Broadridge Financial Solutions (NYSE:BR) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Broadridge Financial Solutions (NYSE:BR) issued its quarterly earnings results on Tuesday. The business services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $3.49 by $0.01, Briefing.com reports. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Broadridge Financial Solutions had a net margin of 10.92% and a return on equity of 40.88%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.21 EPS. 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 Price Performance

Shares of NYSE BR traded down $0.70 during midday trading on Friday, hitting $215.34. The company had a trading volume of 76,068 shares, compared to its average volume of 511,483. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55. The business has a 50-day simple moving average of $203.43 and a two-hundred day simple moving average of $201.35. Broadridge Financial Solutions has a twelve month low of $166.73 and a twelve month high of $223.81. The firm has a market capitalization of $25.45 billion, a price-to-earnings ratio of 36.83 and a beta of 1.04.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost 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%. Broadridge Financial Solutions’s dividend payout ratio is 54.61%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Royal Bank of Canada upped their price target on Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, July 20th. JPMorgan Chase & Co. lifted their price objective on shares of Broadridge Financial Solutions from $213.00 to $224.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, DA Davidson reaffirmed a “neutral” rating and set 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $213.17.

Insider Buying and Selling at Broadridge Financial Solutions

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

Broadridge Financial Solutions Company Profile

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.