Analysts Anticipate Broadridge Financial Solutions, Inc. (NYSE:BR) to Announce $1.86 Earnings Per Share


Equities research analysts expect that Broadridge Financial Solutions, Inc. (NYSE:BRGet Rating) will report earnings of $1.86 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Broadridge Financial Solutions’ earnings, with estimates ranging from $1.73 to $2.15. Broadridge Financial Solutions posted earnings of $1.76 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 5.7%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Broadridge Financial Solutions will report full year earnings of $6.35 per share for the current financial year, with EPS estimates ranging from $6.05 to $6.47. For the next fiscal year, analysts anticipate that the business will post earnings of $6.98 per share, with EPS estimates ranging from $6.89 to $7.15. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Broadridge Financial Solutions.

Broadridge Financial Solutions (NYSE:BRGet Rating) last posted its quarterly earnings data on Tuesday, February 1st. The business services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. Broadridge Financial Solutions had a net margin of 10.05% and a return on equity of 39.99%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm posted $0.73 earnings per share. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year.

Several research analysts have recently commented on BR shares. Zacks Investment Research raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $163.00 price objective for the company in a research note on Thursday, February 3rd. StockNews.com began coverage on shares of Broadridge Financial Solutions in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $177.50.

Shares of NYSE BR traded down $1.96 during midday trading on Friday, hitting $153.52. The company’s stock had a trading volume of 327,412 shares, compared to its average volume of 446,381. The business’s fifty day simple moving average is $150.08 and its two-hundred day simple moving average is $164.07. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.16 and a quick ratio of 1.16. Broadridge Financial Solutions has a 1 year low of $137.58 and a 1 year high of $185.40. The firm has a market capitalization of $17.93 billion, a price-to-earnings ratio of 33.59 and a beta of 0.96.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 5th. Investors of record on Tuesday, March 15th were paid a $0.64 dividend. The ex-dividend date of this dividend was Monday, March 14th. This represents a $2.56 dividend on an annualized basis and a yield of 1.67%. Broadridge Financial Solutions’s dividend payout ratio is currently 56.02%.

Several large investors have recently modified their holdings of the company. IFM Investors Pty Ltd lifted its position in shares of Broadridge Financial Solutions by 17.1% during the 1st quarter. IFM Investors Pty Ltd now owns 17,735 shares of the business services provider’s stock worth $2,762,000 after buying an additional 2,588 shares during the last quarter. Websterrogers Financial Advisors LLC increased its holdings in shares of Broadridge Financial Solutions by 3.2% in the 1st quarter. Websterrogers Financial Advisors LLC now owns 3,312 shares of the business services provider’s stock valued at $518,000 after acquiring an additional 102 shares during the period. First Command Bank acquired a new position in shares of Broadridge Financial Solutions in the 1st quarter valued at $30,000. Addenda Capital Inc. acquired a new position in shares of Broadridge Financial Solutions in the 1st quarter valued at $6,276,000. Finally, Gateway Investment Advisers LLC acquired a new position in shares of Broadridge Financial Solutions in the 1st quarter valued at $2,596,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

About Broadridge Financial Solutions (Get Rating)

Broadridge Financial Solutions, Inc engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions.

Further Reading

Get a free copy of the Zacks research report on Broadridge Financial Solutions (BR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Broadridge Financial Solutions (NYSE:BR)



Receive News & Ratings for Broadridge Financial Solutions Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Broadridge Financial Solutions and related companies with MarketBeat.com’s FREE daily email newsletter.

Minnie Arwood

Next Post

Stocks week ahead: The biggest risk to the global economy no one is talking about

Mon Apr 18 , 2022
Analysts are ringing warning bells, but say buyers aren’t adequately examining how major the international economic fallout could possibly be from these extended isolation orders. “World marketplaces may perhaps nevertheless underestimate the impression, for the reason that much awareness remains targeted on the Russian-Ukraine conflict and US Federal Reserve charge […]
Stocks week ahead: The biggest risk to the global economy no one is talking about

You May Like