Broadridge Financial Solutions, Inc. (BR) to Post Q1 2019 Earnings of $0.55 Per Share, DA Davidson Forecasts

Broadridge Financial Solutions, Inc. (NYSE:BR) – Research analysts at DA Davidson dropped their Q1 2019 earnings per share (EPS) estimates for Broadridge Financial Solutions in a research report issued on Wednesday, April 11th. DA Davidson analyst P. Heckmann now expects that the business services provider will post earnings per share of $0.55 for the quarter, down from their prior forecast of $0.59. DA Davidson has a “Neutral” rating and a $92.00 price objective on the stock. DA Davidson also issued estimates for Broadridge Financial Solutions’ FY2020 earnings at $4.74 EPS.

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A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Broadridge Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 3rd. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Sandler O’Neill reiterated a “hold” rating and issued a $101.00 target price on shares of Broadridge Financial Solutions in a research note on Thursday, February 15th. Finally, Barclays increased their target price on shares of Broadridge Financial Solutions from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $100.25.

BR stock opened at $107.20 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.79. Broadridge Financial Solutions has a 52-week low of $66.92 and a 52-week high of $110.05. The stock has a market cap of $12,508.83, a price-to-earnings ratio of 28.75, a PEG ratio of 2.66 and a beta of 0.85.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.21. Broadridge Financial Solutions had a net margin of 8.74% and a return on equity of 44.02%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $945.80 million. During the same period in the prior year, the company earned $0.39 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year.

A number of large investors have recently bought and sold shares of BR. Dimensional Fund Advisors LP raised its position in Broadridge Financial Solutions by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 553,304 shares of the business services provider’s stock worth $44,717,000 after purchasing an additional 3,986 shares in the last quarter. OxFORD Asset Management LLP acquired a new position in Broadridge Financial Solutions in the third quarter worth about $420,000. Stifel Financial Corp raised its position in Broadridge Financial Solutions by 1.1% in the third quarter. Stifel Financial Corp now owns 62,328 shares of the business services provider’s stock worth $5,031,000 after purchasing an additional 703 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Broadridge Financial Solutions by 11.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 15,435 shares of the business services provider’s stock worth $1,247,000 after purchasing an additional 1,600 shares in the last quarter. Finally, First Republic Investment Management Inc. acquired a new position in Broadridge Financial Solutions in the third quarter worth about $218,000. 84.63% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Richard J. Daly sold 26,000 shares of the stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $107.44, for a total value of $2,793,440.00. Following the completion of the transaction, the chief executive officer now owns 337,845 shares of the company’s stock, valued at $36,298,066.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leslie A. Brun sold 7,058 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $95.24, for a total transaction of $672,203.92. Following the completion of the transaction, the director now directly owns 37,846 shares of the company’s stock, valued at approximately $3,604,453.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,743 shares of company stock valued at $15,985,048. 2.60% of the stock is owned by corporate insiders.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th were paid a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Wednesday, March 14th. Broadridge Financial Solutions’s payout ratio is presently 46.65%.

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About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

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

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