The Carlyle Group (NASDAQ:CG) Releases Quarterly Earnings Results

The Carlyle Group (NASDAQ:CGGet Free Report) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.78 by $0.08, MarketWatch Earnings reports. The firm had revenue of $896.40 million during the quarter, compared to analysts’ expectations of $860.68 million. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.10%. The business’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.01 earnings per share.

The Carlyle Group Price Performance

Shares of CG stock traded down $0.29 during midday trading on Friday, reaching $45.32. 139,275 shares of the company were exchanged, compared to its average volume of 2,192,158. The company’s 50 day moving average price is $39.75 and its two-hundred day moving average price is $34.08. The company has a market cap of $16.31 billion, a P/E ratio of -26.99 and a beta of 1.77. The Carlyle Group has a 12 month low of $25.20 and a 12 month high of $46.00. The company has a debt-to-equity ratio of 1.34, a quick ratio of 2.92 and a current ratio of 2.94.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 23rd will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Thursday, February 22nd. The Carlyle Group’s dividend payout ratio is currently -82.84%.

Hedge Funds Weigh In On The Carlyle Group

A number of institutional investors have recently bought and sold shares of CG. Sunbelt Securities Inc. purchased a new stake in The Carlyle Group in the 1st quarter worth approximately $31,000. UniSuper Management Pty Ltd purchased a new stake in The Carlyle Group in the 2nd quarter worth approximately $45,000. American International Group Inc. raised its position in The Carlyle Group by 27.6% during the second quarter. American International Group Inc. now owns 2,166 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 468 shares in the last quarter. Zions Bancorporation N.A. raised its position in The Carlyle Group by 141.3% during the first quarter. Zions Bancorporation N.A. now owns 2,186 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 1,280 shares in the last quarter. Finally, IFP Advisors Inc raised its position in The Carlyle Group by 105.9% during the second quarter. IFP Advisors Inc now owns 2,744 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 1,411 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley upped their target price on The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Citigroup upped their price objective on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday. TD Cowen initiated coverage on shares of The Carlyle Group in a research report on Thursday, January 4th. They issued a “market perform” rating and a $42.00 price objective for the company. JMP Securities increased their price objective on shares of The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Thursday. Finally, TheStreet lowered shares of The Carlyle Group from a “b-” rating to a “c” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.80.

View Our Latest Report on The Carlyle Group

About The Carlyle Group

(Get Free Report)

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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Earnings History for The Carlyle Group (NASDAQ:CG)

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