Wall Street analysts expect that Blackbaud, Inc. (NASDAQ:BLKB) will announce earnings per share of $0.50 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Blackbaud’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.49. Blackbaud reported earnings of $0.59 per share during the same quarter last year, which indicates a negative year over year growth rate of 15.3%. The firm is expected to issue its next quarterly earnings results on Monday, November 4th.

On average, analysts expect that Blackbaud will report full year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $2.18 to $2.26. For the next financial year, analysts forecast that the business will report earnings of $2.41 per share, with EPS estimates ranging from $2.08 to $2.52. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Blackbaud.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.37. Blackbaud had a return on equity of 20.51% and a net margin of 3.04%. The business had revenue of $226.40 million during the quarter, compared to analysts’ expectations of $223.53 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year.

A number of analysts recently commented on the company. BidaskClub lowered Blackbaud from a “buy” rating to a “hold” rating in a research note on Tuesday, September 3rd. Bank of America reiterated an “underperform” rating and set a $80.00 target price (up from $70.00) on shares of Blackbaud in a research report on Thursday, August 1st. DA Davidson raised their price objective on Blackbaud to $89.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. ValuEngine upgraded Blackbaud from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research downgraded Blackbaud from a “strong-buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. Blackbaud has a consensus rating of “Hold” and an average price target of $91.71.

Blackbaud stock traded down $0.51 during trading hours on Monday, hitting $91.92. The stock had a trading volume of 47,843 shares, compared to its average volume of 275,388. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 49.16, a PEG ratio of 8.82 and a beta of 1.21. Blackbaud has a 1-year low of $58.23 and a 1-year high of $105.64. The stock’s fifty day moving average is $90.50 and its two-hundred day moving average is $82.35.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Wednesday, August 28th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. Blackbaud’s payout ratio is 25.67%.

In related news, Director George H. Ellis sold 2,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $88.20, for a total transaction of $176,400.00. Following the completion of the transaction, the director now owns 4,404 shares of the company’s stock, valued at approximately $388,432.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joyce Nelson sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $88.62, for a total value of $88,620.00. Following the transaction, the director now owns 12,051 shares in the company, valued at $1,067,959.62. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in BLKB. FMR LLC boosted its holdings in shares of Blackbaud by 230.0% in the 1st quarter. FMR LLC now owns 538,047 shares of the technology company’s stock worth $42,898,000 after acquiring an additional 374,999 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Blackbaud in the 2nd quarter valued at $20,230,000. First Trust Advisors LP lifted its stake in shares of Blackbaud by 3,870.3% in the 2nd quarter. First Trust Advisors LP now owns 242,983 shares of the technology company’s stock valued at $20,289,000 after purchasing an additional 236,863 shares during the period. Janus Henderson Group PLC increased its position in shares of Blackbaud by 2.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,878,906 shares of the technology company’s stock valued at $407,395,000 after buying an additional 96,323 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Blackbaud by 1.7% in the 2nd quarter. BlackRock Inc. now owns 5,704,970 shares of the technology company’s stock valued at $476,366,000 after buying an additional 95,043 shares in the last quarter.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, individual change agents, and other charitable giving entities. The company offers fundraising and relationship management solutions and services, including Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud Luminate CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, everydayhero, Blackbaud Peer-to-Peer Fundraising, and Blackbaud Guided Fundraising; and marketing and engagement solutions, such as Blackbaud Luminate Online, Blackbaud Online Express, Blackbaud NetCommunity, Blackbaud Attentive.ly, and Blackbaud School Website System.

Read More: What is meant by buying and selling pressure?

Get a free copy of the Zacks research report on Blackbaud (BLKB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Blackbaud (NASDAQ:BLKB)

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.