Deluxe (NYSE:DLX) Issues FY 2024 Earnings Guidance

Deluxe (NYSE:DLX) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.200-3.350 for the period, compared to the consensus EPS estimate of 3.150. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion. Deluxe also updated its FY24 guidance to $3.20-3.35 EPS.

Deluxe Price Performance

Shares of DLX stock traded up $0.67 during trading hours on Friday, hitting $23.32. The stock had a trading volume of 381,067 shares, compared to its average volume of 193,330. The stock’s 50-day moving average price is $19.46 and its two-hundred day moving average price is $20.97. Deluxe has a one year low of $17.49 and a one year high of $24.87. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 0.62 and a beta of 1.46. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.97 and a quick ratio of 0.87.

Deluxe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 19th. This represents a $1.20 annualized dividend and a yield of 5.15%. Deluxe’s dividend payout ratio (DPR) is currently 96.77%.

Analyst Ratings Changes

Separately, StockNews.com lowered Deluxe from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 6th.

Insider Buying and Selling

In other news, CEO Barry C. Mccarthy purchased 2,820 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average price of $19.08 per share, with a total value of $53,805.60. Following the transaction, the chief executive officer now owns 178,670 shares of the company’s stock, valued at $3,409,023.60. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.23% of the stock is owned by 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.