Blackstone moved 0.1% this afternoon session, trading between a high of $94.9 and a low of $92.28 per share. Yesterday the stock finished at $94.22 per share, compared to an average analyst target price of $111.53.
Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The large-cap investment managers company is based in the United States, and over the last twelve months it has returned a dividend yield of 3.6%. Blackstone has trailing twelve months earnings per share (EPS) of 1.66, which at today's prices amounts to a price to earnings (P/E) ratio of 56.8.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 2.03. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Snapshot of Blackstone's Operating Margins:
Date Reported | Total Revenue ($ k) | Operating Expenses ($ k) | Operating Margins (%) | YoY Growth (%) |
---|---|---|---|---|
2023-02-24 | 8,517,673 | -1,123,346 | 28 | -63.16 |
2022-02-25 | 22,577,148 | -928,223 | 76 | 76.74 |
2021-02-26 | 6,101,927 | -724,646 | 43 | -23.21 |
2020-02-28 | 7,338,270 | -697,146 | 56 | 9.8 |
2019-03-01 | 6,833,259 | -673,359 | 51 | 2.0 |
2018-03-01 | 7,119,053 | -599,103 | 50 |
Over the last 6 years, Blackstone's operating margins have averaged 50.7%, which is better than the 18.36% Asset Management industry average. We also note that the company's operating margins have a high coefficient of variability at 31.1%. However the firm's margins are declining at a compounded yearly rate of -9.2%.