Wall Street analysts expect Blackbaud, Inc. (NASDAQ:BLKB) to announce earnings of $0.52 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Blackbaud’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.54. Blackbaud reported earnings per share of $0.45 during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.6%. The company is expected to issue its next earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Blackbaud will report full-year earnings of $2.13 per share for the current financial year, with EPS estimates ranging from $2.10 to $2.16. For the next financial year, analysts expect that the company will post earnings of $2.37 per share, with EPS estimates ranging from $2.29 to $2.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Blackbaud.

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

A number of analysts have issued reports on BLKB shares. Benchmark Co. decreased their price target on Blackbaud from $100.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $96.00 price target on shares of Blackbaud in a report on Friday, July 21st. Zacks Investment Research raised Blackbaud from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, B. Riley reaffirmed a “neutral” rating and set a $78.00 price target on shares of Blackbaud in a report on Monday, August 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Blackbaud presently has an average rating of “Hold” and a consensus target price of $81.71.

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Blackbaud (BLKB) traded up 0.43% during midday trading on Thursday, reaching $84.62. The company’s stock had a trading volume of 139,802 shares. The stock’s 50-day moving average price is $85.63 and its 200 day moving average price is $82.52. Blackbaud has a 1-year low of $55.88 and a 1-year high of $93.81. The firm has a market capitalization of $3.95 billion, a PE ratio of 81.44 and a beta of 0.82.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 28th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Thursday, August 24th. Blackbaud’s payout ratio is currently 47.06%.

In related news, Director Sarah E. Nash sold 1,105 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $84.78, for a total value of $93,681.90. Following the transaction, the director now owns 22,272 shares in the company, valued at approximately $1,888,220.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jon W. Olson sold 5,282 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $84.24, for a total value of $444,955.68. Following the completion of the transaction, the senior vice president now owns 50,756 shares in the company, valued at approximately $4,275,685.44. The disclosure for this sale can be found here. Insiders sold a total of 20,752 shares of company stock valued at $1,771,517 over the last three months. Company insiders own 2.74% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. ETF Managers Group LLC acquired a new position in Blackbaud in the 2nd quarter valued at about $125,000. Northwestern Mutual Wealth Management Co. increased its position in Blackbaud by 18.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,498 shares of the technology company’s stock valued at $115,000 after acquiring an additional 230 shares during the period. QS Investors LLC increased its position in Blackbaud by 157.1% in the 2nd quarter. QS Investors LLC now owns 1,800 shares of the technology company’s stock valued at $154,000 after acquiring an additional 1,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Blackbaud by 9.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,896 shares of the technology company’s stock valued at $163,000 after acquiring an additional 163 shares during the period. Finally, Investment Centers of America Inc. acquired a new position in Blackbaud in the 2nd quarter valued at about $203,000.

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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