Broadridge Financial Solutions, Inc. (NYSE:BR) declared a quarterly dividend on Wednesday, July 31st, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.54 per share by the business services provider on Thursday, October 3rd. This represents a $2.16 annualized dividend and a yield of 1.72%. The ex-dividend date is Thursday, September 12th. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.49.
NYSE BR traded down $3.56 during trading on Tuesday, hitting $125.61. The company’s stock had a trading volume of 9,225 shares, compared to its average volume of 650,683. Broadridge Financial Solutions has a fifty-two week low of $91.34 and a fifty-two week high of $138.24. The company has a market cap of $14.46 billion, a PE ratio of 27.00, a P/E/G ratio of 2.54 and a beta of 0.71. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.30 and a quick ratio of 1.30. The business’s 50 day simple moving average is $129.04 and its 200-day simple moving average is $120.20.
Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.72. Broadridge Financial Solutions had a return on equity of 46.61% and a net margin of 11.05%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the business posted $1.86 earnings per share. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. Analysts expect that Broadridge Financial Solutions will post 5.12 EPS for the current fiscal year.
Several research firms recently issued reports on BR. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. SunTrust Banks raised their target price on Broadridge Financial Solutions from $130.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, Raymond James downgraded Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $129.20.
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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