Blackstone (BX) Projected to Post Earnings on Thursday

Blackstone (NYSE:BX) is projected to post its quarterly earnings results 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 quarterly earnings data on Thursday, October 17th. The asset manager reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.37 billion. Blackstone had a net margin of 19.46% and a return on equity of 17.53%. 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

NYSE:BX opened at $175.12 on Thursday. The company has a market cap of $126.44 billion, a P/E ratio of 60.18, a P/E/G ratio of 1.63 and a beta of 1.53. Blackstone has a 52-week low of $114.88 and a 52-week high of $200.96. The stock’s 50-day simple moving average is $180.70 and its 200 day simple moving average is $157.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BX shares. Morgan Stanley increased their price target on Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Bank of America raised their target price on shares of Blackstone from $171.00 to $192.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective 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 target price on Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Keefe, Bruyette & Woods reduced their price target on Blackstone from $175.00 to $174.00 and set a “market perform” rating for the company in a research note on Monday. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Blackstone currently has a consensus rating of “Hold” and a consensus target price of $169.56.

Insider Transactions at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the completion of the sale, the insider now owns 387,137 shares in the company, valued at approximately $68,112,883.78. The trade was a 9.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Blackstone Company Profile

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.