Blackbaud (BLKB) Updates FY18 Earnings Guidance

Blackbaud (NASDAQ:BLKB) updated its FY18 earnings guidance on Monday. The company provided earnings per share guidance of $2.46-2.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.49. The company issued revenue guidance of $844-854 million, compared to the consensus revenue estimate of $847.71 million.Blackbaud also updated its FY 2018 guidance to $2.46-2.52 EPS.

A number of research firms recently weighed in on BLKB. BidaskClub raised shares of Blackbaud from a hold rating to a buy rating in a research note on Tuesday, July 10th. Raymond James cut shares of Blackbaud from an outperform rating to a market perform rating in a research note on Tuesday, October 9th. TheStreet cut shares of Blackbaud from a b rating to a c+ rating in a research note on Wednesday, October 10th. ValuEngine cut shares of Blackbaud from a buy rating to a hold rating in a research note on Tuesday, October 9th. Finally, William Blair cut shares of Blackbaud from an outperform rating to a market perform rating in a research note on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. Blackbaud currently has an average rating of Hold and a consensus price target of $94.71.

Blackbaud stock traded down $0.38 during trading hours on Wednesday, hitting $72.16. 20,298 shares of the stock were exchanged, compared to its average volume of 607,840. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 45.43, a P/E/G ratio of 4.94 and a beta of 0.61. Blackbaud has a 12 month low of $65.51 and a 12 month high of $120.35.



Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Monday, October 29th. The technology company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.04. The firm had revenue of $209.50 million for the quarter, compared to analysts’ expectations of $205.50 million. Blackbaud had a net margin of 7.84% and a return on equity of 26.38%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share. As a group, equities research analysts predict that Blackbaud will post 1.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Wednesday, November 28th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.48 annualized dividend and a yield of 0.67%. Blackbaud’s dividend payout ratio is 30.19%.

In other Blackbaud news, Director Andrew M. Leitch sold 3,000 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $95.72, for a total transaction of $287,160.00. Following the sale, the director now directly owns 24,457 shares of the company’s stock, valued at $2,341,024.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director George H. Ellis sold 2,652 shares of the company’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $96.16, for a total transaction of $255,016.32. Following the sale, the director now directly owns 7,730 shares in the company, valued at $743,316.80. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.

Blackbaud Company Profile

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.

Further Reading: Asset Allocation, Balancing Your Investments

Earnings History and Estimates for Blackbaud (NASDAQ:BLKB)

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