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 Stock Performance
NYSE:DLX traded down $0.81 during trading on Tuesday, reaching $22.53. 3,954 shares of the company's stock were exchanged, compared to its average volume of 179,813. Deluxe has a fifty-two week low of $20.48 and a fifty-two week high of $42.72. The business has a 50 day moving average price of $22.65 and a 200-day moving average price of $27.00. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.95 and a quick ratio of 0.86. The stock has a market capitalization of $968.56 million, a P/E ratio of 17.55 and a beta of 1.45.
Deluxe (NYSE:DLX - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.06). The company had revenue of $563.00 million for the quarter, compared to analyst estimates of $528.25 million. Deluxe had a return on equity of 30.24% and a net margin of 2.61%. The company's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS.
Deluxe Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend is Friday, August 19th. Deluxe's payout ratio is 90.23%.
Wall Street Analyst Weigh In
DLX has been the subject of several research reports. Cowen lowered their target price on Deluxe from $42.00 to $36.00 in a research note on Friday. StockNews.com upgraded Deluxe from a "hold" rating to a "buy" rating in a report on Thursday, May 19th. Finally, Cowen cut their price target on Deluxe from $42.00 to $36.00 in a report on Friday.