarter, compared to the consensus estimate of $537.80 million. During the same period last year, the company earned $0.98 earnings per share. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts expect Deluxe to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Deluxe Trading Down 1.0 %

Shares of NYSE:DLX traded down $0.21 on Wednesday, hitting $20.27. 172,669 shares of the company's stock were exchanged, compared to its average volume of 208,297. Deluxe has a 12 month low of $13.61 and a 12 month high of $21.97. The stock has a market capitalization of $888.84 million, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 0.59 and a beta of 1.49. The business's 50 day simple moving average is $19.67 and its two-hundred day simple moving average is $19.36. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.93 and a quick ratio of 0.88.

Deluxe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Tuesday, February 20th were issued a $0.30 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.20 annualized dividend and a dividend yield of 5.92%. Deluxe's payout ratio is currently 203.39%.

Insider Activity at Deluxe

In related news, CEO Barry C. Mccarthy bought 2,666 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $19.25 per share, for a total transaction of $51,320.50. Following the completion of the purchase, the chief executive officer now directly owns 173,410 shares of the company's stock, valued at $3,338,142.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Northcoast Research initiated coverage on Deluxe in a report on Friday, April 19th. They issued a "buy" rating and a $27.00 price objective for the company.

About Deluxe

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.