Deluxe Co. (DLX) Releases Earnings Results
Deluxe Co. (NYSE:DLX) announced its earnings results on Thursday. The company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.05, Analyst Ratings Network.com reports. During the same period in the prior year, the firm posted $1.19 earnings per share. The company earned $463.50 million during the quarter, compared to the consensus estimate of $462.41 million. The company’s revenue was up 3.3% on a year-over-year basis. Deluxe updated its Q1 guidance to $1.12-$1.17 EPS and its FY16 guidance to $4.75-$4.95 EPS.
A hedge fund recently raised its stake in Deluxe stock. Russell Frank Co raised its stake in shares of Deluxe Co. (NYSE:DLX) by 37.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The hedge fund owned 111,968 shares of the company’s stock after buying an additional 30,414 shares during the period. Russell Frank Co owned approximately 0.23% of Deluxe worth $6,217,000 as of its most recent SEC filing.
Separately, Zacks Investment Research raised shares of Deluxe from a “sell” rating to a “hold” rating in a research note on Tuesday, December 15th.
Deluxe (NYSE:DLX) traded up 13.10% during midday trading on Thursday, hitting $57.68. 153,418 shares of the company were exchanged. The stock has a market capitalization of $2.84 billion and a PE ratio of 13.38. Deluxe has a one year low of $49.46 and a one year high of $69.77. The firm’s 50-day moving average price is $53.59 and its 200-day moving average price is $58.04.
Deluxe Corporation provides payment solutions. The Company’s product and service offerings consist of checks, forms and accessories and other products. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Small Business Services segment offers Web design, hosting and other Web services; search engine optimization; digital printing services, and logo design, among others. The Financial Services segment offers customer acquisition programs, financial institution profitability and risk management services, marketing communications services and fraud protection and security services, among others. It also offers forms, such as deposit tickets and check registers. The Direct Checks segment supplies checks and provides fraud protection and security services, as well as package insert programs. It offers its products under brand names, such as Checks Unlimited, Designer Checks, Deluxe and NEBS, among others.

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