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

Broadridge Financial Solutions (NYSE:BR) updated its FY25 earnings guidance on Tuesday. 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 Performance

Broadridge Financial Solutions stock traded up $1.72 during mid-day trading on Thursday, reaching $221.18. 427,599 shares of the company were exchanged, compared to its average volume of 520,649. The firm’s 50-day simple moving average is $213.86 and its two-hundred day simple moving average is $206.59. The firm has a market cap of $25.85 billion, a PE ratio of 37.74 and a beta of 1.05. Broadridge Financial Solutions has a twelve month low of $175.21 and a twelve month high of $225.29. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.08 and a current ratio of 1.08.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, President Christopher John Perry sold 31,539 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $207.37, for a total value of $6,540,242.43. Following the transaction, the president now directly owns 67,215 shares in the company, valued at $13,938,374.55. The trade was 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 at this hyperlink. In related news, 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 completion of the sale, the director now owns 77,318 shares of the company’s stock, valued at approximately $16,240,645.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $207.37, for a total value of $6,540,242.43. Following the sale, the president now owns 67,215 shares of the company’s stock, valued at approximately $13,938,374.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,713 shares of company stock valued at $27,967,456. 1.30% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Company Profile

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.