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.

Wall Street Analysts Forecast Growth

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

Deluxe Trading Up 3.0 %

DLX traded up $0.67 during mid-day trading on Friday, hitting $23.32. The stock had a trading volume of 381,067 shares, compared to its average volume of 193,330. The stock’s fifty day simple moving average is $19.46 and its 200-day simple moving average is $20.97. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 0.62 and a beta of 1.46. Deluxe has a 1-year low of $17.49 and a 1-year high of $24.87. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.97 and a quick ratio of 0.87.

Deluxe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th will be given 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%.

Insider Activity at Deluxe

In related news, CEO Barry C. Mccarthy bought 2,820 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $19.08 per share, for a total transaction of $53,805.60. Following the acquisition, 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 filing with the SEC, which can be accessed through this link. 4.23% of the stock is owned by insiders.

Deluxe Company Profile

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.