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

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

NYSE BR opened at $218.55 on Wednesday. The company has a market cap of $25.83 billion, a P/E ratio of 37.30 and a beta of 1.04. The business’s 50 day moving average price is $202.67 and its 200-day moving average price is $201.18. Broadridge Financial Solutions has a fifty-two week low of $165.25 and a fifty-two week high of $223.81. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.61%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, September 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 54.61%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BR. Royal Bank of Canada reaffirmed an “outperform” rating and set a $239.00 target price on shares of Broadridge Financial Solutions in a research note on Friday, June 28th. DA Davidson restated a “neutral” rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Finally, StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, July 20th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $206.67.

About Broadridge Financial Solutions

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.