StepStone Group (STEP) Scheduled to Post Quarterly Earnings on Thursday

StepStone Group (NASDAQ:STEP) will issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

StepStone Group (NASDAQ:STEP) last released its earnings results on Thursday, August 8th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13. The business had revenue of $186.40 million during the quarter, compared to the consensus estimate of $181.15 million. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. On average, analysts expect StepStone Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

StepStone Group Stock Performance

StepStone Group stock opened at $59.23 on Tuesday. The firm’s 50 day moving average price is $57.35 and its two-hundred day moving average price is $48.82. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 77.94 and a beta of 1.27. StepStone Group has a 1 year low of $25.06 and a 1 year high of $62.99.

StepStone Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from StepStone Group’s previous quarterly dividend of $0.21. StepStone Group’s payout ratio is currently 126.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group raised their price objective on StepStone Group from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley lifted their target price on shares of StepStone Group from $52.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. increased their price target on shares of StepStone Group from $56.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Evercore ISI lifted their price objective on shares of StepStone Group from $52.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group increased their target price on shares of StepStone Group from $51.50 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $61.71.

StepStone Group Company Profile

StepStone Group Inc is a private equity and venture capital firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies.