Broadridge Financial Solutions (NYSE: BR) Broadridge Financial Solutions traded up 0.26% on Tuesday, hitting $23.19. Broadridge Financial Solutions has a 1-year low of $19.75 and a 1-year high of $24.94. The stock?s 50-day moving average is currently $23.39. The company has a market cap of $2.834 billion and a price-to-earnings ratio of 23.63. Broadridge Financial Solutions last released its earnings data on Tuesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The company had revenue of $495.80 million for the quarter, compared to the consensus estimate of $486.28 million. During the same quarter in 2012, the company posted $0.15 earnings per share. Broadridge Financial Solutions?s revenue was up 4.1% compared to the same quarter last year. Broadridge Financial Solutions has set its FY13 guidance at $1.76-1.86 EPS. On average, analysts predict that Broadridge Financial Solutions will post $1.80 earnings per share for the current fiscal year.
Separately, analysts at Avondale Partners downgraded shares of Broadridge Financial Solutions from an ?outperform? rating to a ?market perform? rating in a research note to investors on Tuesday, November 6th.
Two investment analysts have rated the stock with a buy rating, and four have issued a hold rating to the company?s stock. The stock has an average rating of ?overweight? and a consensus price target of $25.00.
Broadridge Financial Solutions, Inc. (Broadridge) is a global provider of technology solutions to the financial services industry. To view Zacks? full report, visit www.zacks.com
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