FMP
Dec 5, 2023 3:31 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Evercore ISI analysts increased their price target for Broadridge Financial Solutions (NYSE:BR) from $226.00 to $230.00, while maintaining their Outperform rating. The analysts anticipate that at Broadridge's triennial investor day this Thursday, there is a high likelihood, about 75%, of the company presenting new three-year earnings per share (EPS) growth projections that surpass its December 2020 forecast.
They expect the total recurring revenue growth to maintain its 7-9% rate, but the EPS growth outlook might be raised to 9-13% from the previous range of 8-12%. This potential increase is attributed to enhanced free cash flow following the completion of the UBS wealth platform and the renewal of Broadridge's extensive share repurchase program.
The analysts also suggest that dividend growth tends to follow earnings growth, which is important for dividend-focused investors. For context, at the 2020 investor day, Broadridge forecasted 7-9% total recurring revenue growth, 5-7% organic recurring revenue growth, a 50 basis points annual increase in operating margin, and 8-12% adjusted EPS growth. Moreover, due to the significant impact of Trian’s proxy contest with Disney, the analysts revised their 2024 and 2025 EPS estimates upwards to $7.85 and $8.80, respectively, from the earlier estimates of $7.75 and $8.70.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...