$0.38 Earnings Per Share Expected for Blackbaud, Inc. (BLKB) This Quarter

Equities research analysts forecast that Blackbaud, Inc. (NASDAQ:BLKB) will announce earnings of $0.38 per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Blackbaud’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.36. Blackbaud posted earnings per share of $0.35 during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.6%. The company is scheduled to issue its next earnings report on Monday, August 7th.

On average, analysts expect that Blackbaud will report full-year earnings of $1.61 per share for the current financial year, with EPS estimates ranging from $1.56 to $1.65. For the next financial year, analysts forecast that the company will post earnings of $1.83 per share, with EPS estimates ranging from $1.70 to $1.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Blackbaud.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings data on Monday, May 1st. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Blackbaud had a return on equity of 31.13% and a net margin of 6.11%. The firm had revenue of $183.62 million for the quarter, compared to analyst estimates of $182.95 million. During the same quarter in the previous year, the business posted $0.42 earnings per share. Blackbaud’s revenue for the quarter was up 7.4% on a year-over-year basis.

BLKB has been the subject of several analyst reports. Benchmark Co. reissued a “buy” rating and issued a $90.00 target price (up previously from $85.00) on shares of Blackbaud in a research note on Tuesday, May 2nd. Zacks Investment Research downgraded shares of Blackbaud from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Raymond James Financial, Inc. assumed coverage on shares of Blackbaud in a research note on Wednesday, April 19th. They issued an “outperform” rating and a $90.00 target price for the company. Stifel Nicolaus upped their price objective on shares of Blackbaud from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Finally, Robert W. Baird downgraded shares of Blackbaud from an “outperform” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research note on Tuesday, February 28th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $75.44.

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Blackbaud (NASDAQ BLKB) traded up 2.16% during midday trading on Friday, reaching $89.50. 333,954 shares of the company traded hands. The firm has a market capitalization of $4.16 billion, a PE ratio of 90.50 and a beta of 0.73. Blackbaud has a 12 month low of $55.88 and a 12 month high of $89.83. The company’s 50-day moving average price is $82.99 and its 200 day moving average price is $74.23.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Friday, May 26th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Wednesday, May 24th. Blackbaud’s dividend payout ratio is currently 50.00%.

In other news, Director Sarah E. Nash sold 825 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $78.67, for a total transaction of $64,902.75. Following the completion of the transaction, the director now owns 20,652 shares of the company’s stock, valued at approximately $1,624,692.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kevin W. Mooney sold 5,094 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $79.11, for a total transaction of $402,986.34. Following the transaction, the executive vice president now directly owns 85,976 shares of the company’s stock, valued at approximately $6,801,561.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,724 shares of company stock valued at $1,347,915. Corporate insiders own 2.74% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its stake in Blackbaud by 18.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,498 shares of the technology company’s stock worth $115,000 after buying an additional 230 shares during the period. Fortaleza Asset Management Inc. acquired a new stake in Blackbaud during the fourth quarter worth about $129,000. Foundry Partners LLC acquired a new stake in Blackbaud during the first quarter worth about $201,000. Pacad Investment Ltd. acquired a new stake in Blackbaud during the fourth quarter worth about $173,000. Finally, Cypress Wealth Advisors LLC acquired a new stake in Blackbaud during the first quarter worth about $208,000.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BLKB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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