Broadridge Financial Solutions Stock Analysis – It Continues to Meet My Expectations

Summary

  • As a long-term Broadridge investor I am pleased with its FY2017 results and optimistic it will meet its FY2018 projections. Both were released August 10, 2017.
  • Broadridge continues to make bolt-on acquisitions to enhance its product/service offering with the Spence Johnson acquisition being the most recent.
  • The repurchase of Issued and Outstanding shares and Dividend increase trends continue.
  • BR’s shares are very rarely inexpensive but are currently reasonably valued if you use consensus adjusted EPS estimated for FY2018.

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Broadridge Financial Stock Analysis – Solid Steady Growth Continues

Summary

  • This Broadridge Financial stock analysis is based on Q3 2017 and 9 month YTD results and forecast for the remainder of the current fiscal year.
  • Broadridge Financial continues to grow its business and the NACC acquisition made in mid 2016 is already making significant contributions.
  • Adjusted net earnings increased 11% to $0.174B of the current FY compared to $0.156B for the prior year period (9 months).
  • Diluted EPS increased 2% to $1.15 compared to $1.13 for the prior year period (9 months).
  • Adjusted EPS increased 12% to $1.43 from $1.28 for the prior year period (9 months).
  • Trends in Capital Markets, Wealth Management, Asset Management, and Corporate Issuers present significant long-term growth opportunities for BR.

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Broadridge Financial Stock Analysis – Disciplined Growth

Summary

  • This Broadridge Financial (NYSE: BR) stock anlysis is based on Q2 2017 and first half of FY 2017 results released February 8, 2017.
  • Broadridge handles proxy voting services for over 90% of public companies and mutual funds in N.A. and processes more than $5T in fixed income and equity trades daily.
  • In the first 6 months of FY 2017 revenue has increased 45% from the same period in FY 2016.
  • Integration of the NACC business it acquired in mid 2016 is proceeding smoothly.
  • Strong total revenue growth, recurring fee revenue growth, and FCF projected for remainder of the year.
  • Don’t overlook BR because of its low dividend yield.

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