Deluxe (NYSE:DLX) Updates FY 2024 Earnings Guidance

Deluxe (NYSE:DLX) updated its FY 2024 earnings guidance on Wednesday. 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.

Analyst Upgrades and Downgrades

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

Deluxe Stock Up 8.3 %

DLX stock traded up $1.59 during midday trading on Wednesday, hitting $20.70. The company’s stock had a trading volume of 482,845 shares, compared to its average volume of 226,649. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.97 and a quick ratio of 0.87. Deluxe has a twelve month low of $17.49 and a twelve month high of $24.87. The company’s fifty day moving average price is $19.35 and its 200 day moving average price is $20.93. The stock has a market capitalization of $915.15 million, a P/E ratio of 22.24, a PEG ratio of 0.56 and a beta of 1.46.

Insider Buying and Selling at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,820 shares of the stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $19.08 per share, for a total transaction of $53,805.60. Following the purchase, the chief executive officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.23% of the company’s stock.

About Deluxe

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.