GCM Grosvenor (GCMG) Expected to Announce Quarterly Earnings on Monday

GCM Grosvenor (NASDAQ:GCMG) is expected to announce its earnings results before the market opens on Monday, February 10th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $161.10 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. GCM Grosvenor had a net margin of 3.08% and a negative return on equity of 73.06%. The firm had revenue of $122.93 million during the quarter, compared to analysts’ expectations of $126.39 million. During the same period last year, the company earned $0.14 earnings per share. On average, analysts expect GCM Grosvenor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

GCM Grosvenor Price Performance

GCMG opened at $13.52 on Monday. The firm has a market capitalization of $2.56 billion, a PE ratio of -225.33 and a beta of 0.56. GCM Grosvenor has a fifty-two week low of $8.05 and a fifty-two week high of $13.67. The company’s 50-day moving average is $12.62 and its 200 day moving average is $11.71.

GCM Grosvenor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.11 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.25%. GCM Grosvenor’s dividend payout ratio is presently -733.33%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Piper Sandler raised GCM Grosvenor from a “neutral” rating to an “overweight” rating and increased their price target for the company from $12.50 to $14.00 in a research report on Monday, December 23rd. TD Cowen downgraded shares of GCM Grosvenor from a “buy” rating to a “hold” rating and lowered their target price for the company from $13.50 to $12.50 in a report on Monday, November 11th. UBS Group boosted their price target on shares of GCM Grosvenor from $9.50 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Oppenheimer increased their price objective on shares of GCM Grosvenor from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.70.

About GCM Grosvenor

GCM Grosvenor Inc is global alternative asset management solutions provider. The firm primarily provides its services to pooled investment vehicles. It also provides its services to investment companies, high net worth individuals, pension and profit sharing plans and state or municipal government entities.