Broadridge Financial Solutions (BR) Set to Announce Quarterly Earnings on Tuesday
Broadridge Financial Solutions (NYSE:BR) is scheduled to release its earnings data before the market opens on Tuesday, February 6th.
Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.12. The firm had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $923.68 million. Broadridge Financial Solutions had a net margin of 8.22% and a return on equity of 40.17%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share. On average, analysts expect Broadridge Financial Solutions to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Broadridge Financial Solutions (NYSE:BR) opened at $94.77 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market cap of $11,050.00, a price-to-earnings ratio of 33.14, a PEG ratio of 2.51 and a beta of 1.01. Broadridge Financial Solutions has a 52 week low of $66.49 and a 52 week high of $97.54.
A number of brokerages have recently issued reports on BR. DA Davidson reissued a “hold” rating and issued a $86.00 price objective on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. Zacks Investment Research cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Barclays increased their price objective on shares of Broadridge Financial Solutions from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. ValuEngine cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Raymond James Financial reissued a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Broadridge Financial Solutions currently has a consensus rating of “Hold” and an average target price of $96.33.
Broadridge Financial Solutions Company Profile
Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.
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