Deluxe (NYSE:DLX) Releases FY 2024 Earnings Guidance

Deluxe (NYSE:DLX) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.100-3.400 for the period, compared to the consensus EPS estimate of 3.200. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 billion.

Deluxe Price Performance

Shares of DLX traded up $0.36 during midday trading on Wednesday, reaching $24.38. The stock had a trading volume of 281,920 shares, compared to its average volume of 227,988. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 0.69 and a beta of 1.47. The company has a current ratio of 0.97, a quick ratio of 0.88 and a debt-to-equity ratio of 2.53. Deluxe has a 12-month low of $16.00 and a 12-month high of $24.87. The company’s 50-day moving average is $22.51 and its 200 day moving average is $21.03.

Deluxe (NYSE:DLX) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. Deluxe had a net margin of 1.57% and a return on equity of 21.33%. The firm had revenue of $535.00 million for the quarter, compared to the consensus estimate of $527.45 million. On average, equities analysts predict that Deluxe will post 2.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com downgraded Deluxe from a strong-buy rating to a buy rating in a report on Sunday. Northcoast Research began coverage on Deluxe in a report on Friday, April 19th. They set a buy rating and a $27.00 target price on the stock. Finally, TD Cowen increased their target price on Deluxe from $33.00 to $35.00 and gave the stock a buy rating in a research report on Tuesday, May 14th.

Insider Buying and Selling

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,440 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were acquired at an average price of $21.63 per share, for a total transaction of $52,777.20. Following the purchase, the chief executive officer now directly owns 175,850 shares of the company’s stock, valued at approximately $3,803,635.50. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have purchased 2,675 shares of company stock worth $58,063. 4.23% of the stock is owned by insiders.

About Deluxe

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.