$6.41 Earnings Per Share Expected for BlackRock, Inc. (BLK) This Quarter
Analysts predict that BlackRock, Inc. (NYSE:BLK) will post earnings per share of $6.41 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for BlackRock’s earnings, with the highest EPS estimate coming in at $6.56 and the lowest estimate coming in at $6.19. BlackRock reported earnings of $5.25 per share during the same quarter last year, which would suggest a positive year over year growth rate of 22.1%. The firm is scheduled to issue its next earnings results on Wednesday, April 18th.
On average, analysts expect that BlackRock will report full-year earnings of $27.83 per share for the current fiscal year, with EPS estimates ranging from $24.60 to $29.97. For the next fiscal year, analysts anticipate that the firm will post earnings of $30.92 per share, with EPS estimates ranging from $29.43 to $32.95. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover BlackRock.
BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.94 by $0.30. BlackRock had a net margin of 39.79% and a return on equity of 12.54%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the firm posted $5.14 earnings per share. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year.
Shares of BlackRock (NYSE BLK) traded up $7.47 during midday trading on Friday, reaching $563.00. 1,361,900 shares of the company were exchanged, compared to its average volume of 484,680. BlackRock has a 12-month low of $365.83 and a 12-month high of $571.82. The stock has a market capitalization of $90,270.00, a P/E ratio of 18.58, a PEG ratio of 1.51 and a beta of 1.81. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Wednesday, March 7th will be given a dividend of $2.88 per share. This is a boost from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 dividend on an annualized basis and a yield of 2.05%. BlackRock’s dividend payout ratio is currently 33.00%.
In other news, insider Jeff A. Smith sold 100 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $477.54, for a total value of $47,754.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Wagner sold 4,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the completion of the sale, the director now owns 481,915 shares of the company’s stock, valued at $243,897,181.50. The disclosure for this sale can be found here. Insiders have sold 4,525 shares of company stock valued at $2,312,687 over the last 90 days. 1.86% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Aperio Group LLC raised its position in shares of BlackRock by 8.6% in the third quarter. Aperio Group LLC now owns 68,737 shares of the asset manager’s stock valued at $30,732,000 after buying an additional 5,451 shares during the last quarter. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of BlackRock in the third quarter valued at about $222,000. WFG Advisors LP raised its position in shares of BlackRock by 66.6% in the second quarter. WFG Advisors LP now owns 1,096 shares of the asset manager’s stock valued at $463,000 after buying an additional 438 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of BlackRock by 9.7% in the third quarter. New York State Common Retirement Fund now owns 357,800 shares of the asset manager’s stock valued at $159,969,000 after buying an additional 31,600 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of BlackRock by 4.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 418,198 shares of the asset manager’s stock valued at $186,973,000 after buying an additional 17,491 shares during the last quarter. Institutional investors and hedge funds own 83.55% of the company’s stock.
BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.
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