StepStone Group (STEP) to Release Earnings on Thursday

StepStone Group (NASDAQ:STEP) is expected to post its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect StepStone Group to post earnings of $0.47 per share and revenue of $210.53 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

StepStone Group (NASDAQ:STEP) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The firm had revenue of $271.68 million for the quarter, compared to analyst estimates of $215.51 million. During the same quarter in the prior year, the company earned $0.26 earnings per share. On average, analysts expect StepStone Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

StepStone Group Price Performance

Shares of NASDAQ STEP opened at $63.97 on Thursday. StepStone Group has a 1-year low of $32.33 and a 1-year high of $70.38. The business has a 50-day moving average of $61.69 and a 200-day moving average of $57.86. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 106.62 and a beta of 1.31.

StepStone Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Friday, November 29th. StepStone Group’s payout ratio is 160.00%.

Analysts Set New Price Targets

STEP has been the subject of several analyst reports. Morgan Stanley upped their target price on StepStone Group from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Evercore ISI decreased their target price on StepStone Group from $71.00 to $63.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Barclays decreased their target price on StepStone Group from $72.00 to $66.00 and set an “equal weight” rating for the company in a research report on Monday, December 9th. The Goldman Sachs Group increased their price target on StepStone Group from $64.00 to $70.50 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Finally, UBS Group raised their price objective on StepStone Group from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, StepStone Group has a consensus rating of “Hold” and an average target price of $67.79.

Insider Buying and Selling at StepStone Group

In other news, CAO Anthony Keathley sold 729 shares of StepStone Group stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $68.85, for a total value of $50,191.65. Following the completion of the transaction, the chief accounting officer now owns 2,158 shares in the company, valued at approximately $148,578.30. This trade represents a 25.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael I. Mccabe sold 4,000 shares of StepStone Group stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $64.25, for a total value of $257,000.00. Following the completion of the transaction, the insider now owns 686,516 shares of the company’s stock, valued at approximately $44,108,653. The trade was a 0.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,820 shares of company stock worth $1,908,856 in the last 90 days. 18.44% of the stock is owned by corporate insiders.

About StepStone Group

StepStone Group Inc is a private equity and venture capital firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies.