Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, Australia, South America, and Europe. It operates through four segments: Payments, Cloud Solutions, Promotional Solutions, and Checks. The company provides treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing, and paperless treasury management solutions, as well as payment exchange, and fraud and security services; web hosting and design services, data-driven marketing solutions and hosted solutions, such as digital engagement, logo design, financial institution profitability reporting, and business incorporation services. It also offers business forms, accessories, advertising specialties, promotional apparel, and retail packaging services; and printed personal and business checks. The company was formerly known as Deluxe Check Printers, Incorporated and changed its name to Deluxe Corporation in 1988. Deluxe Corporation was founded in 1915 and is headquartered in Shoreview, Minnesota.
Deluxe Trading Up 1.2 %
DLX Stock traded up $0.27 during mid-day trading on Friday, hitting $23.28. 177,498 shares of the company were exchanged, compared to its average volume of 191,564. The business has a fifty day simple moving average of $22.57 and a 200-day simple moving average of $26.80. The firm has a market capitalization of $1.00 billion, a P/E ratio of 17.50 and a beta of 1.45. Deluxe has a 12-month low of $20.48 and a 12-month high of $42.66. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 2.71.
Deluxe (NYSE:DLX - Get Rating) last posted its earnings results on Thursday, August 4th. The business services provider reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.06). Deluxe had a net margin of 2.61% and a return on equity of 30.24%. The company had revenue of $563.00 million during the quarter, compared to analyst estimates of $528.25 million. During the same quarter last year, the business posted $1.25 EPS. The firm's revenue for the quarter was up 17.7% on a year-over-year basis.
Deluxe Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Monday, August 22nd will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.15%. The ex-dividend date is Friday, August 19th. Deluxe's payout ratio is 90.23%.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. StockNews.com raised Deluxe from a "hold" rating to a "buy" rating in a research note on Thursday, May 19th. Cowen decreased their target price on shares of Deluxe from $42.00 to $36.00 in a report on Friday, August 5th. Finally, Cowen decreased their price objective on Deluxe from $42.00 to $36.00 in a report on Friday, August 5th.