StepStone Group (NASDAQ:STEP - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect StepStone Group to post earnings of $0.47 per share and revenue of $210.53 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.
StepStone Group (NASDAQ:STEP - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $271.68 million for the quarter, compared to the consensus estimate of $215.51 million. During the same period in the previous year, the firm 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 Stock Performance
Shares of STEP stock traded up $0.75 during mid-day trading on Thursday, hitting $64.72. 395,943 shares of the stock traded hands, compared to its average volume of 455,360. StepStone Group has a twelve month low of $32.33 and a twelve month high of $70.38. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 107.87 and a beta of 1.31. The company's 50-day simple moving average is $61.67 and its 200-day simple moving average is $57.90.
StepStone Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, November 29th. StepStone Group's dividend payout ratio (DPR) is presently 160.00%.
Insider Activity at StepStone Group
In related news, insider Michael I. Mccabe sold 4,000 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $64.25, for a total value of $257,000.00. Following the completion of the sale, the insider now directly owns 686,516 shares in the company, valued at approximately $44,108,653. This trade represents a 0.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Scott W. Hart sold 22,091 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $63.24, for a total transaction of $1,397,034.84. Following the completion of the sale, the chief executive officer now owns 157,909 shares of the company's stock, valued at $9,986,165.16. This trade represents a 12.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,820 shares of company stock worth $1,908,856 in the last quarter. Corporate insiders own 18.44% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on STEP. Oppenheimer lifted their price target on StepStone Group from $73.00 to $84.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Morgan Stanley lifted their price target on StepStone Group from $60.00 to $65.00 and gave the company an "equal weight" rating in a report on Thursday, November 14th. UBS Group lifted their price objective on StepStone Group from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group lifted their price objective on StepStone Group from $64.00 to $70.50 and gave the company a "neutral" rating in a research report on Tuesday, November 19th. Finally, Barclays reduced their price objective on StepStone Group from $72.00 to $66.00 and set an "equal weight" rating for the company in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, StepStone Group currently has a consensus rating of "Hold" and an average target price of $67.79.
Read Our Latest Analysis on STEP
About StepStone Group
(
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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.
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