BlackRock (BLK) Scheduled to Post Quarterly Earnings on Tuesday

BlackRock (NYSE:BLK) is set to announce its earnings results before the market opens on Tuesday, October 15th. Analysts expect the company to announce earnings of $7.07 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

BlackRock (NYSE:BLK) last posted its earnings results on Friday, July 19th. The asset manager reported $6.41 EPS for the quarter, missing the Zacks’ consensus estimate of $6.52 by ($0.11). BlackRock had a net margin of 30.25% and a return on equity of 13.24%. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the business earned $6.66 earnings per share. BlackRock’s revenue was down 2.2% on a year-over-year basis. On average, analysts expect BlackRock to post $27 EPS for the current fiscal year and $31 EPS for the next fiscal year.

NYSE:BLK opened at $434.00 on Friday. BlackRock has a 52 week low of $360.79 and a 52 week high of $487.45. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $64.48 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.51 and a beta of 1.54. The stock’s 50-day moving average price is $429.09 and its 200-day moving average price is $446.64.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Thursday, September 5th were given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Wednesday, September 4th. BlackRock’s dividend payout ratio (DPR) is presently 49.02%.

A number of equities research analysts have recently commented on BLK shares. UBS Group raised their target price on BlackRock from $515.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Barclays restated a “buy” rating and set a $485.00 target price on shares of BlackRock in a research report on Wednesday. Morgan Stanley dropped their target price on BlackRock from $553.00 to $547.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. JPMorgan Chase & Co. dropped their target price on BlackRock from $527.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Finally, ValuEngine cut BlackRock from a “hold” rating to a “sell” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $500.60.

About BlackRock

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

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Earnings History for BlackRock (NYSE:BLK)

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