Broadridge Financial Solutions, Inc. Expected to Post Q4 2024 Earnings of $3.46 Per Share (NYSE:BR)

Broadridge Financial Solutions, Inc. (NYSE:BRFree Report) – Equities researchers at Zacks Research cut their Q4 2024 earnings estimates for Broadridge Financial Solutions in a report issued on Wednesday, May 29th. Zacks Research analyst R. Department now forecasts that the business services provider will earn $3.46 per share for the quarter, down from their previous estimate of $3.47. The consensus estimate for Broadridge Financial Solutions’ current full-year earnings is $7.72 per share. Zacks Research also issued estimates for Broadridge Financial Solutions’ Q1 2025 earnings at $1.16 EPS, Q2 2025 earnings at $0.97 EPS, Q3 2025 earnings at $2.48 EPS, Q4 2025 earnings at $3.57 EPS, FY2025 earnings at $8.19 EPS, Q1 2026 earnings at $1.65 EPS, Q2 2026 earnings at $1.58 EPS, Q3 2026 earnings at $2.68 EPS and FY2026 earnings at $9.20 EPS.

Broadridge Financial Solutions (NYSE:BRGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The business services provider reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.77 billion. Broadridge Financial Solutions had a net margin of 10.92% and a return on equity of 40.88%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.05 earnings per share.

BR has been the topic of a number of other research reports. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, May 12th. Royal Bank of Canada raised their price target on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Evercore ISI reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. Finally, Raymond James raised their price target on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $206.67.

View Our Latest Analysis on BR

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $195.70 on Friday. The stock has a market capitalization of $23.13 billion, a P/E ratio of 33.40 and a beta of 0.98. The firm’s fifty day simple moving average is $198.91 and its two-hundred day simple moving average is $198.33. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55. Broadridge Financial Solutions has a 12 month low of $144.54 and a 12 month high of $210.24.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, June 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 54.61%.

Insider Buying and Selling

In other news, VP Thomas P. Carey sold 2,500 shares of Broadridge Financial Solutions 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Thomas P. Carey sold 2,500 shares of the company’s 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 $1,875,944.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas Richard Deschutter sold 12,200 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the transaction, the insider now directly owns 32,480 shares of the company’s stock, valued at $6,648,980.80. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Broadridge Financial Solutions

Institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB grew its holdings in shares of Broadridge Financial Solutions by 680.1% during the fourth quarter. Nordea Investment Management AB now owns 85,325 shares of the business services provider’s stock valued at $17,584,000 after buying an additional 74,387 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at $227,750,000. Crown Oak Advisors LLC bought a new stake in Broadridge Financial Solutions in the 4th quarter valued at $7,032,000. UBS Group AG increased its holdings in Broadridge Financial Solutions by 8.2% in the 4th quarter. UBS Group AG now owns 186,444 shares of the business services provider’s stock valued at $38,361,000 after acquiring an additional 14,147 shares during the last quarter. Finally, Comerica Bank bought a new stake in Broadridge Financial Solutions in the 3rd quarter valued at $8,116,000. 90.03% of the stock is owned by institutional investors.

Broadridge Financial Solutions Company Profile

(Get Free Report)

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.

Further Reading

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

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