The closing price of Blackstone Inc (NYSE: BX) was $124.80 for the day, up 1.22% from the previous closing price of $123.30. In other words, the price has increased by $+1.50 from its previous closing price. On the day, 2912957 shares were traded.
Ratios:
Our analysis of BX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 46.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 85.57. In the meantime, Its Debt-to-Equity ratio is 1.80 whereas as Long-Term Debt/Eq ratio is at 1.78.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on January 19, 2024, Downgraded its rating to Neutral and sets its target price to $124 from $116 previously.
On January 04, 2024, TD Cowen started tracking the stock assigning a Market Perform rating and target price of $118.TD Cowen initiated its Market Perform rating on January 04, 2024, with a $118 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 03 ’24 when BX Buzz ML-1 GP LLC sold 2,509,316 shares for $11.10 per share. The transaction valued at 27,845,378 led to the insider holds 12,802 shares of the business.
Brown Reginald J bought 2,400 shares of BX for $301,500 on Feb 21 ’24. The Director now owns 16,949 shares after completing the transaction at $125.62 per share. On Feb 16 ’24, another insider, Blackstone Inc., who serves as the 10% Owner of the company, sold 24,276,100 shares for $12.04 each. As a result, the insider received 292,405,624 and left with 107,324 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BX now has a Market Capitalization of 94.02B. As of this moment, Blackstone’s Price-to-Earnings (P/E) ratio for their current fiscal year is 67.97, and their Forward P/E ratio for the next fiscal year is 20.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.72 while its Price-to-Book (P/B) ratio in mrq is 22.27. Its current Enterprise Value per Revenue stands at 8.89.
Stock Price History:
Over the past 52 weeks, BX has reached a high of $132.88, while it has fallen to a 52-week low of $74.89. The 50-Day Moving Average of the stock is 124.96, while the 200-Day Moving Average is calculated to be 107.62.
Shares Statistics:
BX traded an average of 3.76M shares per day over the past three months and 3.47M shares per day over the past ten days. A total of 719.36M shares are outstanding, with a floating share count of 707.51M. Insiders hold about 41.62% of the company’s shares, while institutions hold 41.75% stake in the company. Shares short for BX as of Feb 15, 2024 were 23.73M with a Short Ratio of 6.31, compared to 24.3M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.13% and a Short% of Float of 3.31%.
Dividends & Splits
With its trailing 12-month dividend rate of 3.35, BX has a forward annual dividend rate of 3.35. Against a Trailing Annual Dividend Yield of 2.72%, it implies a Forward Annual Dividend Yield of 2.68%. The stock’s 5-year Average Dividend Yield is 3.83.
Earnings Estimates
The firm’s stock currently is rated by 16 analysts. On average, analysts expect EPS of $0.98 for the current quarter, with a high estimate of $1.07 and a low estimate of $0.86, while EPS last year was $0.97. The consensus estimate for the next quarter is $1.09, with high estimates of $1.23 and low estimates of $0.95.
Analysts are recommending an EPS of between $5.29 and $4.55 for the fiscal current year, implying an average EPS of $4.95. EPS for the following year is $6.15, with 20 analysts recommending between $6.64 and $5.61.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $2.83B to a low estimate of $2.38B. As of the current estimate, Blackstone Inc’s year-ago sales were $2.49B, an estimated increase of 1.60% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $2.75B, an increase of 17.20% over than the figure of $1.60% in the same quarter last year. There is a high estimate of $3.15B for the next quarter, whereas the lowest estimate is $2.57B.
A total of 10 analysts have provided revenue estimates for BX’s current fiscal year. The highest revenue estimate was $13.38B, while the lowest revenue estimate was $11.79B, resulting in an average revenue estimate of $12.35B. In the same quarter a year ago, actual revenue was $9.69B, up 27.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $14.91B in the next fiscal year. The high estimate is $16.38B and the low estimate is $13.9B. The average revenue growth estimate for next year is up 20.70% from the average revenue estimate for this year.
