Broadridge Financial Solutions Inc
(NYSE:BR)
$
227.12
2.31 (1.03%)
Market Cap: 26.55 Bil
Enterprise Value: 29.79 Bil
PE Ratio: 39.29
PB Ratio: 12.03
GF Score: 94/100 Broadridge Financial Solutions Inc at Evercore ISI Payments & FinTech Innovators Forum Transcript
Mar 05, 2020 / 07:00PM GMT
Release Date Price:
$101.39
(-4.48%)
David Mark Togut
Evercore ISI Institutional Equities, Research Division - Senior MD
Delighted to welcome Jim Young, Chief Financial Officer of Broadridge to our Payments and Fintech Innovators Forum; and Edings Thibault, I think, is here somewhere in the crowd as well. And Elsa, who just joined the IR team. So Jim, welcome. Thanks so much for being here today.
James M. Young
Broadridge Financial Solutions, Inc. - Corporate Senior VP & CFO
Thanks for having us, David.
Questions & Answers
David Mark Togut
Evercore ISI Institutional Equities, Research Division - Senior MD
So on the December 2019 quarter earnings call, you guided to the low end of your 8% to 12% EPS growth range for FY '20. You called out a 20% to 30% expected decline in event-driven revenue and a reduction in your organic recurring revenue growth forecast to 3% to 4% from 5% to 7% previously. So really 2 questions. Number one, do you see these mostly as sort of onetime or short-term issues? And then number two, you benefit from this
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