Broadridge Financial Solutions Q4 Profit Tops Estimates

Broadridge Financial Solutions, Inc. (BR) reported fourth quarter adjusted EPS of $2.65 compared to $2.19, a year ago. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $2.62, for the quarter. Analysts' estimates typically exclude special items.

Net earnings decreased 5% to $248 million. Earnings per share decreased 5% to $2.09.

Total revenues increased 12% to $1.72 billion. Recurring fee revenues increased 15% to $1.19 billion. Analysts on average had estimated $1.66 billion in revenue.

For fiscal 2023, the company expects: 6-9% recurring revenue growth and 7-11% adjusted EPS growth.

Broadridge's Board declared a quarterly dividend of $0.725 per share payable on October 5, 2022 to stockholders of record on September 15, 2022.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT