Black Knight (BKI) Updates FY18 Earnings Guidance

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Black Knight (NYSE:BKI) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.82-1.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.81. The company issued revenue guidance of $1.113-1.118 billion, compared to the consensus revenue estimate of $1.12 billion.

A number of equities analysts recently commented on BKI shares. Zacks Investment Research upgraded Black Knight from a hold rating to a buy rating and set a $62.00 price target for the company in a report on Saturday, July 14th. Knight Equity reiterated a buy rating and set a $59.00 price target on shares of Black Knight in a report on Wednesday, July 11th. Wells Fargo & Co lifted their price target on Black Knight from $58.00 to $60.00 and gave the stock an outperform rating in a report on Tuesday, July 31st. Barclays lifted their price target on Black Knight from $54.00 to $56.00 and gave the stock an overweight rating in a report on Tuesday, July 31st. Finally, Compass Point reduced their price target on Black Knight from $58.00 to $55.50 and set a buy rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. Black Knight has a consensus rating of Buy and an average target price of $57.83.

BKI stock traded up $1.39 during mid-day trading on Wednesday, hitting $49.17. 592,603 shares of the company were exchanged, compared to its average volume of 748,390. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $6.90 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.79. Black Knight has a 1-year low of $43.09 and a 1-year high of $56.45.

Black Knight (NYSE:BKI) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The firm had revenue of $282.30 million during the quarter, compared to the consensus estimate of $282.42 million. Black Knight had a net margin of 22.67% and a return on equity of 13.52%. Black Knight’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, research analysts expect that Black Knight will post 1.61 EPS for the current year.

In other news, insider William P. Foley II sold 977,000 shares of Black Knight stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $51.68, for a total value of $50,491,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard N. Massey sold 6,230 shares of Black Knight stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $52.51, for a total transaction of $327,137.30. The disclosure for this sale can be found here. 14.40% of the stock is currently owned by insiders.

About Black Knight

Black Knight, Inc provides software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals primarily in the United States. It operates through two segments, Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions, including LoanSphere mortgage servicing platform, a software as a service application that automates loan servicing to the secondary mortgage market and investor reporting; and LoanSphere Bankruptcy and LoanSphere Foreclosure solutions, which are Web-based workflow information systems for managing and automating a range of workflow processes involving non-performing loans.

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Earnings History and Estimates for Black Knight (NYSE:BKI)

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