Deluxe (DLX) to Release Earnings on Wednesday

Deluxe (NYSE:DLX) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Deluxe to post earnings of $0.60 per share for the quarter. Deluxe has set its FY 2024 guidance at 3.100-3.400 EPS and its FY24 guidance at $3.10-$3.40 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Deluxe (NYSE:DLX) last announced its earnings results on Thursday, February 1st. The business services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.05. Deluxe had a return on equity of 21.53% and a net margin of 1.20%. The company had revenue of $537.40 million during the quarter, compared to analysts’ expectations of $537.80 million. During the same period last year, the business posted $0.98 EPS. Deluxe’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts expect Deluxe to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Deluxe Stock Performance

Shares of Deluxe stock opened at $20.49 on Wednesday. The business has a 50-day moving average of $19.65 and a 200 day moving average of $19.34. Deluxe has a 12 month low of $13.61 and a 12 month high of $21.97. The stock has a market capitalization of $898.49 million, a price-to-earnings ratio of 34.73, a price-to-earnings-growth ratio of 0.59 and a beta of 1.48. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.93 and a quick ratio of 0.88.

Deluxe Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Tuesday, February 20th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date was Friday, February 16th. Deluxe’s dividend payout ratio (DPR) is 203.39%.

Wall Street Analysts Forecast Growth

Separately, Northcoast Research assumed coverage on Deluxe in a report on Friday, April 19th. They set a “buy” rating and a $27.00 target price for the company.

Insider Activity

In related news, CEO Barry C. Mccarthy acquired 2,666 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $19.25 per share, for a total transaction of $51,320.50. Following the purchase, the chief executive officer now owns 173,410 shares of the company’s stock, valued at approximately $3,338,142.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.23% of the company’s stock.

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.