Blackstone Group (BX) to Release Quarterly Earnings on Thursday
Blackstone Group (NYSE:BX) is set to issue its quarterly earnings data before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Blackstone Group (NYSE:BX) last issued its quarterly earnings results on Thursday, January 31st. The asset manager reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.05). The business had revenue of $504.98 million during the quarter, compared to analyst estimates of $381.19 million. Blackstone Group had a net margin of 22.56% and a return on equity of 16.48%. The company’s revenue for the quarter was down 74.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. On average, analysts expect Blackstone Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NYSE:BX opened at $35.54 on Tuesday. The stock has a market capitalization of $23.50 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 3.57 and a beta of 1.43. Blackstone Group has a 52-week low of $26.88 and a 52-week high of $40.60. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.04 and a current ratio of 1.04.
BX has been the topic of several research analyst reports. Zacks Investment Research raised Blackstone Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Morgan Stanley lowered their price target on Blackstone Group from $42.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $42.54.
Blackstone Group Company Profile
The Blackstone Group L.P. is a publicly owned alternative asset manager. The firm also provides capital markets services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations, retirees, sovereign wealth funds, and institutional and individual investors.
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