Wall Street brokerages expect BlackRock, Inc. (NYSE:BLK) to report earnings per share of $6.47 for the current quarter, according to Zacks. Three analysts have made estimates for BlackRock’s earnings. The highest EPS estimate is $6.53 and the lowest is $6.41. BlackRock posted earnings of $5.25 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.2%. The business is expected to announce its next earnings report on Wednesday, April 18th.
On average, analysts expect that BlackRock will report full year earnings of $28.50 per share for the current fiscal year, with EPS estimates ranging from $27.32 to $29.80. For the next year, analysts expect that the firm will report earnings of $31.56 per share, with EPS estimates ranging from $30.20 to $32.95. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow BlackRock.
BlackRock (NYSE:BLK) last posted its earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.94 by $0.30. BlackRock had a return on equity of 12.54% and a net margin of 39.79%. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the company earned $5.14 EPS. BlackRock’s revenue was up 20.0% on a year-over-year basis.
In related news, Director Susan Wagner sold 4,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $506.10, for a total value of $2,024,400.00. Following the transaction, the director now directly owns 481,915 shares of the company’s stock, valued at approximately $243,897,181.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeff A. Smith sold 425 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $565.96, for a total value of $240,533.00. The disclosure for this sale can be found here. Insiders sold a total of 10,175 shares of company stock worth $5,294,251 over the last ninety days. Corporate insiders own 1.86% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Invictus RG acquired a new stake in BlackRock in the 3rd quarter valued at $110,000. Assetmark Inc. increased its holdings in BlackRock by 57.1% in the 4th quarter. Assetmark Inc. now owns 278 shares of the asset manager’s stock valued at $143,000 after purchasing an additional 101 shares in the last quarter. Oakworth Capital Inc. increased its holdings in BlackRock by 67.6% in the 4th quarter. Oakworth Capital Inc. now owns 305 shares of the asset manager’s stock valued at $153,000 after purchasing an additional 123 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. increased its holdings in BlackRock by 1,119.2% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 317 shares of the asset manager’s stock valued at $141,000 after purchasing an additional 291 shares in the last quarter. Finally, Manchester Capital Management LLC acquired a new stake in BlackRock in the 3rd quarter valued at $156,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.
BlackRock (BLK) opened at $541.10 on Friday. BlackRock has a 52 week low of $368.00 and a 52 week high of $594.52. The firm has a market capitalization of $87,141.99, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 1.45 and a beta of 1.76. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.09.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Wednesday, March 7th will be given a $2.88 dividend. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, March 6th. BlackRock’s dividend payout ratio (DPR) is 33.00%.
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BlackRock Company Profile
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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