Deluxe Corp. Q4 Profit Rises - Quick Acts

(RTTNews) - Deluxe Corp. (DLX) reported that net income for the fourth quarter increased to $58.0 million or $1.16 per share from $45.7 million or $0.90 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $1.19 per share, compared to $1.04 per share in the year-ago quarter.

Total revenue for the quarter grew 7.3 percent to $448.5 million from $417.8 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.09 per share and revenues of $438.16 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead for the first quarter, the company expects earnings in a range of $0.87 to $0.92 per share and adjusted earnings in the range of $0.99 to $1.04 per share, on anticipated revenues between $426 million and $434 million. Analysts expect the company to report earnings of $1.05 per share on revenues of $430.66 million for the quarter.

For fiscal 2015, the company currently forecasts earnings in a range of $4.23 to $4.43 per share and adjusted earnings in the range of $4.35 to $4.55 per share, on projected revenues between $1.74 billion and $1.78 billion. Street is currently is looking for full-year 2015 earnings of $4.39 per share on annual revenues of $1.76 billion.

On Tuesday, the company's Board of Directors declared a regular quarterly dividend of $0.30 per common share, payable on March 2 to all shareholders of record at the close of business on February 17, 2015.