Blackstone (BX) to Release Earnings on Thursday

Blackstone (NYSE:BX) is anticipated to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Blackstone to post earnings of $1.50 per share and revenue of $3,814,999.26 billion for the quarter.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, October 17th. The asset manager reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.10. Blackstone had a return on equity of 17.53% and a net margin of 19.46%. The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.37 billion. On average, analysts expect Blackstone to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Blackstone Price Performance

Shares of NYSE:BX opened at $175.12 on Thursday. The stock has a fifty day moving average of $180.70 and a 200-day moving average of $157.59. The company has a market capitalization of $126.44 billion, a PE ratio of 60.18, a price-to-earnings-growth ratio of 1.63 and a beta of 1.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Blackstone has a one year low of $114.88 and a one year high of $200.96.

Insider Activity

In other news, insider John G. Finley sold 42,249 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $175.94, for a total value of $7,433,289.06. Following the transaction, the insider now owns 387,137 shares of the company’s stock, valued at approximately $68,112,883.78. This trade represents a 9.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BX has been the subject of several recent research reports. Piper Sandler boosted their price target on Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a research note on Monday, December 23rd. Morgan Stanley lifted their price objective on shares of Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Evercore ISI increased their price target on Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, TD Cowen raised shares of Blackstone from a “hold” rating to a “buy” rating and upped their price objective for the stock from $149.00 to $230.00 in a report on Monday, December 9th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $169.56.

About Blackstone

Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.