Blackbaud, Inc. (BLKB) Expected to Announce Earnings of $0.51 Per Share

Equities research analysts forecast that Blackbaud, Inc. (NASDAQ:BLKB) will announce earnings of $0.51 per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Blackbaud’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.47. Blackbaud posted earnings per share of $0.66 during the same quarter last year, which would indicate a negative year-over-year growth rate of 22.7%. The company is scheduled to issue its next earnings report on Monday, April 29th.

On average, analysts expect that Blackbaud will report full-year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.49. For the next financial year, analysts forecast that the company will post earnings of $2.46 per share, with EPS estimates ranging from $2.29 to $2.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Blackbaud.

Blackbaud (NASDAQ:BLKB) last issued its earnings results on Wednesday, February 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. Blackbaud had a return on equity of 24.41% and a net margin of 5.28%. The business had revenue of $221.79 million during the quarter, compared to analysts’ expectations of $220.40 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year.

BLKB has been the topic of a number of analyst reports. Stephens initiated coverage on Blackbaud in a research report on Wednesday, January 16th. They issued an “overweight” rating and a $86.00 price target on the stock. Zacks Investment Research downgraded shares of Blackbaud from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. BidaskClub downgraded shares of Blackbaud from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. Finally, DA Davidson decreased their target price on shares of Blackbaud to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 3rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. Blackbaud has an average rating of “Hold” and an average target price of $87.38.

Shares of NASDAQ BLKB traded down $0.54 during trading on Friday, reaching $75.86. The company had a trading volume of 86,648 shares, compared to its average volume of 461,590. Blackbaud has a 12 month low of $58.23 and a 12 month high of $120.35. The firm has a market capitalization of $3.72 billion, a PE ratio of 40.57, a price-to-earnings-growth ratio of 6.96 and a beta of 1.21. The company has a current ratio of 0.74, a quick ratio of 0.66 and a debt-to-equity ratio of 1.02.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Wednesday, February 27th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, February 26th. This represents a $0.48 dividend on an annualized basis and a yield of 0.63%. Blackbaud’s dividend payout ratio is presently 25.67%.

In other Blackbaud news, CFO Anthony W. Boor sold 13,585 shares of Blackbaud stock in a transaction on Friday, February 15th. The shares were sold at an average price of $77.34, for a total value of $1,050,663.90. Following the completion of the transaction, the chief financial officer now owns 120,863 shares of the company’s stock, valued at $9,347,544.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kevin W. Mooney sold 15,728 shares of Blackbaud stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $77.59, for a total transaction of $1,220,335.52. Following the completion of the transaction, the executive vice president now directly owns 89,529 shares of the company’s stock, valued at approximately $6,946,555.11. The disclosure for this sale can be found here. Insiders have sold 36,826 shares of company stock valued at $2,852,746 over the last 90 days. 1.55% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Hawaiian Bank increased its stake in shares of Blackbaud by 75.5% during the fourth quarter. First Hawaiian Bank now owns 437 shares of the technology company’s stock worth $27,000 after purchasing an additional 188 shares in the last quarter. FMR LLC purchased a new stake in shares of Blackbaud during the third quarter worth about $129,000. Brookstone Capital Management increased its stake in shares of Blackbaud by 18.3% during the fourth quarter. Brookstone Capital Management now owns 3,217 shares of the technology company’s stock worth $202,000 after purchasing an additional 497 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Blackbaud during the third quarter worth about $203,000. Finally, NJ State Employees Deferred Compensation Plan increased its stake in shares of Blackbaud by 33.3% during the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 4,000 shares of the technology company’s stock worth $252,000 after purchasing an additional 1,000 shares in the last quarter.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, corporations, education institutions, healthcare organizations, and other charitable giving entities primarily in the United States, Canada, the United Kingdom, and Australia. The company offers Raiser's Edge NXT and Blackbaud CRM (constituent relationship management), which are fundraising and relationship management solutions; Luminate CRM for campaign management, constituent relations, business intelligence, and analytics; eTapestry, a cloud fundraising and donor management solution; everydayhero, a cloud crowdfundraising solution; and JustGiving, a social platform for giving.

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