BlackRock (NYSE:BLK) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, October 16th. Analysts expect BlackRock to post earnings of $6.98 per share for the quarter.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Monday, July 16th. The asset manager reported $6.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $6.55 by $0.11. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.58 billion. BlackRock had a return on equity of 13.20% and a net margin of 38.97%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.24 earnings per share. On average, analysts expect BlackRock to post $28 EPS for the current fiscal year and $30 EPS for the next fiscal year.

Shares of NYSE:BLK opened at $427.70 on Friday. The stock has a market cap of $75.22 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 1.46 and a beta of 1.55. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 0.88. BlackRock has a 12 month low of $415.35 and a 12 month high of $594.52.

The company also recently declared a quarterly dividend, which was paid on Monday, September 24th. Shareholders of record on Friday, September 7th were paid a dividend of $3.13 per share. The ex-dividend date of this dividend was Thursday, September 6th. This is a positive change from BlackRock’s previous quarterly dividend of $2.88. This represents a $12.52 annualized dividend and a yield of 2.93%. BlackRock’s dividend payout ratio is currently 55.40%.

In related news, Director William E. Ford bought 1,000 shares of the stock in a transaction dated Thursday, August 2nd. The stock was acquired at an average price of $467.92 per share, for a total transaction of $467,920.00. Following the completion of the purchase, the director now owns 5,400 shares in the company, valued at $2,526,768. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Laurence Fink sold 19,800 shares of the stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $507.67, for a total value of $10,051,866.00. Following the completion of the sale, the chairman now owns 1,098,328 shares of the company’s stock, valued at approximately $557,588,175.76. The disclosure for this sale can be found here. 1.75% of the stock is currently owned by company insiders.

Several equities research analysts have commented on the company. Citigroup upgraded BlackRock from a “neutral” rating to a “buy” rating in a research note on Monday, June 18th. Keefe, Bruyette & Woods upgraded BlackRock from a “market perform” rating to an “outperform” rating and set a $590.00 price target for the company in a research note on Friday, July 13th. Barclays dropped their price target on BlackRock from $615.00 to $595.00 and set an “overweight” rating for the company in a research note on Tuesday, July 17th. Goldman Sachs Group dropped their price target on BlackRock to $570.00 and set a “buy” rating for the company in a research note on Tuesday, July 17th. Finally, Morgan Stanley dropped their price target on BlackRock from $624.00 to $607.00 and set an “overweight” rating for the company in a research note on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $590.62.

About BlackRock

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

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Earnings History for BlackRock (NYSE:BLK)

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