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Stock Market & Financial Investment News

News Breaks
February 7, 2013
07:12 EDTBRBroadridge sees FY13 adjusted EPS $1.76-$1.86, consensus $1.80
Reaffirms FY13 guidance of recurring revenue growth in the range of 4%-7% and total revenue growth in the range of 3%-4%.
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September 17, 2014
08:46 EDTBRBroadridge reaffirms FY15 EPS view $2.42-$2.52, consensus $2.48
Backs FY15 recurring revenue growth in the range of 5%-7%, and total revenue growth in the range of 4%-6%, consensus $2.69B. Reaffirms FY15 free cash flow outlook in the range of approximately $320M-$370M. Says aims to grow portfolio by capitalizing on three disruptive market macro trends, which include digitization of investor communications, cost/capability mutualization and intelligence created from unique data. Says the company plans to do so with a combination of organic growth, partnerships and acquisitions. Says targeting to pay out 45% of NON-GAAP net earnings in dividends, but expects no less than $1.08 per share annually, subject to board approval. Says aims to use excess cash "opportunistically" to offset dilution and reduce share count through buybacks. aims to invest in projects delivering at least 20% IRR. Comments taken from the company's investor slide presentation.

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