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.

Several research analysts have weighed in on BLK shares. Barclays boosted their price target on BlackRock from $475.00 to $500.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $475.00 price target (up previously from $450.00) on shares of BlackRock in a research report on Thursday, October 12th. JPMorgan Chase & Co. boosted their price target on BlackRock to $558.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Goldman Sachs Group raised BlackRock from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $440.00 to $500.00 in a research report on Thursday, September 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $501.00 price target (up previously from $476.00) on shares of BlackRock in a research report on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $510.67.

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.

COPYRIGHT VIOLATION NOTICE: “” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.com-unik.info/2018/01/13/1049650.html.

About BlackRock

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.

Get a free copy of the Zacks research report on BlackRock (BLK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for BlackRock (NYSE:BLK)

What are top analysts saying about BlackRock? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for BlackRock and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit