GCM Grosvenor (GCMG) Projected to Post Quarterly Earnings on Monday

GCM Grosvenor (NASDAQ:GCMG) is projected to issue its quarterly earnings data before the market opens on Monday, February 10th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $161.10 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. GCM Grosvenor had a net margin of 3.08% and a negative return on equity of 73.06%. The firm had revenue of $122.93 million during the quarter, compared to the consensus estimate of $126.39 million. During the same period in the prior year, the firm earned $0.14 EPS. On average, analysts expect GCM Grosvenor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

GCM Grosvenor Stock Performance

NASDAQ:GCMG opened at $13.56 on Friday. The firm’s 50-day moving average is $12.74 and its 200-day moving average is $11.79. GCM Grosvenor has a 52-week low of $8.05 and a 52-week high of $13.75. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -226.00 and a beta of 0.56.

Analyst Ratings Changes

Several equities analysts have commented on GCMG shares. UBS Group upped their price target on GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Piper Sandler upgraded GCM Grosvenor from a “neutral” rating to an “overweight” rating and upped their target price for the company from $12.50 to $14.00 in a research note on Monday, December 23rd. Oppenheimer lifted their price target on shares of GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, TD Cowen lowered shares of GCM Grosvenor from a “buy” rating to a “hold” rating and lowered their price target for the company from $13.50 to $12.50 in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.70.

About GCM Grosvenor

GCM Grosvenor Inc is global alternative asset management solutions provider. The firm primarily provides its services to pooled investment vehicles. It also provides its services to investment companies, high net worth individuals, pension and profit sharing plans and state or municipal government entities.