Blackbaud (NASDAQ:BLKB - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.160-4.350 for the period, compared to the consensus EPS estimate of 4.180. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.
Blackbaud Price Performance
Shares of Blackbaud stock traded up $0.31 on Friday, hitting $61.40. 386,244 shares of the company traded hands, compared to its average volume of 238,878. Blackbaud has a 12-month low of $58.05 and a 12-month high of $88.95. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 7.40. The company has a market cap of $2.98 billion, a P/E ratio of -10.41 and a beta of 1.04. The firm's 50-day simple moving average is $62.96 and its 200 day simple moving average is $73.56.
Blackbaud (NASDAQ:BLKB - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.06. Blackbaud had a positive return on equity of 26.30% and a negative net margin of 24.83%. The business had revenue of $270.66 million for the quarter, compared to the consensus estimate of $268.53 million. During the same quarter last year, the business posted $0.93 earnings per share. The company's revenue for the quarter was down 3.1% on a year-over-year basis. Analysts expect that Blackbaud will post 3.05 earnings per share for the current fiscal year.
Analyst Ratings Changes
BLKB has been the topic of several research reports. Stifel Nicolaus decreased their price target on shares of Blackbaud from $75.00 to $65.00 and set a "hold" rating on the stock in a research note on Thursday. Robert W. Baird decreased their target price on shares of Blackbaud from $80.00 to $76.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Blackbaud presently has an average rating of "Hold" and a consensus target price of $78.67.
Read Our Latest Stock Report on BLKB
About Blackbaud
(
Get Free Report)
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.
Featured Stories
Before you consider Blackbaud, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blackbaud wasn't on the list.
While Blackbaud currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
