Blackbaud (BLKB) Set to Announce Earnings on Tuesday

Blackbaud (NASDAQ:BLKB) is scheduled to be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Blackbaud to post earnings of $0.85 per share for the quarter. Blackbaud has set its FY 2024 guidance at 4.120-4.380 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. The firm had revenue of $295.01 million for the quarter, compared to analyst estimates of $299.04 million. Blackbaud had a return on equity of 14.59% and a net margin of 0.16%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. On average, analysts expect Blackbaud to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Blackbaud Stock Down 0.4 %

Shares of BLKB opened at $77.95 on Monday. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 2,598.33 and a beta of 1.04. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.78 and a current ratio of 0.78. The business’s fifty day moving average price is $73.00 and its two-hundred day moving average price is $76.47. Blackbaud has a 52 week low of $64.32 and a 52 week high of $88.56.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. StockNews.com raised Blackbaud from a “hold” rating to a “buy” rating in a research note on Saturday. Robert W. Baird cut their price target on Blackbaud from $95.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th.

Insider Activity

In other news, CFO Anthony W. Boor sold 6,900 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $79.01, for a total value of $545,169.00. Following the transaction, the chief financial officer now owns 151,368 shares of the company’s stock, valued at approximately $11,959,585.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Michael P. Gianoni sold 25,354 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $68.77, for a total transaction of $1,743,594.58. Following the sale, the chief executive officer now owns 357,104 shares of the company’s stock, valued at approximately $24,558,042.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Anthony W. Boor sold 6,900 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $79.01, for a total value of $545,169.00. Following the sale, the chief financial officer now directly owns 151,368 shares in the company, valued at approximately $11,959,585.68. The disclosure for this sale can be found here. Insiders have sold a total of 59,897 shares of company stock valued at $4,377,015 in the last 90 days. 1.89% of the stock is owned by company insiders.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.