Broadridge Financial Solutions (NYSE:BR) Issues FY25 Earnings Guidance

Broadridge Financial Solutions (NYSE:BR) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $8.35-$8.66 for the period, compared to the consensus EPS estimate of $8.45. Broadridge Financial Solutions also updated its FY 2025 guidance to 8.350-8.660 EPS.

Analyst Upgrades and Downgrades

Several brokerages have commented on BR. Royal Bank of Canada raised their target price on Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an outperform rating in a research note on Wednesday. StockNews.com cut shares of Broadridge Financial Solutions from a buy rating to a hold rating in a research note on Saturday, July 20th. JPMorgan Chase & Co. raised their price target on shares of Broadridge Financial Solutions from $213.00 to $224.00 and gave the company a neutral rating in a report on Wednesday. Finally, DA Davidson reaffirmed a neutral rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $213.17.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock traded down $4.26 on Wednesday, hitting $214.29. 319,641 shares of the company traded hands, compared to its average volume of 510,245. The company has a market cap of $25.32 billion, a P/E ratio of 36.90 and a beta of 1.04. The firm’s 50-day simple moving average is $202.67 and its 200 day simple moving average is $201.18. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55. Broadridge Financial Solutions has a 12-month low of $166.73 and a 12-month high of $223.81.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, August 6th. The business services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $0.01. Broadridge Financial Solutions had a return on equity of 40.88% and a net margin of 10.92%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the company earned $3.21 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts expect that Broadridge Financial Solutions will post 7.72 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.64%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, September 12th. Broadridge Financial Solutions’s payout ratio is presently 54.61%.

Insiders Place Their Bets

In related news, Director Robert N. Duelks sold 3,473 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $198.06, for a total transaction of $687,862.38. Following the completion of the transaction, the director now directly owns 22,588 shares of the company’s stock, valued at $4,473,779.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 3,473 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $198.06, for a total transaction of $687,862.38. Following the completion of the transaction, the director now owns 22,588 shares in the company, valued at approximately $4,473,779.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas P. Carey sold 2,500 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.40, for a total transaction of $501,000.00. Following the completion of the sale, the vice president now owns 9,361 shares in the company, valued at $1,875,944.40. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

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.