Broadridge Financial Sees 11%-15% Growth In FY Adj. EPS; Hikes Dividend
Broadridge Financial Solutions Inc. (BR) expects adjusted earnings per share growth to be 11%-15% and recurring revenue growth of 12% -15% for fiscal year 2022.
The company said it continues to execute on its long-term strategic goals across Governance, Capital Markets and Wealth & Investment Management, and it remains on track to deliver at the higher end of its three-year financial objectives.
The company declared a quarterly dividend of $0.64 per share payable on October 5, 2021 to stockholders of record on September 15, 2021. This declaration reflects the board’s approval of an increase in the annual dividend amount by 11% from $2.30 to $2.56 per share.
Rupee surges 19 paise to close at 74.25 against US dollar
The Rupee appreciated by 19 paise to close at 74.25 (provisional) against the US Dollar on Thursday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment.
Besides, fresh foreign capital inflows also supported the domestic unit, forex dealers said.
At the interbank forex market, the local unit opened strong at 74.26 against the American currency and witnessed an intra-day high of 74.24 and a low of 74.33 during the session.
It finally ended at 74.25 against the American currency, registering a rise of 19 paise against its previous close. On Wednesday, the Rupee had settled at 74.44 against the US Dollar.
On the domestic equity market front, the BSE Sensex rallied 318.05 points to end at a fresh lifetime high of 54,843.98, while the broader NSE Nifty advanced 82.15 to record 16,364.40.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, dipped 0.04% 92.87.
Brent crude futures, the global oil benchmark, surged 0.56% to USD 71.84 per barrel.
Foreign institutional investors emerged as net buyers in the capital market on Wednesday as they bought shares worth ₹ 238.14 crore, as per exchange data.
States Where the Most People Are Vaccinated
The rapidly spreading Delta variant is fueling a surge in new cases of COVID-19 and adding urgency to the vaccination effort. So far, an estimated 166,861,912 Americans have been fully vaccinated, or 51.0% of the population.
So far, vaccination coordination efforts have been largely left to states to manage themselves — and some have proven more effective than others. Depending on the state, the share of the population that has been fully vaccinated ranges from as low as 35.0% all the way up to 67.8%.
Due in large part to vaccine hesitancy and resistance, millions of doses are currently sitting idle under the purview of state governments, yet to be administered. As of August 10, only about 86.3% of the 408,325,100 doses of the vaccine that have been distributed to the 50 states and Washington D.C. have been administered. In one state, only 69.6% of delivered doses have gone into the arms of residents.
Meanwhile, the virus continues to spread. In total, there have been 10,899 known infections for every 100,000 people nationwide.
‘You’re A Schmuck!’: Arnold Schwarzenegger Unloads On Anti-Maskers, Anti-Vaxxers
Screen icon and former California Gov. Arnold Schwarzenegger (R) has a blunt message for people who shun masks in the name of freedom.
“Screw your freedom,” he said. “Because with freedom comes obligations and responsibilities. You cannot just say, ‘I have the right to X, Y and Z.’ When you affect other people, that is when it gets serious.”
Schwarzenegger compared mask mandates put in place to prevent the spread of the coronavirus to a traffic light.
“You cannot say, ‘No one is going to tell me that I’m gonna stop here, that I have to stop at this traffic light here, I’m gonna go right through it,’” he said. “Then you kill someone else, then it is your doing.”
Schwarzenegger called on Americans to put aside politics, listen to the scientists and stop griping about the supposed freedom to not wear a mask.
“You have the freedom to wear no mask,” he said. “But you know something? You’re a schmuck for not wearing a mask.”
See the full conversation with CNN’s Bianna Golodryga and whistleblower/retired Army Lt. Col. Alexander Vindman to promote the latter’s new book below:
China Automotive Systems Turns To Profit In Q2; Net Sales Up 45.0%
China Automotive Systems, Inc. (CAAS) recorded second-quarter sales growth of 45.0% year-over-year with sales of advanced hydraulic products rising by 43.9% in the Chinese passenger vehicle market, electric power steering product sales grew by 49.7% and sales into North America were up 179.8%. Looking forward, the company increased its revenue guidance for the full year 2021.
Second-quarter net income attributable to parent company’s shareholders was $3.2 million, compared to a net loss of $4.1 million, a year ago. Profit per share was $0.10, compared to a net loss per share of $0.13. Net sales increased to $120.6 million from $83.2 million, previous year.
For the full year 2021, the company raised revenue guidance to $495 million from $485 million.
Pre-market Movers: CNFR, XONE, XERS, OPEN, MDVL……
Pre-market Movers: CNFR, XONE, XERS, OPEN, MDVL……
The following are some of the stocks making big moves in Thursday’s pre-market trading (as of 5.26 A.M. EDT).
In the Green
Conifer Holdings, Inc. (CNFR) is up over 40% at $3.98
The ExOne Company (XONE) is up over 31% at $22.72
Xeris Pharmaceuticals, Inc. (XERS) is up over 19% at $2.81
Opendoor Technologies Inc. (OPEN) is up over 15% at $16.80
Strongbridge Biopharma plc (SBBP) is up over 14% at $2.27
Clover Health Investments, Corp. (CLOV) is up over 12% at $9.17
Hims & Hers Health, Inc. (HIMS) is up over 11% at $8.45
Sonos, Inc. (SONO) is up over 11% at $38.85
In the Red
MedAvail Holdings, Inc (MDVL) is down over 29% at $5.30
Zomedica Corp. (ZOM) is down over 14% at $0.4839
KE Holdings Inc. (BEKE) is down over 10% at $17.76
CohBar, Inc. (CWBR) is down over 9% at $1.46
Rackspace Technology, Inc. (RXT) is down over 9% at $15.05