Blackbaud, Inc. (BLKB) Expected to Announce Earnings of $0.55 Per Share

Equities research analysts predict that Blackbaud, Inc. (NASDAQ:BLKB) will announce $0.55 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Blackbaud’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.58. Blackbaud reported earnings of $0.61 per share in the same quarter last year, which suggests a negative year over year growth rate of 9.8%. The business is expected to report its next earnings results on Tuesday, February 5th.

On average, analysts expect that Blackbaud will report full-year earnings of $2.49 per share for the current year, with EPS estimates ranging from $2.46 to $2.52. For the next fiscal year, analysts anticipate that the business will post earnings of $2.54 per share, with EPS estimates ranging from $2.25 to $2.77. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Blackbaud.

Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings results on Monday, October 29th. The technology company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $209.50 million for the quarter, compared to analysts’ expectations of $205.50 million. Blackbaud had a net margin of 7.84% and a return on equity of 25.79%. Blackbaud’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS.

A number of brokerages have issued reports on BLKB. ValuEngine cut shares of Blackbaud from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. DA Davidson lowered their target price on shares of Blackbaud from $105.00 to $82.00 and set a “hold” rating on the stock in a report on Tuesday, October 9th. BidaskClub raised shares of Blackbaud from a “hold” rating to a “buy” rating in a report on Saturday, September 15th. Benchmark cut shares of Blackbaud from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, Zacks Investment Research cut shares of Blackbaud from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $94.71.

BLKB stock traded up $1.67 during midday trading on Thursday, reaching $70.51. 181,051 shares of the company’s stock traded hands, compared to its average volume of 509,675. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.66 and a quick ratio of 0.66. Blackbaud has a 52 week low of $65.51 and a 52 week high of $120.35. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 44.35, a PEG ratio of 4.87 and a beta of 1.11.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Wednesday, November 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.68%. Blackbaud’s payout ratio is 30.19%.

In other news, Director Joyce Nelson sold 1,000 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $73.03, for a total value of $73,030.00. Following the transaction, the director now owns 15,051 shares of the company’s stock, valued at $1,099,174.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.55% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in shares of Blackbaud by 44.8% in the third quarter. Nordea Investment Management AB now owns 45,748 shares of the technology company’s stock worth $4,643,000 after purchasing an additional 14,147 shares during the period. Teachers Advisors LLC increased its holdings in shares of Blackbaud by 1.9% in the third quarter. Teachers Advisors LLC now owns 109,488 shares of the technology company’s stock worth $11,111,000 after purchasing an additional 2,059 shares during the period. MetLife Investment Advisors LLC increased its holdings in shares of Blackbaud by 18.7% in the third quarter. MetLife Investment Advisors LLC now owns 62,257 shares of the technology company’s stock worth $6,318,000 after purchasing an additional 9,827 shares during the period. Verition Fund Management LLC bought a new position in shares of Blackbaud in the third quarter worth $1,103,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Blackbaud by 12.3% in the third quarter. Pacer Advisors Inc. now owns 17,243 shares of the technology company’s stock worth $1,750,000 after purchasing an additional 1,894 shares during the period.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, corporations, education institutions, healthcare organizations, and other charitable giving entities primarily in the United States, Canada, the United Kingdom, and Australia. The company offers Raiser's Edge NXT and Blackbaud CRM (constituent relationship management), which are fundraising and relationship management solutions; Luminate CRM for campaign management, constituent relations, business intelligence, and analytics; eTapestry, a cloud fundraising and donor management solution; everydayhero, a cloud crowdfundraising solution; and JustGiving, a social platform for giving.

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Earnings History and Estimates for Blackbaud (NASDAQ:BLKB)

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