Broadridge Financial Solutions, Inc. (NYSE:BR) Expected to Earn FY2017 Earnings of $3.20 Per Share

Broadridge Financial Solutions, Inc. (NYSE:BR) – Stock analysts at DA Davidson issued their FY2017 earnings per share estimates for Broadridge Financial Solutions in a research note issued to investors on Monday. DA Davidson analyst P. Heckmann expects that the business services provider will earn $3.20 per share for the year. DA Davidson currently has a “Neutral” rating and a $74.00 target price on the stock. DA Davidson also issued estimates for Broadridge Financial Solutions’ Q4 2017 earnings at $1.76 EPS, Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.76 EPS, Q4 2018 earnings at $1.81 EPS and FY2018 earnings at $3.56 EPS.

Separately, BidaskClub cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Broadridge Financial Solutions has an average rating of “Hold” and an average price target of $74.75.

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Shares of Broadridge Financial Solutions (NYSE:BR) opened at 74.65 on Thursday. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 29.24 and a beta of 0.99. The firm’s 50-day moving average is $75.52 and its 200 day moving average is $71.42. Broadridge Financial Solutions has a 52-week low of $59.86 and a 52-week high of $78.00.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, August 10th. The business services provider reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.70 by $0.01. Broadridge Financial Solutions had a net margin of 8.21% and a return on equity of 34.74%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The firm’s revenue for the quarter was up 38.1% on a year-over-year basis.

In other Broadridge Financial Solutions news, insider Robert Schifellite sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $72.83, for a total value of $364,150.00. Following the completion of the sale, the insider now owns 79,167 shares in the company, valued at $5,765,732.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Laura Matlin sold 630 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $71.89, for a total value of $45,290.70. Following the completion of the sale, the vice president now owns 5,271 shares of the company’s stock, valued at approximately $378,932.19. The disclosure for this sale can be found here. In the last ninety days, insiders sold 323,032 shares of company stock valued at $24,016,648. 3.50% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in BR. Global X Management Co. LLC increased its position in shares of Broadridge Financial Solutions by 8.5% in the second quarter. Global X Management Co. LLC now owns 1,533 shares of the business services provider’s stock worth $116,000 after buying an additional 120 shares in the last quarter. Commonwealth Bank of Australia increased its position in Broadridge Financial Solutions by 60.0% in the second quarter. Commonwealth Bank of Australia now owns 1,600 shares of the business services provider’s stock worth $120,000 after buying an additional 600 shares during the period. Van ECK Associates Corp boosted its stake in Broadridge Financial Solutions by 8.0% in the first quarter. Van ECK Associates Corp now owns 1,814 shares of the business services provider’s stock worth $123,000 after buying an additional 135 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Broadridge Financial Solutions by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,176 shares of the business services provider’s stock worth $202,000 after buying an additional 174 shares in the last quarter. Finally, Airain ltd bought a new stake in Broadridge Financial Solutions during the second quarter worth approximately $204,000. Institutional investors own 85.19% of the company’s stock.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

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

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