Broadridge Earns $2.65 per Share

For its fiscal Q4, Broadridge (BR) earned $2.65 per share. That was two cents better than estimates. For the year, earnings grew 14% to $6.46 per share. The company is raising its annual dividend by 14% to $2.90 per share.

“A strong fourth quarter capped another great year for Broadridge, with record closed sales, 16% recurring revenue growth, continued margin expansion, and 14% Adjusted EPS growth,” said Tim Gokey, Broadridge’s CEO. “Our results reflect continued execution of our long-term growth strategy, the ongoing digitization of financial services, and strong performance from our Itiviti acquisition.

For next year, Broadridge see recurring revenue growth of 6% to 9% and EPS growth of 7% to 11%. Working off a base of $6.46 per share, that implies 2023 earnings of $6.91 to $7.17 per share.

Posted by on August 12th, 2022 at 7:34 am


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