Broadridge Financial Solutions (NYSE:BR – Get Free Report) issued its quarterly earnings data on Tuesday. The business services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $0.01, Briefing.com reports. Broadridge Financial Solutions had a net margin of 10.92% and a return on equity of 40.88%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the business posted $3.21 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Broadridge Financial Solutions updated its FY25 guidance to $8.35-$8.66 EPS and its FY 2025 guidance to 8.350-8.660 EPS.
Broadridge Financial Solutions Stock Up 1.8 %
BR opened at $215.80 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39. The company’s 50-day moving average is $203.43 and its 200 day moving average is $201.35. Broadridge Financial Solutions has a fifty-two week low of $166.73 and a fifty-two week high of $223.81. The firm has a market capitalization of $25.50 billion, a P/E ratio of 36.83 and a beta of 1.04.
Broadridge Financial Solutions Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a dividend of $0.88 per share. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, September 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 54.61%.
Insiders Place Their Bets
Wall Street Analyst Weigh In
BR has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Broadridge Financial Solutions from $213.00 to $224.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank of Canada increased their target price on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an “outperform” rating in a research report on Wednesday. DA Davidson restated a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Finally, StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, July 20th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions presently has an average rating of “Hold” and a consensus target price of $213.17.
Get Our Latest Stock Analysis on BR
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.
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