Deluxe (NYSE:DLX) Issues FY 2024 Earnings Guidance

Deluxe (NYSE:DLX) updated its FY 2024 earnings guidance on Wednesday. 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

DLX traded up $0.67 on Friday, hitting $23.32. 381,067 shares of the company’s stock traded hands, compared to its average volume of 193,330. The company’s 50 day simple moving average is $19.46 and its 200-day simple moving average is $20.97. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 2.44. Deluxe has a one year low of $17.49 and a one year high of $24.87. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 0.62 and a beta of 1.46.

Deluxe Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 6th.

Insider Activity at Deluxe

In other news, CEO Barry C. Mccarthy purchased 2,820 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $19.08 per share, for a total transaction of $53,805.60. Following the completion of the purchase, the chief executive officer now owns 178,670 shares in the company, valued at approximately $3,409,023.60. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 4.23% of the stock is 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.