Equities research analysts forecast that Broadridge Financial Solutions, Inc. (NYSE:BR) will post earnings of $1.67 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Broadridge Financial Solutions’ earnings, with estimates ranging from $1.65 to $1.70. Broadridge Financial Solutions also reported earnings per share of $1.67 in the same quarter last year. The company is scheduled to issue its next earnings report on Friday, May 14th.

According to Zacks, analysts expect that Broadridge Financial Solutions will report full year earnings of $5.54 per share for the current year, with EPS estimates ranging from $5.50 to $5.59. For the next financial year, analysts expect that the firm will report earnings of $6.05 per share, with EPS estimates ranging from $5.89 to $6.16. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Broadridge Financial Solutions.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Monday, February 1st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. Broadridge Financial Solutions had a net margin of 10.27% and a return on equity of 48.98%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The business’s revenue was up 8.9% on a year-over-year basis.

Several research firms have weighed in on BR. BTIG Research upgraded shares of Broadridge Financial Solutions from a “neutral” rating to a “buy” rating and set a $176.00 price objective on the stock in a report on Wednesday, February 3rd. Truist began coverage on Broadridge Financial Solutions in a research note on Friday, December 18th. They set a “buy” rating and a $175.00 price target for the company. Finally, Raymond James raised their target price on Broadridge Financial Solutions from $155.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, February 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $154.17.

Shares of NYSE:BR traded down $2.71 during trading on Tuesday, reaching $144.79. 8,604 shares of the stock were exchanged, compared to its average volume of 653,965. Broadridge Financial Solutions has a 1-year low of $81.90 and a 1-year high of $158.36. The stock has a fifty day moving average of $149.00 and a two-hundred day moving average of $143.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 35.80 and a beta of 0.83.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 2nd. Investors of record on Monday, March 15th will be issued a dividend of $0.575 per share. The ex-dividend date is Friday, March 12th. This represents a $2.30 dividend on an annualized basis and a yield of 1.59%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 45.73%.

In other news, President Christopher John Perry sold 24,790 shares of the company’s stock in a transaction on Friday, December 18th. The stock was sold at an average price of $152.12, for a total transaction of $3,771,054.80. Following the transaction, the president now owns 80,260 shares of the company’s stock, valued at approximately $12,209,151.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Adam D. Amsterdam sold 20,936 shares of the stock in a transaction on Thursday, February 18th. The stock was sold at an average price of $148.49, for a total value of $3,108,786.64. Following the transaction, the vice president now owns 21,400 shares of the company’s stock, valued at approximately $3,177,686. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,425 shares of company stock worth $7,415,568. Corporate insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. DNB Asset Management AS increased its stake in Broadridge Financial Solutions by 3.0% in the 3rd quarter. DNB Asset Management AS now owns 13,512 shares of the business services provider’s stock worth $1,784,000 after acquiring an additional 392 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in Broadridge Financial Solutions in the third quarter valued at approximately $371,000. IFM Investors Pty Ltd lifted its position in Broadridge Financial Solutions by 7.9% during the third quarter. IFM Investors Pty Ltd now owns 9,446 shares of the business services provider’s stock valued at $1,247,000 after purchasing an additional 689 shares during the last quarter. IBM Retirement Fund grew its stake in Broadridge Financial Solutions by 39.0% in the 3rd quarter. IBM Retirement Fund now owns 3,718 shares of the business services provider’s stock worth $491,000 after buying an additional 1,044 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Broadridge Financial Solutions by 18.4% in the 3rd quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the business services provider’s stock worth $766,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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Earnings History and Estimates for Broadridge Financial Solutions (NYSE:BR)

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