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 (EPS) guidance of 3.200-3.350 for the period, compared to the consensus estimate of 3.150. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion. Deluxe also updated its FY24 guidance to $3.20-3.35 EPS.

Deluxe Stock Up 3.0 %

Shares of Deluxe stock traded up $0.67 on Friday, reaching $23.32. 381,067 shares of the company were exchanged, compared to its average volume of 193,330. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 0.62 and a beta of 1.46. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 2.44. Deluxe has a one year low of $17.49 and a one year high of $24.87. The company has a 50-day moving average of $19.46 and a 200 day moving average of $20.97.

Deluxe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend is Tuesday, November 19th. Deluxe’s dividend payout ratio is currently 96.77%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Deluxe from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 6th.

Insider Activity at Deluxe

In related news, CEO Barry C. Mccarthy purchased 2,820 shares of Deluxe stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of $19.08 per share, for a total transaction of $53,805.60. Following the transaction, the chief executive officer now owns 178,670 shares of the company’s stock, valued at approximately $3,409,023.60. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.23% of the stock is currently owned by insiders.

About Deluxe

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.