Blackstone Group (BX) to Release Quarterly Earnings on Thursday

Share on StockTwits

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.

Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Blackstone Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 3rd. Morgan Stanley dropped their price objective on shares of Blackstone Group from $42.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $42.54.

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.

COPYRIGHT VIOLATION NOTICE: “Blackstone Group (BX) to Release Quarterly Earnings on Thursday” was reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/4295644/blackstone-group-bx-to-release-quarterly-earnings-on-thursday.html.

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?

Earnings History for Blackstone Group (NYSE:BX)

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.



Latest News

NationalResearchCorp   .  Posts  Earnings Results
NationalResearchCorp . Posts Earnings Results
$24.54 Million in Sales Expected for BioDelivery Sciences International, Inc.  This Quarter
$24.54 Million in Sales Expected for BioDelivery Sciences International, Inc. This Quarter
Lenox Wealth Management Inc. Takes $43,000 Position in Ares Capital Co.
Lenox Wealth Management Inc. Takes $43,000 Position in Ares Capital Co.
VANGUARD S&P SMALL-CAP 600 GROWTH ETF  Holdings Trimmed by Pinnacle Financial Partners Inc.
VANGUARD S&P SMALL-CAP 600 GROWTH ETF Holdings Trimmed by Pinnacle Financial Partners Inc.
Zacks Investment Research Upgrades Mastercard  to Buy
Zacks Investment Research Upgrades Mastercard to Buy
Pinnacle Financial Partners Inc. Acquires 387 Shares of iShares 20+ Year Treasury Bond ETF
Pinnacle Financial Partners Inc. Acquires 387 Shares of iShares 20+ Year Treasury Bond ETF


© 2006-2019 Ticker Report