Wall Street analysts expect Blackbaud, Inc. (NASDAQ:BLKB) to announce $198.05 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Blackbaud’s earnings, with the lowest sales estimate coming in at $195.60 million and the highest estimate coming in at $202.00 million. Blackbaud posted sales of $183.06 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.2%. The firm is expected to issue its next earnings results on Tuesday, November 7th.

On average, analysts expect that Blackbaud will report full-year sales of $198.05 million for the current financial year, with estimates ranging from $784.65 million to $794.00 million. For the next year, analysts forecast that the business will report sales of $854.25 million per share, with estimates ranging from $843.20 million to $864.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Blackbaud.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Monday, July 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.12). The business had revenue of $192.50 million for 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 firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share.

A number of analysts recently issued reports on the company. B. Riley reissued a “neutral” rating and set a $78.00 price objective on shares of Blackbaud in a research report on Monday, August 28th. Zacks Investment Research cut Blackbaud from a “hold” rating to a “strong sell” rating in a report on Monday, August 7th. Stifel Nicolaus restated a “buy” rating and set a $96.00 target price on shares of Blackbaud in a report on Friday, July 21st. Finally, Benchmark Co. lowered their target price on Blackbaud from $100.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Blackbaud presently has a consensus rating of “Hold” and an average price target of $81.71.

In related news, EVP Kevin W. Mooney sold 5,027 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $83.52, for a total transaction of $419,855.04. Following the completion of the transaction, the executive vice president now directly owns 78,611 shares in the company, valued at approximately $6,565,590.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kevin W. Mooney sold 2,338 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $88.00, for a total value of $205,744.00. Following the transaction, the executive vice president now owns 83,638 shares of the company’s stock, valued at $7,360,144. The disclosure for this sale can be found here. Insiders have sold a total of 20,752 shares of company stock valued at $1,771,517 over the last 90 days. 2.74% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 buying an additional 230 shares during the period. ETF Managers Group LLC purchased a new position in shares of Blackbaud in the 2nd quarter valued at about $125,000. QS Investors LLC boosted its stake in shares of 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 buying an additional 1,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 buying an additional 163 shares during the period. Finally, Investment Centers of America Inc. purchased a new position in shares of Blackbaud in the 2nd quarter valued at about $203,000.

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Blackbaud (NASDAQ:BLKB) opened at 83.62 on Friday. The stock’s 50 day moving average is $85.38 and its 200-day moving average is $82.59. The firm has a market capitalization of $3.90 billion, a PE ratio of 80.48 and a beta of 0.82. Blackbaud has a one year low of $55.88 and a one year high of $93.81.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Monday, August 28th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Thursday, August 24th. Blackbaud’s dividend payout ratio (DPR) is 47.06%.

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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