Deluxe (NYSE:DLX) Updates FY 2024 Earnings Guidance

Deluxe (NYSE:DLX) issued an update on 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 Stock Performance

DLX traded up $0.67 on Friday, reaching $23.32. The company had a trading volume of 381,067 shares, compared to its average volume of 193,330. The stock has a 50-day moving average price of $19.46 and a 200-day moving average price of $20.97. The stock has a market capitalization 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 has a 1 year low of $17.49 and a 1 year high of $24.87. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Deluxe

In related news, CEO Barry C. Mccarthy bought 2,820 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was bought at an average cost of $19.08 per share, with a total value of $53,805.60. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.23% of the company’s stock.

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.