Blackbaud (BLKB) Scheduled to Post Earnings on Tuesday

Blackbaud (NASDAQ:BLKB) is set to issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Blackbaud has set its FY 2024 guidance at 4.120-4.380 EPS.Parties interested in participating in the company’s conference call can do so using this link.

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

Blackbaud Trading Down 0.4 %

Shares of BLKB stock opened at $77.95 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.78 and a current ratio of 0.78. Blackbaud has a 52-week low of $64.32 and a 52-week high of $88.56. The company has a market capitalization of $4.03 billion, a PE ratio of 2,598.33 and a beta of 1.04. The business’s fifty day moving average is $73.00 and its 200 day moving average is $76.43.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BLKB. StockNews.com upgraded Blackbaud from a “hold” rating to a “buy” rating in a research report on Saturday. Robert W. Baird lowered their price objective on Blackbaud from $95.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th.

Insider Buying and Selling at Blackbaud

In other Blackbaud news, CEO Michael P. Gianoni sold 5,360 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $74.05, for a total transaction of $396,908.00. Following the sale, the chief executive officer now owns 413,114 shares in the company, valued at $30,591,091.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Blackbaud news, CEO Michael P. Gianoni sold 5,360 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $74.05, for a total transaction of $396,908.00. Following the sale, the chief executive officer now owns 413,114 shares in the company, valued at $30,591,091.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Kevin P. Gregoire sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $74.00, for a total value of $222,000.00. Following the sale, the chief operating officer now owns 133,641 shares in the company, valued at approximately $9,889,434. The disclosure for this sale can be found here. Insiders have sold 59,897 shares of company stock worth $4,377,015 over the last 90 days. Corporate insiders own 1.89% of the company’s stock.

About Blackbaud

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.