Equities research analysts predict that Black Knight Financial Services, Inc. (NYSE:BKFS) will announce $0.34 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Black Knight Financial Services’ earnings. The lowest EPS estimate is $0.32 and the highest is $0.35. Black Knight Financial Services reported earnings per share of $0.28 during the same quarter last year, which indicates a positive year over year growth rate of 21.4%. The firm is scheduled to report its next quarterly earnings results on Wednesday, November 1st.
On average, analysts expect that Black Knight Financial Services will report full-year earnings of $1.31 per share for the current financial year, with EPS estimates ranging from $1.29 to $1.32. For the next financial year, analysts forecast that the business will post earnings of $1.56 per share, with EPS estimates ranging from $1.52 to $1.59. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Black Knight Financial Services.
Black Knight Financial Services (NYSE:BKFS) last posted its earnings results on Wednesday, July 19th. The technology company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The business had revenue of $263.40 million for the quarter, compared to the consensus estimate of $265.24 million. Black Knight Financial Services had a net margin of 3.96% and a return on equity of 8.29%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS.
A number of research firms have commented on BKFS. BidaskClub cut shares of Black Knight Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Black Knight Financial Services from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. Bank of America Corporation increased their price target on shares of Black Knight Financial Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. Knight Equity reissued a “hold” rating on shares of Black Knight Financial Services in a research report on Wednesday, July 19th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $47.00 price target (up previously from $43.50) on shares of Black Knight Financial Services in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.00.
In related news, COO Anthony Orefice sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the sale, the chief operating officer now directly owns 121,173 shares in the company, valued at $4,665,160.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director H. Lee Equity Fund Vi Thomas sold 750,000 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $41.90, for a total transaction of $31,425,000.00. The disclosure for this sale can be found here. Insiders have sold 870,000 shares of company stock worth $36,167,700 in the last three months. Corporate insiders own 30.91% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Columbia Wanger Asset Management LLC purchased a new stake in Black Knight Financial Services during the first quarter worth $25,557,000. Crescent Grove Advisors LLC purchased a new stake in Black Knight Financial Services during the second quarter worth $14,727,000. Victory Capital Management Inc. raised its stake in Black Knight Financial Services by 10.1% in the first quarter. Victory Capital Management Inc. now owns 3,892,207 shares of the technology company’s stock worth $149,072,000 after buying an additional 358,044 shares during the last quarter. Norges Bank purchased a new stake in Black Knight Financial Services during the fourth quarter worth $13,390,000. Finally, Renaissance Technologies LLC raised its stake in Black Knight Financial Services by 188.1% in the first quarter. Renaissance Technologies LLC now owns 284,900 shares of the technology company’s stock worth $10,912,000 after buying an additional 186,000 shares during the last quarter.
Black Knight Financial Services (NYSE:BKFS) opened at 42.20 on Thursday. The firm’s 50-day moving average is $41.00 and its 200-day moving average is $39.15. The stock has a market cap of $2.86 billion, a P/E ratio of 82.75 and a beta of 0.75. Black Knight Financial Services has a 52-week low of $34.00 and a 52-week high of $43.70.
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About Black Knight Financial Services
Black Knight Financial Services, Inc is a holding company. The Company, through its subsidiaries, provides integrated technology, workflow automation, and data and analytics to the mortgage and real estate industries. The Company’s segments include Technology, and Data and Analytics. The Company’s Technology segment offers software and hosting solutions that support loan servicing, loan origination and settlement services.
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