Broadridge Financial Solutions (NYSE:BR) – Equities research analysts at DA Davidson cut their Q2 2019 earnings per share (EPS) estimates for Broadridge Financial Solutions in a note issued to investors on Wednesday, April 11th. DA Davidson analyst P. Heckmann now anticipates that the business services provider will earn $0.57 per share for the quarter, down from their previous estimate of $0.69. DA Davidson currently has a “Neutral” rating and a $92.00 price objective on the stock. DA Davidson also issued estimates for Broadridge Financial Solutions’ Q3 2019 earnings at $0.90 EPS and Q4 2019 earnings at $2.37 EPS.
Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.58 by $0.21. Broadridge Financial Solutions had a return on equity of 44.02% and a net margin of 8.74%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $945.80 million. During the same period last year, the company posted $0.39 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year.
Shares of NYSE BR opened at $109.71 on Monday. Broadridge Financial Solutions has a 1 year low of $67.09 and a 1 year high of $110.05. The stock has a market cap of $12,485.50, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.65 and a beta of 0.84. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.79 and a current ratio of 1.79.
A number of large investors have recently bought and sold shares of the stock. Captrust Financial Advisors acquired a new position in Broadridge Financial Solutions in the fourth quarter valued at approximately $133,000. Assetmark Inc. boosted its stake in Broadridge Financial Solutions by 397.5% in the fourth quarter. Assetmark Inc. now owns 1,582 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 1,264 shares during the period. Wetherby Asset Management Inc. acquired a new position in Broadridge Financial Solutions in the fourth quarter valued at approximately $200,000. Polaris Greystone Financial Group LLC acquired a new position in Broadridge Financial Solutions in the fourth quarter valued at approximately $202,000. Finally, Sterling Capital Management LLC acquired a new position in Broadridge Financial Solutions in the fourth quarter valued at approximately $203,000. Institutional investors and hedge funds own 84.54% of the company’s stock.
In related news, CEO Richard J. Daly sold 26,000 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, April 3rd. The stock was 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 directly owns 337,845 shares in the company, valued at $36,298,066.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stuart R. Levine sold 8,304 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $106.05, for a total value of $880,639.20. Following the completion of the transaction, the director now owns 24,554 shares of the company’s stock, valued at $2,603,951.70. The disclosure for this sale can be found here. Insiders sold 163,743 shares of company stock valued at $15,985,048 over the last quarter. Insiders own 2.60% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th were paid a $0.365 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $1.46 dividend on an annualized basis and a yield of 1.33%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 46.65%.
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Broadridge Financial Solutions Company Profile
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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