Analysts predict that Broadridge Financial Solutions, Inc. (NYSE:BR) will post earnings of $0.58 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Broadridge Financial Solutions’ earnings. The highest EPS estimate is $0.64 and the lowest is $0.53. Broadridge Financial Solutions posted earnings per share of $0.39 during the same quarter last year, which would indicate a positive year over year growth rate of 48.7%. The company is expected to announce its next earnings results on Wednesday, February 14th.

On average, analysts expect that Broadridge Financial Solutions will report full year earnings of $3.72 per share for the current fiscal year, with EPS estimates ranging from $3.67 to $3.74. For the next financial year, analysts anticipate that the firm will post earnings of $4.04 per share, with EPS estimates ranging from $4.00 to $4.08. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Broadridge Financial Solutions.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results 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. Broadridge Financial Solutions had a net margin of 8.22% and a return on equity of 40.17%. The business had revenue of $925.00 million during the quarter, compared to analyst estimates of $923.68 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year.

A number of equities research analysts recently issued reports on BR shares. DA Davidson reissued a “hold” rating and issued a $86.00 price objective on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. BidaskClub raised shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. ValuEngine raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Barclays reissued a “hold” rating and issued a $95.00 price objective on shares of Broadridge Financial Solutions in a report on Friday, December 8th. Finally, Raymond James Financial reissued a “hold” rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. Five equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $90.50.

Broadridge Financial Solutions (BR) traded up $1.19 during trading on Friday, hitting $90.03. 770,131 shares of the stock were exchanged, compared to its average volume of 538,258. Broadridge Financial Solutions has a fifty-two week low of $65.07 and a fifty-two week high of $91.75. The stock has a market capitalization of $10,493.18, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 2.42 and a beta of 0.99. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be issued a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Thursday, December 14th. Broadridge Financial Solutions’s dividend payout ratio is currently 50.87%.

In other Broadridge Financial Solutions news, insider Robert Schifellite sold 49,181 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $89.47, for a total transaction of $4,400,224.07. Following the completion of the transaction, the insider now owns 149,181 shares of the company’s stock, valued at $13,347,224.07. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard J. Haviland sold 7,655 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total transaction of $677,544.05. Following the transaction, the director now directly owns 44,482 shares of the company’s stock, valued at approximately $3,937,101.82. The disclosure for this sale can be found here. Insiders sold 150,875 shares of company stock valued at $12,784,264 in the last three months. 2.60% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in BR. Acrospire Investment Management LLC purchased a new position in Broadridge Financial Solutions during the second quarter worth about $108,000. Toronto Dominion Bank boosted its stake in Broadridge Financial Solutions by 11.4% during the second quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock worth $110,000 after buying an additional 149 shares during the period. Global X Management Co. LLC boosted its stake in Broadridge Financial Solutions by 8.5% during the second quarter. Global X Management Co. LLC now owns 1,533 shares of the business services provider’s stock worth $116,000 after buying an additional 120 shares during the period. Advisory Services Network LLC boosted its stake in Broadridge Financial Solutions by 82.8% during the second quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock worth $118,000 after buying an additional 706 shares during the period. Finally, Commonwealth Bank of Australia boosted its stake in Broadridge Financial Solutions by 60.0% during the second quarter. Commonwealth Bank of Australia now owns 1,600 shares of the business services provider’s stock worth $120,000 after buying an additional 600 shares during the period. 83.55% of the stock is owned by institutional investors.

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

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