The Carlyle Group (CG) Set to Announce Earnings on Wednesday

The Carlyle Group (NASDAQ:CG) is set to issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.89 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The company had revenue of $896.40 million for the quarter, compared to the consensus estimate of $860.68 million. During the same quarter in the previous year, the company earned $1.01 EPS. The Carlyle Group’s quarterly revenue was down 15.4% compared to the same quarter last year. On average, analysts expect The Carlyle Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

The Carlyle Group Stock Down 1.5 %

CG traded down $0.69 during trading on Tuesday, hitting $45.62. 198,532 shares of the company’s stock were exchanged, compared to its average volume of 2,219,920. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.52. The business’s 50 day moving average is $45.97 and its two-hundred day moving average is $39.82. The Carlyle Group has a fifty-two week low of $25.20 and a fifty-two week high of $48.52. The stock has a market cap of $16.52 billion, a P/E ratio of -27.40, a PEG ratio of 0.98 and a beta of 1.79.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were paid a $0.35 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 3.07%. The Carlyle Group’s dividend payout ratio (DPR) is presently -82.84%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Morgan Stanley raised their price target on The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. UBS Group upped their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Barclays boosted their price target on shares of The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, TheStreet cut shares of The Carlyle Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.07.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. acquired 190,000 shares of The Carlyle Group stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the acquisition, the insider now owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Company Profile

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.