Blackstone Group (NYSE:BX) will be issuing its quarterly earnings data before the market opens on Thursday, April 18th. Analysts expect Blackstone Group to post earnings of $0.62 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Blackstone Group (NYSE:BX) last posted its quarterly earnings data on Thursday, January 31st. The asset manager reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.05). Blackstone Group had a return on equity of 16.48% and a net margin of 22.56%. The company had revenue of $504.98 million during the quarter, compared to the consensus estimate of $381.19 million. During the same quarter last year, the firm earned $0.71 EPS. The business’s revenue for the quarter was down 74.2% on a year-over-year basis. On average, analysts expect Blackstone Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
BX stock opened at $35.54 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 1.04. Blackstone Group has a fifty-two week low of $26.88 and a fifty-two week high of $40.60. The company has a market capitalization of $23.50 billion, a P/E ratio of 15.73, a P/E/G ratio of 3.57 and a beta of 1.43.
In other Blackstone Group news, major shareholder Holdings L.P. Blackstone III bought 75,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was bought at an average price of $24.16 per share, for a total transaction of $1,812,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 567,316 shares of company stock valued at $13,583,937 in the last 90 days. 1.00% of the stock is currently owned by corporate 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.
Featured Article: What is range trading?
Receive News & Ratings for Blackstone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone Group and related companies with MarketBeat.com's FREE daily email newsletter.