Wall Street analysts expect The Blackstone Group Inc. (NYSE:BX) to post earnings per share of $0.91 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for The Blackstone Group’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $1.04. The Blackstone Group posted earnings of $0.72 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 26.4%. The company is scheduled to announce its next earnings report on Thursday, February 4th.

According to Zacks, analysts expect that The Blackstone Group will report full year earnings of $2.43 per share for the current year, with EPS estimates ranging from $2.34 to $2.56. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.00 per share, with EPS estimates ranging from $2.46 to $3.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for The Blackstone Group.

The Blackstone Group (NYSE:BX) last announced its quarterly earnings data on Wednesday, October 28th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $1.42 billion. The company’s revenue for the quarter was up 74.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 earnings per share.

BX has been the subject of several recent research reports. Zacks Investment Research upgraded The Blackstone Group from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Tuesday. Oppenheimer upgraded The Blackstone Group from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research report on Thursday, October 29th. Piper Sandler began coverage on The Blackstone Group in a research report on Thursday. They set an “overweight” rating and a $71.00 price target for the company. Morgan Stanley dropped their price objective on The Blackstone Group from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Finally, BMO Capital Markets raised their price objective on The Blackstone Group from $50.00 to $51.00 and gave the company a “market perform” rating in a report on Thursday, October 29th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The Blackstone Group has a consensus rating of “Buy” and an average target price of $61.96.

BX stock traded down $0.08 during trading on Monday, hitting $63.89. 16,191 shares of the company traded hands, compared to its average volume of 2,728,378. The stock’s 50-day simple moving average is $63.20 and its 200 day simple moving average is $56.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $43.06 billion, a PE ratio of 59.79 and a beta of 1.33. The Blackstone Group has a 1 year low of $33.00 and a 1 year high of $65.75.

In related news, major shareholder Holdings L.P. Blackstone III bought 42,425 shares of the business’s stock in a transaction on Monday, January 4th. The stock was acquired at an average cost of $34.93 per share, with a total value of $1,481,905.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Blackstone Bdc Holdings Llc purchased 2,000 shares of The Blackstone Group stock in a transaction dated Wednesday, October 21st. The shares were bought at an average price of $25.00 per share, for a total transaction of $50,000.00. The disclosure for this purchase can be found here. Insiders bought 1,042,365 shares of company stock worth $26,480,405 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in BX. Raymond James Trust N.A. boosted its holdings in shares of The Blackstone Group by 8.8% during the fourth quarter. Raymond James Trust N.A. now owns 34,096 shares of the asset manager’s stock worth $2,210,000 after purchasing an additional 2,764 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of The Blackstone Group by 17.2% during the fourth quarter. IFM Investors Pty Ltd now owns 64,682 shares of the asset manager’s stock worth $4,192,000 after purchasing an additional 9,509 shares during the period. Iron Financial LLC boosted its holdings in shares of The Blackstone Group by 21.1% during the fourth quarter. Iron Financial LLC now owns 5,651 shares of the asset manager’s stock worth $366,000 after purchasing an additional 983 shares during the period. Redpoint Investment Management Pty Ltd boosted its holdings in shares of The Blackstone Group by 11.8% during the fourth quarter. Redpoint Investment Management Pty Ltd now owns 15,023 shares of the asset manager’s stock worth $974,000 after purchasing an additional 1,588 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of The Blackstone Group by 8.0% during the fourth quarter. Global Retirement Partners LLC now owns 72,667 shares of the asset manager’s stock worth $4,710,000 after purchasing an additional 5,401 shares during the period. 59.77% of the stock is owned by hedge funds and other institutional investors.

The Blackstone Group Company Profile

The Blackstone Group 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.

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