Analysts expect Broadridge Financial Solutions, Inc. (NYSE:BR) to report $1.23 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Broadridge Financial Solutions’ earnings, with the highest sales estimate coming in at $1.23 billion and the lowest estimate coming in at $1.21 billion. Broadridge Financial Solutions posted sales of $1.07 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 15%. The company is expected to report its next quarterly earnings results on Tuesday, May 14th.

On average, analysts expect that Broadridge Financial Solutions will report full year sales of $4.44 billion for the current year. For the next financial year, analysts anticipate that the company will report sales of $4.63 billion, with estimates ranging from $4.59 billion to $4.67 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Broadridge Financial Solutions.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.15). Broadridge Financial Solutions had a net margin of 10.25% and a return on equity of 43.95%. The business had revenue of $953.40 million during the quarter, compared to analyst estimates of $967.21 million. During the same quarter in the prior year, the company earned $0.79 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis.

Several equities analysts recently weighed in on BR shares. SunTrust Banks restated a “buy” rating and issued a $110.00 price objective on shares of Broadridge Financial Solutions in a report on Sunday, January 6th. Raymond James upgraded shares of Broadridge Financial Solutions from a “market perform” rating to an “outperform” rating and set a $118.00 price objective on the stock in a report on Wednesday. DA Davidson upgraded shares of Broadridge Financial Solutions from a “neutral” rating to a “buy” rating and set a $116.00 price objective on the stock in a report on Friday, February 8th. Rosenblatt Securities started coverage on shares of Broadridge Financial Solutions in a report on Wednesday, December 5th. They issued a “neutral” rating and a $110.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Broadridge Financial Solutions currently has a consensus rating of “Buy” and an average target price of $118.67.

In other Broadridge Financial Solutions news, Director Alan J. Weber sold 1,980 shares of the stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $100.36, for a total value of $198,712.80. Following the sale, the director now directly owns 51,588 shares in the company, valued at $5,177,371.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Bank increased its position in shares of Broadridge Financial Solutions by 5.9% during the third quarter. Comerica Bank now owns 55,702 shares of the business services provider’s stock worth $6,511,000 after acquiring an additional 3,116 shares in the last quarter. Virginia Retirement Systems ET AL bought a new stake in shares of Broadridge Financial Solutions during the third quarter worth $2,349,000. Commonwealth Equity Services LLC increased its position in shares of Broadridge Financial Solutions by 5.6% during the third quarter. Commonwealth Equity Services LLC now owns 19,681 shares of the business services provider’s stock worth $2,596,000 after acquiring an additional 1,045 shares in the last quarter. ING Groep NV increased its position in shares of Broadridge Financial Solutions by 486.7% during the third quarter. ING Groep NV now owns 74,082 shares of the business services provider’s stock worth $9,775,000 after acquiring an additional 61,455 shares in the last quarter. Finally, LSV Asset Management bought a new stake in shares of Broadridge Financial Solutions during the third quarter worth $1,746,000. Institutional investors own 83.18% of the company’s stock.

Shares of NYSE BR opened at $103.61 on Tuesday. Broadridge Financial Solutions has a fifty-two week low of $91.34 and a fifty-two week high of $138.24. The company has a market capitalization of $11.62 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 2.18 and a beta of 0.84. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.06.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th will be issued a $0.485 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.94 annualized dividend and a yield of 1.87%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 46.30%.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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

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