Blackbaud (BLKB) to Release Quarterly Earnings on Tuesday

Blackbaud (NASDAQ:BLKB) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $1.04 per share for the quarter. Blackbaud has set its FY24 guidance at $4.12-4.38 EPS and its FY 2024 guidance at 4.120-4.380 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Blackbaud (NASDAQ:BLKB) last issued its earnings results on Tuesday, April 30th. The technology company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $279.25 million during the quarter, compared to analysts’ expectations of $282.22 million. Blackbaud had a return on equity of 16.66% and a net margin of 1.94%. On average, analysts expect Blackbaud to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Blackbaud Stock Up 1.4 %

Shares of BLKB stock opened at $79.98 on Monday. The stock has a market cap of $4.13 billion, a P/E ratio of 195.08 and a beta of 1.01. Blackbaud has a one year low of $64.32 and a one year high of $88.56. The stock has a fifty day moving average price of $77.23 and a 200 day moving average price of $76.46. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.67 and a quick ratio of 0.67.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Blackbaud from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th.

Insider Buying and Selling at Blackbaud

In other Blackbaud news, CFO Anthony W. Boor sold 1,106 shares of Blackbaud stock in a transaction on Friday, May 24th. The stock was sold at an average price of $78.86, for a total transaction of $87,219.16. Following the completion of the transaction, the chief financial officer now directly owns 150,262 shares of the company’s stock, valued at $11,849,661.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, COO Kevin P. Gregoire sold 9,902 shares of Blackbaud stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $79.54, for a total value of $787,605.08. Following the completion of the transaction, the chief operating officer now directly owns 118,739 shares of the company’s stock, valued at $9,444,500.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Anthony W. Boor sold 1,106 shares of Blackbaud stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $78.86, for a total value of $87,219.16. Following the completion of the transaction, the chief financial officer now directly owns 150,262 shares of the company’s stock, valued at $11,849,661.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,476 shares of company stock valued at $2,547,161. 1.95% of the stock is currently owned by company insiders.

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.