Blackbaud (BLKB) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Blackbaud (BLKB) reported quarterly earnings results on Monday, Aug-1-2016. The company reported $0.46 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.50. The company posted revenue of $180.20 million in the period, compared to analysts expectations of $182.13 million. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Blackbaud. Company shares were Reiterated by Stifel on Jun 30, 2016 to “Buy”, Firm has raised the Price Target to $ 73 from a previous price target of $70 .

Blackbaud closed down -0.12 points or -0.18% at $66.85 with 3,46,347 shares getting traded on Friday. Post opening the session at $66.92, the shares hit an intraday low of $65.9 and an intraday high of $67.02 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jul 14, 2016, John J Mistretta (EVP of Human Resources) sold 2,255 shares at $70.00 per share price. According to the SEC, on Jul 12, 2016, Charles T Cumbaa (EVP Corp. & Prod. Strategy) sold 11,431 shares at $68.50 per share price. On May 27, 2016, George H Ellis (director) sold 1,300 shares at $61.44 per share price, according to the Form-4 filing with the securities and exchange commission.

Blackbaud Inc. is a global provider of software and services designed for the non-profit charitable giving and education communities. The Company operates in four segments: Enterprise Customer Business Unit (ECBU) General Markets Business Unit (GMBU) International Business Unit (IBU) and Target Analytics. The ECBU is focused on marketing sales delivery and support to large and/or strategic prospects and customers in North America. The GMBU is focused on marketing sales delivery and support to all emerging and mid-sized prospects and customers in North America. The IBU is focused on marketing sales delivery and support to all prospects and customers outside of North America. Target Analytics is focused on marketing sales and delivery of analytic services to all prospects and customers across the globe. It operates in four geographic regions: United States Canada Europe and Australia.

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