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 earnings per share guidance of 3.200-3.350 for the period, compared to the consensus earnings per share 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.

Wall Street Analyst Weigh In

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

Deluxe Price Performance

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

Deluxe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th will be paid 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 dividend payout ratio is currently 96.77%.

Insider Buying and Selling

In other Deluxe news, CEO Barry C. Mccarthy bought 2,820 shares of Deluxe stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $19.08 per share, for a total transaction of $53,805.60. Following the completion of the transaction, the chief executive officer now directly owns 178,670 shares of the company’s stock, valued at approximately $3,409,023.60. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.23% of the stock is currently owned by 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.