StepStone Group (STEP) Set to Announce Quarterly Earnings on Thursday

StepStone Group (NASDAQ:STEP) will announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

StepStone Group (NASDAQ:STEP) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13. The firm had revenue of $186.40 million for the quarter, compared to analyst estimates of $181.15 million. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 EPS. 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 Stock Performance

STEP stock opened at $61.31 on Thursday. StepStone Group has a one year low of $25.06 and a one year high of $62.99. The firm has a market cap of $6.78 billion, a PE ratio of 80.67 and a beta of 1.28. The firm’s 50 day moving average price is $57.00 and its 200-day moving average price is $48.22.

StepStone Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.24 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 1.57%. This is an increase from StepStone Group’s previous quarterly dividend of $0.21. StepStone Group’s payout ratio is currently 126.32%.

Analyst Upgrades and Downgrades

STEP has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on StepStone Group from $52.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. UBS Group lifted their price target on shares of StepStone Group from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Barclays upped their price objective on shares of StepStone Group from $51.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Evercore ISI lifted their target price on shares of StepStone Group from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Oppenheimer boosted their target price on StepStone Group from $56.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $54.69.

StepStone Group Company Profile

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.