$0.26 Earnings Per Share Expected for Blackbaud, Inc. (NASDAQ:BLKB) This Quarter

Wall Street brokerages expect Blackbaud, Inc. (NASDAQ:BLKB) to report $0.26 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Blackbaud’s earnings, with estimates ranging from $0.25 to $0.27. Blackbaud reported earnings per share of $0.41 during the same quarter last year, which would indicate a negative year over year growth rate of 36.6%. The company is scheduled to report its next quarterly earnings report on Monday, November 4th.

According to Zacks, analysts expect that Blackbaud will report full year earnings of $1.27 per share for the current financial year, with EPS estimates ranging from $1.25 to $1.31. For the next year, analysts anticipate that the business will report earnings of $1.41 per share, with EPS estimates ranging from $1.31 to $1.49. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Blackbaud.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Tuesday, July 30th. The technology company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.37. Blackbaud had a return on equity of 20.51% and a net margin of 3.04%. The firm had revenue of $226.40 million for the quarter, compared to the consensus estimate of $223.53 million. During the same quarter in the prior year, the business earned $0.69 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis.

A number of research analysts have weighed in on the company. DA Davidson upped their target price on Blackbaud to $89.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. BidaskClub downgraded Blackbaud from a “buy” rating to a “hold” rating in a report on Tuesday, September 3rd. Bank of America reiterated an “underperform” rating and set a $80.00 target price (up previously from $70.00) on shares of Blackbaud in a report on Thursday, August 1st. Zacks Investment Research downgraded Blackbaud from a “strong-buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a report on Wednesday, August 7th. Finally, ValuEngine upgraded Blackbaud from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $91.71.

Shares of BLKB stock traded up $0.56 during midday trading on Monday, reaching $93.10. 7,936 shares of the stock were exchanged, compared to its average volume of 205,524. Blackbaud has a 1 year low of $58.23 and a 1 year high of $105.64. The company’s 50 day moving average is $90.63 and its two-hundred day moving average is $82.43. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The firm has a market cap of $4.57 billion, a PE ratio of 49.80, a price-to-earnings-growth ratio of 9.14 and a beta of 1.21.

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.52%. Blackbaud’s dividend payout ratio is currently 25.67%.

In other news, Director Joyce Nelson sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $88.62, for a total value of $88,620.00. Following the sale, the director now directly owns 12,051 shares of the company’s stock, valued at approximately $1,067,959.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director George H. Ellis sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $88.20, for a total value of $176,400.00. Following the completion of the sale, the director now directly owns 4,404 shares in the company, valued at $388,432.80. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of BLKB. Parkside Financial Bank & Trust bought a new position in Blackbaud in the 2nd quarter valued at approximately $25,000. Advisory Services Network LLC lifted its position in Blackbaud by 70.6% in the 2nd quarter. Advisory Services Network LLC now owns 377 shares of the technology company’s stock valued at $32,000 after acquiring an additional 156 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in Blackbaud in the 2nd quarter valued at approximately $77,000. Tower Research Capital LLC TRC lifted its position in Blackbaud by 1,097.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,473 shares of the technology company’s stock valued at $123,000 after acquiring an additional 1,350 shares in the last quarter. Finally, Private Capital Group LLC lifted its position in Blackbaud by 13.3% in the 2nd quarter. Private Capital Group LLC now owns 1,250 shares of the technology company’s stock valued at $128,000 after acquiring an additional 147 shares in the last quarter.

About Blackbaud

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, individual change agents, and other charitable giving entities. The company offers fundraising and relationship management solutions and services, including Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud Luminate CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, everydayhero, Blackbaud Peer-to-Peer Fundraising, and Blackbaud Guided Fundraising; and marketing and engagement solutions, such as Blackbaud Luminate Online, Blackbaud Online Express, Blackbaud NetCommunity, Blackbaud Attentive.ly, and Blackbaud School Website System.

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Earnings History and Estimates for Blackbaud (NASDAQ:BLKB)

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