The Blackstone Group L.P. (NYSE:BX) publicly owned hedge fund sponsor, is expected to report third quarter earnings results, before market open, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.55 per share.
Looking ahead, the full year income are expected at $ 2.06 per share on the revenues of $ 5051.21 million.
Previous Quarter Performance
The Blackstone Group L.P. announced income for the second quarter of $ 0.43 per share, from the revenue of $ 2,516.00 million. The quarterly earnings shrunk 24.56 percent while revenues raised 90.21 percent compared with the same quarter last year. The top line results outshined analysts by $ 1,423.69 million or 130.34 percent.
Stock Performance
Shares of The Blackstone Group L.P. traded low $ -0.97 or -1.84 percent on Tuesday, reaching $ 51.87 with volume of 3.76 million shares. The Blackstone Group L.P. has traded high as $ 53.19 and has cracked $ 51.86 on the downward trend
According to the previous trading day, closing price of $ 51.87, representing a 60.12 % increase from the 52 week low of $ 33.00 and a 18.67 % decrease over the 52 week high of $ 64.97.
The company has a market capital of $ 35.88 billion and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
On July 23, 2020, the board of directors authorized quarterly dividend of $ 0.37 per share to holders of record as of the close of business on August 3, 2020, with payment date of August 10, 2020 and ex-dividend date on July 31, 2020.
Conference Call
The Blackstone Group L.P. will be hosting a conference call at 9:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.blackstone.com
The Blackstone Group L.P. is a publicly owned alternative asset manager. The firm also provides capital markets services to its clients.
