Deluxe (NYSE:DLX) Releases FY 2024 Earnings Guidance

Deluxe (NYSE:DLX) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.100-3.400 for the period, compared to the consensus earnings per share estimate of 3.190. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 billion. Deluxe also updated its FY24 guidance to $3.10-$3.40 EPS.

Deluxe Stock Up 0.8 %

Shares of DLX traded up $0.16 during midday trading on Wednesday, reaching $19.92. 274,220 shares of the stock were exchanged, compared to its average volume of 209,082. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 2.49. The company’s 50 day moving average is $19.67 and its two-hundred day moving average is $19.41. The company has a market capitalization of $873.27 million, a P/E ratio of 33.75, a PEG ratio of 0.61 and a beta of 1.49. Deluxe has a 52 week low of $13.61 and a 52 week high of $21.97.

Deluxe (NYSE:DLX) last released its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.05. The firm had revenue of $537.40 million for the quarter, compared to the consensus estimate of $537.80 million. Deluxe had a net margin of 1.20% and a return on equity of 21.53%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. On average, sell-side analysts anticipate that Deluxe will post 2.78 earnings per share for the current year.

Deluxe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Tuesday, February 20th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date was Friday, February 16th. Deluxe’s dividend payout ratio (DPR) is currently 203.39%.

Analyst Upgrades and Downgrades

Separately, Northcoast Research assumed coverage on shares of Deluxe in a report on Friday, April 19th. They issued a buy rating and a $27.00 target price for the company.

Insider Buying and Selling at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,666 shares of Deluxe stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $19.25 per share, with a total value of $51,320.50. Following the completion of the transaction, the chief executive officer now owns 173,410 shares in the company, valued at approximately $3,338,142.50. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.23% of the stock is owned by insiders.

Deluxe Company Profile

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.