Brokerages expect The Carlyle Group Inc. (NASDAQ:CG – Get Rating) to post earnings per share of $1.05 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for The Carlyle Group’s earnings, with the highest EPS estimate coming in at $1.15 and the lowest estimate coming in at $0.87. The Carlyle Group reported earnings of $0.58 per share during the same quarter last year, which suggests a positive year over year growth rate of 81%. The firm is expected to announce its next earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that The Carlyle Group will report full-year earnings of $4.45 per share for the current year, with EPS estimates ranging from $4.26 to $4.86. For the next fiscal year, analysts anticipate that the company will report earnings of $4.85 per share, with EPS estimates ranging from $4.52 to $5.37. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover The Carlyle Group.
The Carlyle Group (NASDAQ:CG – Get Rating) last released its earnings results on Thursday, February 3rd. The financial services provider reported $2.01 EPS for the quarter, topping the consensus estimate of $1.25 by $0.76. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.15 billion. The Carlyle Group had a net margin of 33.87% and a return on equity of 45.46%. The company’s quarterly revenue was up 200.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share.
In other news, major shareholder Carlyle Group Inc. sold 85,323 shares of the company’s stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $57.13, for a total value of $4,874,502.99. Following the completion of the sale, the insider now owns 41,671,945 shares of the company’s stock, valued at approximately $2,380,718,217.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kewsong Lee sold 124,876 shares of The Carlyle Group stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $52.25, for a total transaction of $6,524,771.00. The disclosure for this sale can be found here. Insiders have sold a total of 798,842 shares of company stock worth $40,348,925 in the last three months. Corporate insiders own 36.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in CG. Moore Capital Management LP increased its position in shares of The Carlyle Group by 75.8% during the third quarter. Moore Capital Management LP now owns 1,013,996 shares of the financial services provider’s stock worth $47,942,000 after purchasing an additional 437,049 shares in the last quarter. Spectrum Management Group LLC raised its stake in The Carlyle Group by 92.3% in the third quarter. Spectrum Management Group LLC now owns 160,883 shares of the financial services provider’s stock valued at $7,607,000 after buying an additional 77,210 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of The Carlyle Group during the third quarter worth about $14,426,000. Van ECK Associates Corp acquired a new position in shares of The Carlyle Group during the fourth quarter valued at about $417,000. Finally, BlackRock Inc. raised its position in shares of The Carlyle Group by 3.0% in the 3rd quarter. BlackRock Inc. now owns 7,994,579 shares of the financial services provider’s stock valued at $377,986,000 after purchasing an additional 229,873 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.
CG opened at $42.72 on Friday. The Carlyle Group has a 52 week low of $38.76 and a 52 week high of $60.62. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.40. The firm has a 50-day simple moving average of $45.73 and a two-hundred day simple moving average of $50.73. The company has a market capitalization of $15.22 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 0.40 and a beta of 1.45.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 23rd. Shareholders of record on Tuesday, February 15th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 14th. This represents a $1.00 annualized dividend and a yield of 2.34%. The Carlyle Group’s payout ratio is currently 12.21%.
The Carlyle Group Company Profile (Get Rating)
The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.
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