BlackRock (BLK) Posts Quarterly Earnings, Beats Expectations By $0.04 EPS
BlackRock (NYSE:BLK) posted its quarterly earnings results on Wednesday. The company reported $3.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.84 by $0.04, Stock Ratings News reports. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.47 billion.
BlackRock (NYSE:BLK) opened at 282.27 on Wednesday. BlackRock has a 52-week low of $185.20 and a 52-week high of $298.14. The stock has a 50-day moving average of $269.5 and a 200-day moving average of $270.0. The company has a market cap of $48.066 billion and a P/E ratio of 18.33.
BLK has been the subject of a number of recent research reports. Analysts at Susquehanna reiterated a “neutral” rating on shares of BlackRock in a research note to investors on Wednesday, October 9th. They now have a $279.00 price target on the stock, up previously from $270.00. On a related note, analysts at ISI Group initiated coverage on shares of BlackRock in a research note to investors on Tuesday, October 8th. They set a “buy” rating on the stock. Finally, analysts at UBS AG downgraded shares of BlackRock from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $280.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $280.69.
BlackRock, Inc (NYSE:BLK) is an investment management firm.
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