Broadridge Financial Solutions (BR) Stock Declines on Weak Earnings

NEW YORK (TheStreet) -- Broadridge Financial Solutions (BR) shares are falling 4.6% to $51.61 in afternoon trading on Friday after the Lake Success, NY-based investor communications and technology-driven solutions provider missed analysts' first-quarter earnings estimates.

The company reported a first quarter profit of $54 million, or 47 cents per share on an adjusted basis, missing analysts' earnings expectations of 52 cents per share by five cents. Revenues during the period rose 4.6% to $634.2 million, also missing analysts' $645.82 million consensus.

For the full year, the company forecast earnings between $2.42 and $2.52 per share with revenue expected to increase between 4% and 6% over the year-ago period. Analysts are expecting the company to earn $2.52 this year.

Separately, TheStreet Ratings team rates BROADRIDGE FINANCIAL SOLUTNS as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate BROADRIDGE FINANCIAL SOLUTNS (BR) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

You can view the full analysis from the report here: BR Ratings Report

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