The Blackstone Group L.P. (BX) to Release Earnings on Thursday
The Blackstone Group L.P. (NYSE:BX) will release its earnings data before the market opens on Thursday, October 19th. Analysts expect The Blackstone Group L.P. to post earnings of $0.69 per share for the quarter.
The Blackstone Group L.P. (NYSE:BX) last announced its quarterly earnings results on Thursday, July 20th. The asset manager reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.03). The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.49 billion. The Blackstone Group L.P. had a return on equity of 18.97% and a net margin of 22.88%. During the same quarter in the previous year, the company posted $0.44 earnings per share. On average, analysts expect The Blackstone Group L.P. to post $2.72 EPS for the current fiscal year and $3.09 EPS for the next fiscal year.
Shares of The Blackstone Group L.P. (BX) opened at 33.19 on Thursday. The stock’s 50 day moving average price is $32.57 and its 200-day moving average price is $32.11. The firm has a market capitalization of $21.54 billion, a PE ratio of 14.92 and a beta of 1.33. The Blackstone Group L.P. has a 12 month low of $23.33 and a 12 month high of $35.09.
A number of research analysts have commented on the stock. Jefferies Group LLC restated a “buy” rating and set a $38.00 price target on shares of The Blackstone Group L.P. in a research note on Wednesday, June 28th. BidaskClub cut shares of The Blackstone Group L.P. from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Oppenheimer Holdings, Inc. raised their price target on shares of The Blackstone Group L.P. from $34.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. Vetr cut shares of The Blackstone Group L.P. from a “strong-buy” rating to a “buy” rating and set a $37.57 price target for the company. in a research note on Wednesday, July 12th. Finally, Deutsche Bank AG raised their price target on shares of The Blackstone Group L.P. from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.72.
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The Blackstone Group L.P. Company Profile
The Blackstone Group L.P. is a global alternative asset manager. The Company’s alternative asset management businesses include investment vehicles focused on private equity, non-investment grade credit, secondary private equity funds of funds and multi-asset class strategies. It operates through four segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit.
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