GCM Grosvenor Inc. (NASDAQ:GCMG) Expected to Announce Earnings of $0.16 Per Share


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Equities analysts expect GCM Grosvenor Inc. (NASDAQ:GCMG) to announce $0.16 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for GCM Grosvenor’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.15. The company is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that GCM Grosvenor will report full year earnings of $0.47 per share for the current year, with EPS estimates ranging from $0.46 to $0.48. For the next year, analysts forecast that the business will post earnings of $0.50 per share. Zacks’ EPS averages are an average based on a survey of analysts that follow GCM Grosvenor.

A number of research firms have issued reports on GCMG. JPMorgan Chase & Co. started coverage on shares of GCM Grosvenor in a report on Monday, December 14th. They issued an “underweight” rating and a $13.00 price objective for the company. William Blair initiated coverage on shares of GCM Grosvenor in a research report on Monday, November 30th. They issued an “outperform” rating for the company.

NASDAQ:GCMG traded down $0.22 during mid-day trading on Wednesday, reaching $13.14. 772,622 shares of the company’s stock were exchanged, compared to its average volume of 784,465. GCM Grosvenor has a one year low of $9.00 and a one year high of $15.36.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Stockholders of record on Monday, March 1st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, February 26th.

About GCM Grosvenor

Grosvenor Capital Management, L.P. is a privately owned hedge fund sponsor. 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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