Wall Street brokerages expect BlackRock, Inc. (NYSE:BLK) to announce earnings of $6.41 per share for the current quarter, according to Zacks. Two analysts have made estimates for BlackRock’s earnings. The lowest EPS estimate is $6.19 and the highest is $6.66. BlackRock reported earnings of $5.25 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 22.1%. The firm is expected to report its next earnings report on Friday, January 12th.
On average, analysts expect that BlackRock will report full-year earnings of $27.71 per share for the current financial year, with EPS estimates ranging from $24.60 to $29.83. For the next financial year, analysts expect that the company will post earnings of $30.81 per share, with EPS estimates ranging from $29.43 to $32.95. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover BlackRock.
BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.94 by $0.30. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.33 billion. BlackRock had a return on equity of 12.01% and a net margin of 29.52%. The business’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.14 EPS.
BlackRock (NYSE:BLK) traded up $17.61 during trading hours on Friday, hitting $555.53. The company’s stock had a trading volume of 940,509 shares, compared to its average volume of 476,118. The firm has a market cap of $89,070.00, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.48 and a beta of 1.81. BlackRock has a 52-week low of $365.83 and a 52-week high of $556.37. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th will be paid a dividend of $2.88 per share. This is an increase from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 annualized dividend and a dividend yield of 2.07%. BlackRock’s payout ratio is currently 46.82%.
In other news, Director Susan Wagner sold 4,000 shares of BlackRock stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the completion of the transaction, the director now directly owns 481,915 shares in the company, valued at approximately $243,897,181.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeff A. Smith sold 100 shares of BlackRock stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $477.54, for a total value of $47,754.00. The disclosure for this sale can be found here. Insiders own 1.86% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of BLK. KCS Wealth Advisory bought a new stake in BlackRock in the 4th quarter valued at $761,000. Sheets Smith Wealth Management boosted its stake in BlackRock by 27.3% in the 4th quarter. Sheets Smith Wealth Management now owns 8,319 shares of the asset manager’s stock valued at $4,274,000 after purchasing an additional 1,784 shares during the period. Nisa Investment Advisors LLC boosted its stake in BlackRock by 2.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 40,960 shares of the asset manager’s stock valued at $21,040,000 after purchasing an additional 1,020 shares during the period. Country Club Trust Company n.a. boosted its stake in BlackRock by 13.7% in the 4th quarter. Country Club Trust Company n.a. now owns 996 shares of the asset manager’s stock valued at $512,000 after purchasing an additional 120 shares during the period. Finally, CHURCHILL MANAGEMENT Corp boosted its stake in BlackRock by 9.0% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 20,572 shares of the asset manager’s stock valued at $10,568,000 after purchasing an additional 1,691 shares during the period. Institutional investors own 83.54% of the company’s stock.
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BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.
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