Broadridge stock outperforms industry and S&P 500, expects revenue and earnings growth

From Zacks Investment Research: 2025-01-21 14:16:12

Broadridge Financial Solutions Inc. (BR) stock has gained 6.6% in the past three months, outperforming the industry and the Zacks S&P 500 composite. Revenues are expected to increase 6.4% and 5.6% in fiscal 2025 and 2026, with earnings estimated to rise 10.4% and 9.5% in the respective years. Recurring revenues accounted for 64.9% of the top line in fiscal 2024. The acquisition of Itiviti has boosted Broadridge’s presence globally. The company has a consistent record of paying dividends. Broadridge’s current ratio stands at 1.39, higher than the industry average of 1.08. However, the company faces competition and customer concentration risks. Broadridge has a Zacks Rank #3 (Hold) currently. Other stocks to consider are Coherent Corp. (COHR) and AppLovin Corporation (APP), both with a Zacks Rank of 1 (Strong Buy) and strong earnings growth expectations.



Read more at Zacks Investment Research: Here’s Why You Should Retain Broadridge Stock in Your Portfolio Now – January 21, 2025