Wall Street analysts expect The Carlyle Group L.P. (NASDAQ:CG) to announce earnings of $0.46 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for The Carlyle Group L.P.’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.29. The Carlyle Group L.P. posted earnings of $0.21 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 119%. The business is expected to announce its next earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that The Carlyle Group L.P. will report full year earnings of $2.88 per share for the current fiscal year, with EPS estimates ranging from $2.82 to $2.99. For the next fiscal year, analysts expect that the firm will post earnings of $2.59 per share, with EPS estimates ranging from $2.42 to $2.73. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for The Carlyle Group L.P..
The Carlyle Group L.P. (NASDAQ:CG) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.37. The Carlyle Group L.P. had a net margin of 4.13% and a return on equity of 41.32%. The firm had revenue of $908.40 million for the quarter, compared to the consensus estimate of $696.36 million. During the same quarter in the previous year, the firm posted $0.35 EPS.
Several research analysts have recently weighed in on CG shares. Credit Suisse Group restated a “buy” rating and set a $23.00 target price on shares of The Carlyle Group L.P. in a report on Thursday, June 15th. Zacks Investment Research cut The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Deutsche Bank AG boosted their target price on The Carlyle Group L.P. from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Keefe, Bruyette & Woods upgraded The Carlyle Group L.P. from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $17.50 to $20.00 in a report on Thursday, May 4th. Finally, Jefferies Group LLC restated a “hold” rating and set a $17.00 target price on shares of The Carlyle Group L.P. in a report on Tuesday, May 2nd. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $22.78.
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In other The Carlyle Group L.P. news, CFO Curtis L. Buser sold 20,968 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $445,570.00. Following the sale, the chief financial officer now owns 354,610 shares of the company’s stock, valued at $7,535,462.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Pamela L. Bentley sold 17,760 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $377,400.00. Following the completion of the sale, the insider now directly owns 143,942 shares in the company, valued at approximately $3,058,767.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,013 shares of company stock worth $1,317,776.
Hedge funds have recently made changes to their positions in the stock. Schafer Cullen Capital Management Inc. purchased a new stake in shares of The Carlyle Group L.P. during the second quarter worth about $280,000. BW Gestao de Investimentos Ltda. raised its stake in shares of The Carlyle Group L.P. by 544.9% in the second quarter. BW Gestao de Investimentos Ltda. now owns 89,640 shares of the financial services provider’s stock worth $1,770,000 after buying an additional 75,741 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of The Carlyle Group L.P. by 1.1% in the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 143,795 shares of the financial services provider’s stock worth $2,840,000 after buying an additional 1,500 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of The Carlyle Group L.P. by 46.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 45,734 shares of the financial services provider’s stock worth $903,000 after buying an additional 14,440 shares during the last quarter. Finally, Partners Group Holding AG raised its stake in shares of The Carlyle Group L.P. by 1.8% in the second quarter. Partners Group Holding AG now owns 580,124 shares of the financial services provider’s stock worth $11,225,000 after buying an additional 10,300 shares during the last quarter. 42.79% of the stock is currently owned by institutional investors.
The Carlyle Group L.P. (CG) traded down 0.48% during midday trading on Friday, reaching $20.85. 816,758 shares of the company traded hands. The Carlyle Group L.P. has a 12 month low of $14.35 and a 12 month high of $22.13. The firm has a 50 day moving average of $20.74 and a 200-day moving average of $18.03. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 48.83 and a beta of 1.83.
The company also recently declared a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 14th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 8.06%. The ex-dividend date was Thursday, August 10th. This is a positive change from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. The Carlyle Group L.P.’s payout ratio is presently 128.24%.
The Carlyle Group L.P. Company Profile
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.
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