Blackbaud (NASDAQ:BLKB) Issues FY 2025 Earnings Guidance

Blackbaud (NASDAQ:BLKB - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.160-4.350 for the period, compared to the consensus EPS 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 Up 3.1 %

Blackbaud stock traded up $2.02 during trading hours on Friday, hitting $68.24. The company had a trading volume of 320,736 shares, compared to its average volume of 182,657. The firm has a market capitalization of $3.36 billion, a P/E ratio of -11.57 and a beta of 1.08. The company has a debt-to-equity ratio of 7.40, a current ratio of 0.78 and a quick ratio of 0.68. The firm's fifty day moving average is $76.14 and its 200-day moving average is $80.15. Blackbaud has a fifty-two week low of $66.07 and a fifty-two week high of $88.95.

Blackbaud (NASDAQ:BLKB - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.50). The company had revenue of $302.23 million during the quarter, compared to analyst estimates of $303.41 million. Blackbaud had a negative net margin of 24.83% and a positive return on equity of 26.30%. On average, research analysts forecast that Blackbaud will post 3.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BLKB shares. Baird R W lowered shares of Blackbaud from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Robert W. Baird dropped their price objective on shares of Blackbaud from $80.00 to $76.00 and set a "neutral" rating on the stock in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $85.33.

Insiders Place Their Bets

In other Blackbaud news, CEO Michael P. Gianoni sold 9,479 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $88.13, for a total value of $835,384.27. Following the completion of the sale, the chief executive officer now directly owns 344,079 shares of the company's stock, valued at $30,323,682.27. The trade was a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.95% of the company's stock.

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.