Deluxe (DLX) to Release Earnings on Wednesday

Deluxe (NYSE:DLX) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Deluxe has set its FY 2024 guidance at 3.100-3.400 EPS and its FY24 guidance at $3.10-$3.40 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Deluxe (NYSE:DLX) last posted its earnings results on Thursday, February 1st. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.05. Deluxe had a return on equity of 21.53% and a net margin of 1.20%. The business had revenue of $537.40 million during the quarter, compared to analyst estimates of $537.80 million. During the same quarter last year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts expect Deluxe to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Deluxe Price Performance

DLX stock opened at $20.49 on Wednesday. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.88 and a current ratio of 0.93. Deluxe has a 1 year low of $13.61 and a 1 year high of $21.97. The firm has a market cap of $898.49 million, a P/E ratio of 34.73, a price-to-earnings-growth ratio of 0.59 and a beta of 1.48. The stock has a 50-day simple moving average of $19.65 and a 200-day simple moving average of $19.34.

Deluxe Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Tuesday, February 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.86%. Deluxe’s dividend payout ratio (DPR) is currently 203.39%.

Wall Street Analysts Forecast Growth

Separately, Northcoast Research assumed coverage on Deluxe in a research note on Friday, April 19th. They issued a “buy” rating and a $27.00 target price for the company.

Insider Activity at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,666 shares of Deluxe stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $19.25 per share, with a total value of $51,320.50. Following the completion of the acquisition, the chief executive officer now owns 173,410 shares of the company’s stock, valued at approximately $3,338,142.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.23% of the stock is currently owned by company insiders.

About Deluxe

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.