Deluxe (NYSE:DLX) Posts Earnings Results, Beats Estimates By $0.17 EPS
Deluxe Corporation (NYSE: DLX) reported earnings of $1.09 per share for the quarter, exceeding analysts' expectations of $0.92 by $0.17. The company achieved a revenue of $540.20 million, surpassing the forecast of $526.50 million. Deluxe also updated its FY 2025 guidance to an EPS range of 3.450-3.60. The stock rose 0.4% to $18.30, with analysts maintaining a "Moderate Buy" rating and an average target price of $23.00. Institutional investors hold 93.90% of the company's shares.
Deluxe (NYSE:DLX - Get Free Report) posted its earnings results on Wednesday. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17, FiscalAI reports. Deluxe had a net margin of 2.75% and a return on equity of 21.12%. The business had revenue of $540.20 million for the quarter, compared to analyst estimates of $526.50 million. Deluxe updated its FY 2025 guidance to 3.450-3.60 EPS.
Deluxe Stock Up 0.4%
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NYSE DLX traded up $0.07 during mid-day trading on Wednesday, reaching $18.30. 396,009 shares of the company's stock traded hands, compared to its average volume of 356,714. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 2.24. Deluxe has a 1-year low of $13.61 and a 1-year high of $24.45. The company has a fifty day simple moving average of $19.04 and a 200-day simple moving average of $17.17. The company has a market cap of $821.53 million, a price-to-earnings ratio of 14.19, a P/E/G ratio of 0.50 and a beta of 1.47.
Analysts Set New Price Targets
A number of research analysts have commented on DLX shares. Wall Street Zen cut Deluxe from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Cowen reissued a "buy" rating on shares of Deluxe in a research report on Thursday, August 7th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Deluxe in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Deluxe has an average rating of "Moderate Buy" and an average target price of $23.00.
Get Our Latest Stock Report on DLX
Institutional Trading of Deluxe
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio acquired a new stake in Deluxe in the first quarter valued at $30,000. Raymond James Financial Inc. acquired a new stake in shares of Deluxe in the 2nd quarter valued at about $31,000. Tower Research Capital LLC TRC lifted its position in shares of Deluxe by 476.6% during the second quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the business services provider's stock worth $130,000 after purchasing an additional 6,735 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in Deluxe in the second quarter worth about $168,000. Finally, CW Advisors LLC bought a new stake in Deluxe in the second quarter valued at about $201,000. Institutional investors own 93.90% of the company's stock.
About Deluxe
(Get Free Report)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.
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