$204.15 Million in Sales Expected for Blackbaud, Inc. (BLKB) This Quarter
Wall Street brokerages predict that Blackbaud, Inc. (NASDAQ:BLKB) will announce $204.15 million in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Blackbaud’s earnings. The highest sales estimate is $205.20 million and the lowest is $203.26 million. Blackbaud reported sales of $183.62 million during the same quarter last year, which indicates a positive year over year growth rate of 11.2%. The company is expected to issue its next quarterly earnings results on Monday, May 7th.
On average, analysts expect that Blackbaud will report full-year sales of $204.15 million for the current financial year, with estimates ranging from $877.00 million to $882.00 million. For the next financial year, analysts expect that the business will report sales of $961.89 million per share, with estimates ranging from $949.00 million to $980.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Blackbaud.
Blackbaud (NASDAQ:BLKB) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. The business had revenue of $216.98 million during the quarter, compared to analysts’ expectations of $217.29 million. Blackbaud had a net margin of 8.36% and a return on equity of 29.21%.
In related news, Director George H. Ellis sold 600 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $101.73, for a total value of $61,038.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Anthony W. Boor sold 10,954 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $94.42, for a total transaction of $1,034,276.68. Following the completion of the sale, the chief financial officer now owns 125,224 shares of the company’s stock, valued at $11,823,650.08. The disclosure for this sale can be found here. Insiders sold a total of 94,612 shares of company stock valued at $9,344,203 in the last 90 days. 2.19% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Contravisory Investment Management Inc. acquired a new stake in Blackbaud in the 4th quarter valued at about $157,000. First Republic Investment Management Inc. acquired a new stake in Blackbaud in the 4th quarter valued at about $204,000. Zeke Capital Advisors LLC acquired a new stake in Blackbaud in the 4th quarter valued at about $213,000. Two Sigma Advisers LP acquired a new stake in Blackbaud in the 4th quarter valued at about $217,000. Finally, Shelton Capital Management acquired a new stake in Blackbaud in the 3rd quarter valued at about $235,000.
Blackbaud (BLKB) opened at $107.54 on Wednesday. The stock has a market capitalization of $5,268.39, a PE ratio of 66.01, a price-to-earnings-growth ratio of 5.54 and a beta of 0.66. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.81 and a current ratio of 0.81. Blackbaud has a 1-year low of $74.46 and a 1-year high of $116.07.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Tuesday, February 27th. Blackbaud’s payout ratio is 35.04%.
ILLEGAL ACTIVITY NOTICE: This report was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2018/03/14/204-15-million-in-sales-expected-for-blackbaud-inc-blkb-this-quarter.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Blackbaud Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackbaud and related companies with MarketBeat.com's FREE daily email newsletter.