Broadridge Financial Solutions (BR) to Release Earnings on Wednesday

Broadridge Financial Solutions (NYSE:BR) will post its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Broadridge Financial Solutions to post earnings of $2.23 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $200.68 on Tuesday. Broadridge Financial Solutions has a 12 month low of $144.54 and a 12 month high of $210.24. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $23.63 billion, a PE ratio of 34.96 and a beta of 0.98. The firm has a fifty day simple moving average of $200.26 and a two-hundred day simple moving average of $195.46.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.20 annualized dividend and a dividend yield of 1.59%. Broadridge Financial Solutions’s payout ratio is 55.75%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BR shares. DA Davidson reissued a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. Evercore ISI reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada upped their price objective on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Raymond James upped their price objective on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $206.67.

Insider Transactions at Broadridge Financial Solutions

In related news, insider Douglas Richard Deschutter sold 12,200 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $204.71, for a total value of $2,497,462.00. Following the transaction, the insider now directly owns 32,480 shares in the company, valued at $6,648,980.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Thomas P. Carey sold 12,731 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total value of $2,559,185.62. Following the transaction, the vice president now directly owns 13,303 shares in the company, valued at $2,674,169.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Douglas Richard Deschutter sold 12,200 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the completion of the transaction, the insider now owns 32,480 shares in the company, valued at $6,648,980.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,761 shares of company stock valued at $5,223,959. 1.60% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Company Profile

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.