Blackbaud, Inc. (BLKB) Scheduled to Post Quarterly Earnings on Monday
Blackbaud, Inc. (NASDAQ:BLKB) will be announcing its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Blackbaud has set its FY17 guidance at $2.06-2.18 EPS.
Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Monday, July 31st. The technology company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $193.66 million. During the same period in the prior year, the business earned $0.46 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts expect Blackbaud to post $2.13 EPS for the current fiscal year and $2.38 EPS for the next fiscal year.
Shares of Blackbaud, Inc. (NASDAQ:BLKB) opened at 93.00 on Monday. The company’s 50-day moving average price is $86.99 and its 200-day moving average price is $84.89. The firm has a market capitalization of $4.34 billion, a PE ratio of 89.51 and a beta of 0.84. Blackbaud, Inc. has a 12-month low of $55.88 and a 12-month high of $93.81.
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In other Blackbaud news, Director George H. Ellis sold 3,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $85.40, for a total transaction of $256,200.00. Following the completion of the sale, the director now directly owns 9,011 shares in the company, valued at $769,539.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jon W. Olson sold 5,282 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $84.24, for a total value of $444,955.68. Following the sale, the senior vice president now owns 50,756 shares of the company’s stock, valued at $4,275,685.44. The disclosure for this sale can be found here. Insiders have sold 20,752 shares of company stock valued at $1,771,517 over the last 90 days. Corporate insiders own 2.19% of the company’s stock.
Several equities research analysts have weighed in on the company. B. Riley restated a “neutral” rating and set a $78.00 target price on shares of Blackbaud in a research note on Monday, August 28th. Benchmark Co. cut their target price on 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 upgraded Blackbaud from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Stifel Nicolaus restated a “buy” rating and set a $96.00 target price on shares of Blackbaud in a research note on Friday, July 21st. Finally, Robert W. Baird set a $85.00 target price on Blackbaud and gave the stock a “hold” rating in a research note on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $85.75.
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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