Wall Street brokerages expect BlackRock, Inc. (NYSE:BLK) to announce earnings per share (EPS) of $5.52 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for BlackRock’s earnings, with estimates ranging from $5.30 to $5.71. BlackRock reported earnings of $5.14 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.4%. The business is expected to report its next earnings results on Tuesday, October 17th.

According to Zacks, analysts expect that BlackRock will report full year earnings of $21.91 per share for the current fiscal year, with EPS estimates ranging from $21.52 to $22.20. For the next financial year, analysts forecast that the firm will post earnings of $24.90 per share, with EPS estimates ranging from $24.20 to $25.77. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover BlackRock.

BlackRock (NYSE:BLK) last issued its earnings results on Monday, July 17th. The asset manager reported $5.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.39 by $0.15. BlackRock had a return on equity of 11.74% and a net margin of 29.92%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the company posted $4.78 EPS. BlackRock’s revenue was up 5.7% compared to the same quarter last year.

BLK has been the topic of a number of research analyst reports. Jefferies Group LLC reissued a “hold” rating and issued a $387.00 price target on shares of BlackRock in a research note on Wednesday, May 17th. Bank of America Corporation reissued a “buy” rating and issued a $450.00 price target on shares of BlackRock in a research note on Monday, June 19th. Zacks Investment Research raised shares of BlackRock from a “hold” rating to a “buy” rating and set a $480.00 price target on the stock in a research note on Tuesday, June 20th. BidaskClub raised shares of BlackRock from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Finally, Deutsche Bank AG lifted their price target on shares of BlackRock from $447.00 to $449.00 and gave the company a “buy” rating in a research note on Tuesday, July 4th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $443.00.

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Shares of BlackRock (BLK) traded up 0.50% during trading on Thursday, hitting $414.25. 483,306 shares of the company were exchanged. The firm has a market capitalization of $67.19 billion, a PE ratio of 19.88 and a beta of 1.71. BlackRock has a 12 month low of $336.84 and a 12 month high of $442.84. The firm’s 50-day moving average price is $423.20 and its 200 day moving average price is $404.65.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 5th will be given a dividend of $2.50 per share. The ex-dividend date is Thursday, August 31st. This represents a $10.00 annualized dividend and a dividend yield of 2.41%. BlackRock’s payout ratio is 47.98%.

In other news, insider Jeff A. Smith sold 522 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $421.52, for a total transaction of $220,033.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert W. Fairbairn sold 3,675 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $415.31, for a total transaction of $1,526,264.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,447 shares of company stock worth $1,855,015. Corporate insiders own 1.86% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of BLK. BlackRock Inc. raised its holdings in BlackRock by 2,775.4% in the 1st quarter. BlackRock Inc. now owns 6,541,505 shares of the asset manager’s stock valued at $2,508,733,000 after buying an additional 6,314,004 shares during the period. Third Point LLC purchased a new stake in BlackRock in the 2nd quarter valued at about $654,736,000. Harbour Capital Advisors LLC raised its holdings in BlackRock by 38,807.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,203,024 shares of the asset manager’s stock valued at $2,848,000 after buying an additional 1,199,932 shares during the period. Capital World Investors raised its holdings in BlackRock by 12.9% in the 2nd quarter. Capital World Investors now owns 7,105,319 shares of the asset manager’s stock valued at $3,001,358,000 after buying an additional 810,667 shares during the period. Finally, Vanguard Group Inc. raised its holdings in BlackRock by 8.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,450,778 shares of the asset manager’s stock valued at $3,569,693,000 after buying an additional 656,569 shares during the period. Hedge funds and other institutional investors own 82.77% of the company’s stock.

About BlackRock

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

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Earnings History and Estimates for BlackRock (NYSE:BLK)

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