Deluxe (NYSE:DLX) Updates FY24 Earnings Guidance

Deluxe (NYSE:DLX) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $3.20-3.35 for the period, compared to the consensus EPS estimate of $3.18. The company issued revenue guidance of $2.12-2.14 billion, compared to the consensus revenue estimate of $2.13 billion. Deluxe also updated its FY 2024 guidance to 3.200-3.350 EPS.

Wall Street Analysts Forecast Growth

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

Deluxe Trading Up 8.3 %

Shares of DLX stock traded up $1.59 during mid-day trading on Wednesday, reaching $20.70. 482,845 shares of the stock traded hands, compared to its average volume of 226,649. The company has a market cap of $915.15 million, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 0.56 and a beta of 1.46. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 2.44. The stock’s fifty day simple moving average is $19.36 and its two-hundred day simple moving average is $20.93. Deluxe has a 1-year low of $17.49 and a 1-year high of $24.87.

Insider Buying and Selling

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,820 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average cost of $19.08 per share, for a total transaction of $53,805.60. Following the transaction, the chief executive officer now owns 178,670 shares in the company, valued at $3,409,023.60. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.23% of the stock is owned by corporate insiders.

Deluxe Company Profile

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.