Broadridge Earnings 82 Cents per Share

This morning, Broadridge Financial Solutions (BR) reported fiscal Q1 earnings of 82 cents per share. That met expectations and it’s a 12% increase over last year. Recurring fee revenues grew by 19% to $798 million.

But the best news is that Broadridge reiterated its full-year earnings growth range of 11% to 15%. That works out to a full-year earnings range of $6.28 to $6.51 per share.

The company lowered its target operating margin from 19% to 18.5%, but it said that its recurring fee revenue should come in at the high end of its range of 12% to 15%. That’s not bad.

The CEO said that it’s “well positioned to deliver on the higher end of our three-year growth objectives.”

Posted by on February 1st, 2022 at 9:58 am


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