StepStone Group (STEP) to Release Earnings on Thursday

StepStone Group (NASDAQ:STEP - Get Free Report) will release its earnings data after the market closes on Thursday, November 7th. Analysts expect StepStone Group to post earnings of $0.44 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

StepStone Group (NASDAQ:STEP - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.35 by $0.13. The company had revenue of $186.40 million for the quarter, compared to the consensus estimate of $181.15 million. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.26 EPS. 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 Price Performance

Shares of StepStone Group stock traded down $1.18 during trading on Thursday, reaching $60.13. 386,916 shares of the stock traded hands, compared to its average volume of 566,629. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 79.12 and a beta of 1.28. StepStone Group has a 52-week low of $25.06 and a 52-week high of $62.99. The business has a fifty day simple moving average of $57.15 and a two-hundred day simple moving average of $48.30.

StepStone Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, August 30th. This is a boost from StepStone Group's previous quarterly dividend of $0.21. StepStone Group's dividend payout ratio (DPR) is currently 126.32%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on STEP. Oppenheimer lifted their price objective on shares of StepStone Group from $56.00 to $73.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price target on StepStone Group from $56.00 to $61.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. The Goldman Sachs Group upped their price objective on StepStone Group from $51.50 to $57.00 and gave the company a "neutral" rating in a research report on Monday, September 30th. Evercore ISI lifted their target price on StepStone Group from $52.00 to $55.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Finally, UBS Group increased their price target on StepStone Group from $55.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $54.69.

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.