Brokerages Expect The Carlyle Group Inc. (NASDAQ:CG) Will Announce Earnings of $1.05 Per Share

Wall Street brokerages expect The Carlyle Group Inc. (NASDAQ:CGGet Rating) to announce earnings of $1.05 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for The Carlyle Group’s earnings, with the lowest EPS estimate coming in at $0.87 and the highest estimate coming in at $1.15. The Carlyle Group reported earnings per share of $0.58 during the same quarter last year, which indicates a positive year over year growth rate of 81%. The company 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 fiscal year, with EPS estimates ranging from $4.26 to $4.86. For the next year, analysts anticipate that the business will report earnings of $4.85 per share, with EPS estimates ranging from $4.52 to $5.37. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover The Carlyle Group.

The Carlyle Group (NASDAQ:CGGet Rating) last posted its earnings results on Thursday, February 3rd. The financial services provider reported $2.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.76. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.15 billion. The Carlyle Group had a net margin of 33.87% and a return on equity of 45.46%. The firm’s revenue for the quarter was up 200.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share.

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of The Carlyle Group from a “buy” rating to a “hold” rating and set a $54.00 target price for the company. in a research note on Tuesday, January 11th. Deutsche Bank Aktiengesellschaft lifted their target price on The Carlyle Group from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 7th. StockNews.com started coverage on The Carlyle Group in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Oppenheimer raised their target price on shares of The Carlyle Group from $71.00 to $80.00 in a research note on Wednesday, April 13th. Finally, BMO Capital Markets increased their price objective on shares of The Carlyle Group from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, April 1st. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, The Carlyle Group has a consensus rating of “Buy” and a consensus price target of $51.79.

Shares of NASDAQ:CG opened at $42.72 on Friday. The Carlyle Group has a twelve month low of $38.76 and a twelve month high of $60.62. The business has a fifty day moving average of $45.73 and a 200-day moving average of $50.73. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.44 and a current ratio of 2.44. The firm has a market cap 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. Investors of record on Tuesday, February 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, February 14th. The Carlyle Group’s dividend payout ratio is currently 12.21%.

In other The Carlyle Group news, CEO Kewsong Lee sold 124,876 shares of The Carlyle Group stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $52.25, for a total value of $6,524,771.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Carlyle Group Inc. sold 8,546 shares of the company’s stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $57.23, for a total value of $489,087.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 798,842 shares of company stock worth $40,348,925. Corporate insiders own 36.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of The Carlyle Group by 78.1% in the fourth quarter. BlackRock Inc. now owns 14,236,611 shares of the financial services provider’s stock worth $781,588,000 after purchasing an additional 6,242,032 shares in the last quarter. Morgan Stanley lifted its position in The Carlyle Group by 61.3% during the 2nd quarter. Morgan Stanley now owns 16,028,163 shares of the financial services provider’s stock worth $744,989,000 after buying an additional 6,093,214 shares in the last quarter. Millennium Management LLC boosted its stake in shares of The Carlyle Group by 3,124.5% during the 3rd quarter. Millennium Management LLC now owns 3,782,468 shares of the financial services provider’s stock worth $178,835,000 after buying an additional 3,665,164 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of The Carlyle Group by 2,797.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,954,291 shares of the financial services provider’s stock valued at $162,191,000 after acquiring an additional 2,852,342 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in The Carlyle Group by 140.0% during the fourth quarter. Deutsche Bank AG now owns 3,021,333 shares of the financial services provider’s stock worth $165,871,000 after acquiring an additional 1,762,443 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

About The Carlyle Group (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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