Deluxe (NYSE:DLX) Posts Earnings Results, EPS $0.05 Missing Estimates
Deluxe (NYSE:DLX – Get Rating) released its quarterly results on Thursday. The business services provider reported earnings per share (EPS) of $1.05 for the quarter, missing analyst consensus estimates of $1.10 per ($0.05), MarketWatch Earnings reports. Deluxe had a return on equity of 33.13% and a net margin of 3.10%. The company posted revenue of $556.00 million for the quarter, compared to $532.13 million expected by analysts. During the same period of the previous year, the company achieved EPS of $1.26. The company’s quarterly revenue increased by 26.0% compared to the same quarter last year.
Shares of DLX traded down $0.10 at midday Friday, hitting $26.69. 261,984 shares of the company were traded, against an average volume of 191,663. The company’s 50-day simple moving average is $30.06 and its two-hundred-day simple moving average is $32.22 . Deluxe has a 1 year minimum of $25.75 and a 1 year maximum of $48.38. The company has a debt ratio of 2.83, a current ratio of 0.91 and a quick ratio of 0.86. The company has a market capitalization of $1.14 billion, a PE ratio of 24.26 and a beta of 1.45.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 6. Shareholders of record on Monday, May 23 will receive a dividend of $0.30 per share. The ex-dividend date is Friday, May 20. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 4.50%. Deluxe’s payout rate is 109.09%.
Several hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. acquired a new position in shares of Deluxe during Q1 worth approximately $209,000. Cubist Systematic Strategies LLC acquired a new position in shares of Deluxe during Q3 worth approximately $279,000. Squarepoint Ops LLC increased its position in Deluxe stock by 115.8% during the 4th quarter. Squarepoint Ops LLC now owns 16,672 shares of the business services provider worth $535,000 after buying 8,947 additional shares in the last quarter. Royal Bank of Canada increased its position in Deluxe shares by 18.0% during the third quarter. Royal Bank of Canada now owns 18,836 shares of the business services provider worth $675,000 after buying 2,870 more shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in Deluxe shares by 83.1% during the 4th quarter. Allianz Asset Management GmbH now owns 31,861 shares of the business services provider worth $1,023,000 after buying an additional 14,464 shares in the last quarter. Institutional investors hold 90.86% of the company’s shares.
DLX has been the subject of several analyst reports. Cowen lowered its price target on Deluxe from $50.00 to $42.00 in a Wednesday, April 27 report. StockNews.com launched coverage on Deluxe in a report on Thursday, March 31. They issued a “buy” rating on the stock. Finally, Cowen lowered its price target on Deluxe from $50.00 to $42.00 in a Wednesday, April 27 report.
Luxury Company Profile (Get a rating)
Deluxe Corporation provides technology solutions to enterprises, small businesses and financial institutions in the United States, Canada, Australia, South America and Europe. It operates through four segments: payments, cloud solutions, promotional solutions and checks. The company provides cash management solutions, including remittance and safe deposit processing, remote deposit capture, receivables management, payment processing and paperless cash management solutions, as well as payment exchange, fraud and security services; web hosting and design services, data-driven marketing solutions, and hosted solutions, such as digital engagement, logo design, financial institution profitability reports, and company incorporation services.
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