Blackstone (BX) Projected to Post Earnings on Thursday

Blackstone (NYSE:BX - Get Free Report) is projected to release its Q2 2025 earnings data before the market opens on Thursday, July 24th. Analysts expect Blackstone to post earnings of $1.09 per share and revenue of $2.77 billion for the quarter.

Blackstone (NYSE:BX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The asset manager reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.13). Blackstone had a return on equity of 19.84% and a net margin of 19.83%. The business had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter last year, the business posted $0.98 EPS. On average, analysts expect Blackstone to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Blackstone Price Performance

NYSE BX traded up $6.87 during trading hours on Thursday, reaching $172.79. 6,502,673 shares of the stock traded hands, compared to its average volume of 3,890,052. The stock has a 50 day simple moving average of $145.35 and a two-hundred day simple moving average of $150.72. Blackstone has a 1 year low of $115.66 and a 1 year high of $200.96. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $126.08 billion, a price-to-earnings ratio of 52.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.65.

Insider Activity at Blackstone

In other Blackstone news, insider Private Credit Stra Blackstone acquired 1,660,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average cost of $15.00 per share, with a total value of $24,900,000.00. Following the transaction, the insider owned 1,666,667 shares of the company's stock, valued at $25,000,005. The trade was a 24,898.76% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John G. Finley sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $138.47, for a total value of $3,461,750.00. Following the completion of the transaction, the insider directly owned 475,336 shares in the company, valued at $65,819,775.92. This trade represents a 5.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Blackstone

An institutional investor recently raised its position in Blackstone stock. Brighton Jones LLC boosted its holdings in Blackstone Inc. (NYSE:BX - Free Report) by 34.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,917 shares of the asset manager's stock after buying an additional 2,035 shares during the period. Brighton Jones LLC's holdings in Blackstone were worth $1,365,000 as of its most recent SEC filing. 70.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BX has been the topic of several analyst reports. Citigroup lifted their price objective on Blackstone from $137.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Wells Fargo & Company lifted their price objective on Blackstone from $153.00 to $167.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Bank of America cut their price objective on Blackstone from $219.00 to $207.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Citizens Jmp raised Blackstone from a "market perform" rating to an "outperform" rating and set a $165.00 price objective on the stock in a research report on Tuesday, April 8th. Finally, JMP Securities lifted their price objective on Blackstone from $165.00 to $180.00 and gave the company a "market outperform" rating in a research report on Monday. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $162.18.

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.