Blackstone (BX) Expected to Announce Quarterly Earnings on Thursday

Blackstone (NYSE:BX) is projected to issue its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $1.50 per share and revenue of $3,814,999.26 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Blackstone Trading Up 0.9 %

Shares of NYSE BX opened at $181.52 on Wednesday. Blackstone has a twelve month low of $115.82 and a twelve month high of $200.96. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $180.67 and a 200-day simple moving average of $159.13. The stock has a market capitalization of $131.06 billion, a PE ratio of 62.38, a PEG ratio of 1.20 and a beta of 1.53.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Cowen reissued a “hold” rating on shares of Blackstone in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. StockNews.com raised Blackstone from a “hold” rating to a “buy” rating in a research note on Tuesday. Piper Sandler boosted their target price on Blackstone from $168.00 to $179.00 and gave the stock a “neutral” rating in a research note on Monday, December 23rd. Finally, Citigroup boosted their target price on Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Blackstone currently has a consensus rating of “Hold” and an average price target of $169.56.

Insider Activity

In other Blackstone news, insider John G. Finley sold 42,249 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was 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 directly owns 387,137 shares of the company’s stock, valued at $68,112,883.78. This represents a 9.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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.