Blackbaud (NASDAQ:BLKB) Updates FY 2025 Earnings Guidance

Blackbaud (NASDAQ:BLKB) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 4.160-4.350 for the period, compared to the consensus earnings per share estimate of 4.670. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.2 billion.

Blackbaud Stock Down 11.2 %

Shares of BLKB opened at $70.96 on Wednesday. The company has a market cap of $3.49 billion, a PE ratio of 69.57 and a beta of 1.08. The business has a fifty day moving average of $76.88 and a 200 day moving average of $80.37. Blackbaud has a 52-week low of $66.47 and a 52-week high of $88.95. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.79.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.50). Blackbaud had a return on equity of 20.34% and a net margin of 4.61%. On average, sell-side analysts expect that Blackbaud will post 2.6 EPS for the current year.

Wall Street Analysts Forecast Growth

BLKB has been the subject of several research analyst reports. Robert W. Baird downgraded Blackbaud from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $92.00 to $80.00 in a research report on Thursday, October 31st. Baird R W downgraded Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $86.67.

Insider Activity

In other Blackbaud news, CFO Anthony W. Boor sold 10,000 shares of Blackbaud stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $84.85, for a total value of $848,500.00. Following the transaction, the chief financial officer now owns 140,262 shares in the company, valued at $11,901,230.70. The trade was a 6.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael P. Gianoni sold 800 shares of Blackbaud stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $83.15, for a total value of $66,520.00. Following the completion of the transaction, the chief executive officer now owns 373,293 shares in the company, valued at $31,039,312.95. This trade represents a 0.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,279 shares of company stock worth $1,750,404. Company insiders own 1.95% of the company’s stock.

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.