Analysts expect Blackbaud, Inc. (NASDAQ:BLKB) to post $0.36 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have issued estimates for Blackbaud’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.37. Blackbaud reported earnings of $0.34 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.9%. The firm is expected to report its next quarterly earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Blackbaud will report full-year earnings of $1.54 per share for the current year, with EPS estimates ranging from $1.50 to $1.56. For the next financial year, analysts expect that the company will report earnings of $1.71 per share, with EPS estimates ranging from $1.65 to $1.79. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Blackbaud.

Blackbaud (NASDAQ:BLKB) last released its earnings results on Monday, July 31st. The technology company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The business had revenue of $192.50 million during the quarter, compared to analyst estimates of $193.66 million. Blackbaud had a net margin of 6.46% and a return on equity of 30.88%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share.

BLKB has been the subject of a number of research analyst reports. Raymond James Financial, Inc. initiated coverage on Blackbaud in a report on Wednesday, April 19th. They issued an “outperform” rating and a $90.00 target price for the company. Zacks Investment Research lowered Blackbaud from a “hold” rating to a “strong sell” rating in a report on Monday. Stifel Nicolaus restated a “buy” rating and issued a $96.00 target price on shares of Blackbaud in a report on Friday, July 21st. Benchmark Co. restated a “buy” rating and issued a $90.00 target price (up previously from $85.00) on shares of Blackbaud in a report on Tuesday, May 2nd. Finally, B. Riley restated a “neutral” rating and issued a $78.00 target price on shares of Blackbaud in a report on Monday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $81.71.

In related news, EVP John J. Mistretta sold 4,016 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $83.00, for a total transaction of $333,328.00. Following the completion of the sale, the executive vice president now directly owns 87,165 shares in the company, valued at $7,234,695. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John J. Mistretta sold 596 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $82.00, for a total value of $48,872.00. Following the sale, the executive vice president now owns 86,278 shares of the company’s stock, valued at $7,074,796. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,130 shares of company stock valued at $749,929. 2.74% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Commerce Bank raised its stake in shares of Blackbaud by 6.5% in the second quarter. Commerce Bank now owns 9,167 shares of the technology company’s stock valued at $786,000 after buying an additional 561 shares in the last quarter. Allen Investment Management LLC raised its stake in shares of Blackbaud by 69.1% in the second quarter. Allen Investment Management LLC now owns 18,541 shares of the technology company’s stock valued at $1,590,000 after buying an additional 7,579 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Blackbaud by 9.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,896 shares of the technology company’s stock valued at $163,000 after buying an additional 163 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Blackbaud by 21.9% in the second quarter. Neuberger Berman Group LLC now owns 761,011 shares of the technology company’s stock valued at $65,257,000 after buying an additional 136,470 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Blackbaud by 12.0% in the second quarter. Pacer Advisors Inc. now owns 4,728 shares of the technology company’s stock valued at $405,000 after buying an additional 506 shares in the last quarter.

Blackbaud (BLKB) traded down 0.53% during trading on Tuesday, reaching $87.57. The company had a trading volume of 132,531 shares. The stock has a market cap of $4.09 billion, a PE ratio of 84.28 and a beta of 0.77. Blackbaud has a 52-week low of $55.88 and a 52-week high of $93.81. The company has a 50-day moving average price of $88.63 and a 200 day moving average price of $79.29.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. Blackbaud’s dividend payout ratio is 47.06%.

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Blackbaud Company Profile

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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Earnings History and Estimates for Blackbaud (NASDAQ:BLKB)

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