Wall Street analysts expect that Blackbaud, Inc. (NASDAQ:BLKB) will report earnings of $0.55 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Blackbaud’s earnings, with estimates ranging from $0.52 to $0.58. Blackbaud posted earnings of $0.61 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.8%. The business is expected to report its next quarterly earnings report on Tuesday, February 5th.

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

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings data on Monday, October 29th. The technology company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. Blackbaud had a net margin of 7.84% and a return on equity of 25.79%. The company had revenue of $209.50 million for the quarter, compared to the consensus estimate of $205.50 million. During the same period in the prior year, the firm posted $0.57 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year.

A number of equities research analysts have commented on the stock. TheStreet downgraded shares of Blackbaud from a “b” rating to a “c+” rating in a research report on Wednesday, October 10th. Zacks Investment Research downgraded shares of Blackbaud from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Stifel Nicolaus downgraded shares of Blackbaud from a “buy” rating to a “hold” rating and dropped their price objective for the company from $120.00 to $88.00 in a research report on Tuesday, October 9th. BidaskClub downgraded shares of Blackbaud from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Finally, Benchmark downgraded shares of Blackbaud from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Three investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. Blackbaud currently has an average rating of “Hold” and an average target price of $94.71.

Shares of NASDAQ:BLKB traded up $0.57 during trading hours on Thursday, reaching $71.55. The stock had a trading volume of 407,300 shares, compared to its average volume of 330,538. Blackbaud has a 1 year low of $65.51 and a 1 year high of $120.35. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.15. The company has a market cap of $3.38 billion, a PE ratio of 45.00, a P/E/G ratio of 4.93 and a beta of 1.11.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Wednesday, November 28th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, November 27th. 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 completion of the transaction, the director now owns 15,051 shares in the company, valued at approximately $1,099,174.53. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.55% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Smithfield Trust Co. boosted its holdings in shares of Blackbaud by 2,492.5% in the 2nd quarter. Smithfield Trust Co. now owns 1,037 shares of the technology company’s stock valued at $106,000 after buying an additional 997 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Blackbaud in the 2nd quarter valued at $129,000. FMR LLC acquired a new position in shares of Blackbaud in the 3rd quarter valued at $129,000. Global X Management Co LLC acquired a new position in shares of Blackbaud in the 2nd quarter valued at $163,000. Finally, Jane Street Group LLC acquired a new position in shares of Blackbaud in the 3rd quarter valued at $203,000.

About Blackbaud

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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