BlackRock, Inc. (NYSE:BLK) publicly owned investment manager, is expected to report second quarter earnings results, before market open, on Friday 17th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 6.97 per share.
Looking ahead, the full year income are expected at $ 28.21 per share on the revenues of $ 14642.80 million.
Previous Quarter Performance
BlackRock, Inc. announced income for the first quarter of $ 6.60 per share, from the revenue of $ 3.71 million. The quarterly earnings down 0.15 percent while revenues declined 99.89 percent compared with the same quarter last year.
Street analysts expected BlackRock, Inc. to report income of $ 6.39 per share on revenue of $ 3584.60 million for the first quarter. The bottom line results beat street analysts by $ 0.21 or 3.29 percent, at the same time, top line results fell short of analysts by $ 3 million or 99.9 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of BLK was $ 566.96, representing a 75.00 % increase from the 52 week low of $ 323.98 and a 1.71 % decrease over the 52 week high of $ 576.81.
The company has a market capital of $ 85.97 billion and is part of the Financial Services sector and Asset Management industry.
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Recent Analyst recommendations
On 10th July 2020, maintained by Bank of America at Buy rating, with $ 633.00 target price.
On 9th July 2020, maintained by Deutsche Bank at Hold rating, with $ 563.00 target price.
Recent Stock Dividend Announcement
On July 15, 2020, the board of directors authorized quarterly dividend of $ 3.63 per share to holders of record as of the close of business on September 4, 2020, with payment date of September 22, 2020 and ex-dividend date on September 3, 2020.
The board of directors has authorized quarterly dividend of $ 3.63 per share on May 21, 2020. The dividend were payable on June 23, 2020 to holders of record as of the close of business on June 5, 2020 and ex-dividend date on June 4, 2020.
Conference Call
BlackRock, Inc. will be hosting a conference call at 8:30 AM eastern time on 17th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.blackrock.com
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.
