BlackRock (NYSE:BLK) is scheduled to issue its quarterly earnings data before the market opens on Thursday, January 11th. Analysts expect the company to announce earnings of $5.94 per share for the quarter.
BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, October 11th. The asset manager reported $5.92 earnings per share for the quarter, topping the consensus estimate of $5.49 by $0.43. BlackRock had a net margin of 29.52% and a return on equity of 12.01%. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the firm earned $5.14 EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, analysts expect BlackRock to post $22 EPS for the current fiscal year and $26 EPS for the next fiscal year.
Shares of BlackRock (BLK) opened at $533.94 on Wednesday. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.09. BlackRock has a 52 week low of $365.83 and a 52 week high of $540.00. The firm has a market cap of $85,610.00, a P/E ratio of 25.00, a P/E/G ratio of 1.57 and a beta of 1.81.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Monday, December 4th were issued a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 1.87%. The ex-dividend date was Friday, December 1st. BlackRock’s dividend payout ratio (DPR) is presently 46.82%.
BLK has been the subject of several analyst reports. Goldman Sachs Group upgraded shares of 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 report on Thursday, September 28th. Wells Fargo & Co reiterated a “market perform” rating and set a $475.00 price target (up previously from $450.00) on shares of BlackRock in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of BlackRock from a “hold” rating to a “buy” rating and set a $501.00 price target for the company in a report on Tuesday, October 3rd. Jefferies Group reiterated a “hold” rating and set a $440.00 price target on shares of BlackRock in a report on Tuesday, September 26th. Finally, Barclays boosted their price target on shares of BlackRock from $475.00 to $500.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $489.08.
In related news, insider Jeff A. Smith sold 100 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $477.54, for a total transaction of $47,754.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Mccombe sold 1,000 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $478.99, for a total transaction of $478,990.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,200 shares of company stock valued at $2,599,302. Company insiders own 1.86% 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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