Blackbaud, Inc. (BLKB) Set to Announce Quarterly Earnings on Monday
Blackbaud, Inc. (NASDAQ:BLKB) will announce its earnings results after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Blackbaud has set its FY17 guidance at $2.06-2.18 EPS.
Blackbaud (NASDAQ:BLKB) last posted its earnings results on Monday, May 1st. The technology company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The company had revenue of $183.62 million for the quarter, compared to the consensus estimate of $182.95 million. Blackbaud had a net margin of 6.11% and a return on equity of 31.13%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $0.42 earnings per share. On average, analysts expect Blackbaud to post $1.61 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.
Blackbaud, Inc. (NASDAQ:BLKB) opened at 89.56 on Monday. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 90.56 and a beta of 0.76. Blackbaud, Inc. has a 12-month low of $55.88 and a 12-month high of $92.73. The stock’s 50 day moving average price is $87.41 and its 200 day moving average price is $77.61.
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In other news, EVP Kevin W. Mooney sold 5,094 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $79.11, for a total transaction of $402,986.34. Following the completion of the sale, the executive vice president now owns 85,976 shares of the company’s stock, valued at $6,801,561.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John J. Mistretta sold 596 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $82.00, for a total transaction of $48,872.00. Following the sale, the executive vice president now directly owns 86,278 shares of the company’s stock, valued at approximately $7,074,796. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,224 shares of company stock valued at $1,152,915. Company insiders own 2.74% of the company’s stock.
A number of research analysts have commented on BLKB shares. Benchmark Co. cut their price target on shares of Blackbaud from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, June 27th. Zacks Investment Research cut shares of Blackbaud from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Raymond James Financial, Inc. started coverage on shares of Blackbaud in a research note on Wednesday, April 19th. They set an “outperform” rating and a $90.00 price target for the company. B. Riley cut shares of Blackbaud to a “neutral” rating and set a $78.00 price target for the company. in a research note on Monday, May 8th. Finally, Stifel Nicolaus restated a “buy” rating and set a $96.00 price target on shares of Blackbaud in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $77.75.
Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).
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