Broadridge Financial Solutions (NYSE:BR) Issues FY25 Earnings Guidance

Broadridge Financial Solutions (NYSE:BR) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $8.35-8.66 for the period, compared to the consensus estimate of $8.50.

Broadridge Financial Solutions Stock Up 0.8 %

NYSE:BR traded up $1.72 during midday trading on Thursday, reaching $221.18. The company had a trading volume of 427,599 shares, compared to its average volume of 520,649. The stock’s fifty day simple moving average is $213.86 and its 200-day simple moving average is $206.59. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.55. Broadridge Financial Solutions has a 12-month low of $175.21 and a 12-month high of $225.29. The firm has a market capitalization of $25.85 billion, a price-to-earnings ratio of 37.74 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company earned $1.09 EPS. The firm’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that Broadridge Financial Solutions will post 8.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on BR shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday. Morgan Stanley lifted their target price on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Wednesday. StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $217.83.

Insiders Place Their Bets

In other news, President Christopher John Perry sold 31,539 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total value of $6,540,242.43. Following the transaction, the president now owns 67,215 shares in the company, valued at approximately $13,938,374.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, President Christopher John Perry sold 31,539 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the sale, the president now owns 67,215 shares in the company, valued at $13,938,374.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Leslie A. Brun sold 5,739 shares of Broadridge Financial Solutions stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $210.05, for a total value of $1,205,476.95. Following the sale, the director now directly owns 77,318 shares in the company, valued at approximately $16,240,645.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,713 shares of company stock valued at $27,967,456. Insiders own 1.30% of the company’s stock.

About Broadridge Financial Solutions

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.