Blackbaud (BLKB) to Release Earnings on Tuesday

Blackbaud (NASDAQ:BLKB) is scheduled to be issuing 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 that wish to register for the company’s conference call can do so using this link.

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

Blackbaud Trading Up 2.8 %

Shares of NASDAQ:BLKB opened at $78.63 on Tuesday. The business has a 50 day moving average of $72.39 and a 200-day moving average of $76.23. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.94. Blackbaud has a 12-month low of $64.32 and a 12-month high of $88.56. The stock has a market cap of $4.20 billion, a PE ratio of 2,621.00 and a beta of 1.04.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BLKB shares. Robert W. Baird decreased their price objective on shares of Blackbaud from $95.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. StockNews.com cut shares of Blackbaud from a “buy” rating to a “hold” rating in a research note on Friday.

Insider Buying and Selling at Blackbaud

In other news, CEO Michael P. Gianoni sold 25,354 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $68.77, for a total value of $1,743,594.58. Following the transaction, the chief executive officer now owns 357,104 shares in the company, valued at approximately $24,558,042.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Michael P. Gianoni sold 5,360 shares of the stock in a transaction that occurred on 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 directly owns 413,114 shares in the company, valued at approximately $30,591,091.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,743,594.58. Following the sale, the chief executive officer now directly owns 357,104 shares of the company’s stock, valued at $24,558,042.08. The disclosure for this sale can be found here. Insiders sold a total of 59,897 shares of company stock worth $4,377,015 in the last three months. 1.89% of the stock is owned by corporate 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.