Blackstone Group (BX) to Release Earnings on Thursday

Blackstone Group (NYSE:BX) is scheduled to be releasing its earnings data before the market opens on Thursday, July 18th. Analysts expect Blackstone Group to post earnings of $0.60 per share for the quarter.

Blackstone Group (NYSE:BX) last announced its quarterly earnings results on Thursday, April 18th. The asset manager reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). Blackstone Group had a net margin of 23.35% and a return on equity of 12.79%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. Blackstone Group’s quarterly revenue was up 14.5% compared to the same quarter last year. 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 $45.83 on Wednesday. Blackstone Group has a 1 year low of $26.88 and a 1 year high of $47.93. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. The company’s 50-day moving average is $43.79. The stock has a market capitalization of $30.12 billion, a PE ratio of 20.28, a P/E/G ratio of 1.03 and a beta of 1.47.

Several brokerages recently issued reports on BX. Zacks Investment Research upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. ValuEngine raised shares of Alleghany from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. JMP Securities initiated coverage on shares of Fiverr International in a research note on Monday, July 8th. They set an “outperform” rating and a $33.00 price objective on the stock. Finally, Morgan Stanley dropped their price objective on shares of Virtus Investment Partners from $121.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.04.

In other news, Director Bennett J. Goodman sold 115,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $39.58, for a total value of $4,551,700.00. Following the transaction, the director now owns 250,000 shares in the company, valued at $9,895,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Holdings L.P. Blackstone III bought 150,100 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was purchased at an average price of $24.47 per share, for a total transaction of $3,672,947.00. The disclosure for this purchase can be found here. Insiders have purchased 684,152 shares of company stock worth $16,550,984 in the last three months. 1.00% of the stock is currently owned by insiders.

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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Earnings History for Blackstone Group (NYSE:BX)

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