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

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

Wall Street Analyst Weigh In

BR has been the topic of several analyst reports. StockNews.com raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday. Royal Bank of Canada boosted their price objective on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a "neutral" rating in a report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.33.

Broadridge Financial Solutions Stock Up 4.1 %

NYSE:BR traded up $8.66 during trading hours on Tuesday, reaching $218.30. 651,490 shares of the company traded hands, compared to its average volume of 519,965. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.55. The business's 50-day moving average price is $213.54 and its two-hundred day moving average price is $206.32. Broadridge Financial Solutions has a 1 year low of $175.21 and a 1 year high of $224.32. The stock has a market capitalization of $25.52 billion, a P/E ratio of 35.77 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.01. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.96 billion. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.21 EPS. Analysts predict that Broadridge Financial Solutions will post 8.51 earnings per share for the current year.

Insider Activity

In other Broadridge Financial Solutions news, President Christopher John Perry sold 17,534 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $213.41, for a total value of $3,741,930.94. Following the transaction, the president now directly owns 50,237 shares of the company's stock, valued at approximately $10,721,078.17. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Laura Matlin sold 673 shares of the firm's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $216.00, for a total value of $145,368.00. Following the transaction, the vice president now directly owns 5,530 shares of the company's stock, valued at approximately $1,194,480. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Christopher John Perry sold 17,534 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total value of $3,741,930.94. Following the sale, the president now directly owns 50,237 shares of the company's stock, valued at $10,721,078.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,386 shares of company stock valued at $28,112,824 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

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.