GCM Grosvenor (NASDAQ:GCMG – Get Free Report) is scheduled to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
GCM Grosvenor (NASDAQ:GCMG – Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.08). The company had revenue of $116.56 million during the quarter, compared to analysts’ expectations of $127.29 million. GCM Grosvenor had a net margin of 2.87% and a negative return on equity of 76.61%. 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 Trading Up 0.6 %
GCMG stock opened at $9.68 on Monday. The company’s 50-day moving average price is $9.11 and its 200 day moving average price is $8.75. GCM Grosvenor has a 52 week low of $6.56 and a 52 week high of $9.71. The company has a market cap of $1.81 billion, a P/E ratio of -33.38 and a beta of 0.51.
GCM Grosvenor Dividend Announcement
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on GCMG shares. Oppenheimer dropped their price objective on GCM Grosvenor from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. UBS Group raised their price target on GCM Grosvenor from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, TD Cowen raised GCM Grosvenor from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $9.50 to $10.00 in a research note on Friday, February 16th.
Get Our Latest Stock Report on GCMG
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.
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