Broadridge Financial Solutions, Inc. (NYSE:BR) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $3.60-3.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.58. The company issued revenue guidance of $4.23-4.27 billion, compared to the consensus revenue estimate of $4.33 billion.

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) opened at 74.65 on Thursday. The firm has a 50-day moving average of $75.52 and a 200-day moving average of $71.42. The stock has a market cap of $8.78 billion, a P/E ratio of 29.24 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 52-week low of $59.86 and a 52-week high of $78.00.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, August 10th. The business services provider reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.01. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Broadridge Financial Solutions had a net margin of 8.21% and a return on equity of 34.74%. The business’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 earnings per share. On average, equities analysts expect that Broadridge Financial Solutions, Inc. will post $3.12 EPS for the current fiscal year.

A number of brokerages have recently commented on BR. BidaskClub raised shares of Broadridge Financial Solutions from a buy rating to a strong-buy rating in a research report on Wednesday, June 28th. DA Davidson began coverage on shares of Broadridge Financial Solutions in a research report on Monday. They issued a neutral rating and a $74.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Broadridge Financial Solutions presently has a consensus rating of Hold and an average target price of $74.75.

In other news, insider Robert Schifellite sold 76,666 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $75.98, for a total value of $5,825,082.68. Following the sale, the insider now owns 105,042 shares of the company’s stock, valued at $7,981,091.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Laura Matlin sold 630 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $71.89, for a total transaction of $45,290.70. Following the completion of the sale, the vice president now directly owns 5,271 shares in the company, valued at approximately $378,932.19. The disclosure for this sale can be found here. In the last three months, insiders sold 323,032 shares of company stock worth $24,016,648. 3.50% of the stock is currently owned by insiders.

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About Broadridge Financial Solutions

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.

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

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