$1.67 Billion in Sales Expected for Broadridge Financial Solutions, Inc. (NYSE:BR) This Quarter
Equities research analysts forecast that Broadridge Financial Solutions, Inc. (NYSE:BR – Get Rating) will post $1.67 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Broadridge Financial Solutions’ earnings, with estimates ranging from $1.65 billion to $1.69 billion. Broadridge Financial Solutions reported sales of $1.53 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9.2%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Broadridge Financial Solutions will report full-year sales of $5.66 billion for the current financial year, with estimates ranging from $5.63 billion to $5.68 billion. For the next financial year, analysts expect that the company will report sales of $5.95 billion, with estimates ranging from $5.85 billion to $6.12 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Broadridge Financial Solutions.
Broadridge Financial Solutions (NYSE:BR – Get Rating) last announced its earnings results on Tuesday, May 3rd. The business services provider reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.16. Broadridge Financial Solutions had a net margin of 9.99% and a return on equity of 39.83%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the firm posted $1.76 earnings per share. Broadridge Financial Solutions’s revenue was up 10.4% compared to the same quarter last year.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $163.00 price target on the stock in a report on Thursday, February 3rd. StockNews.com assumed coverage on shares of Broadridge Financial Solutions in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $177.50.