$0.45 EPS Expected for The Carlyle Group LP (CG) This Quarter

Equities research analysts expect The Carlyle Group LP (NASDAQ:CG) to announce earnings of $0.45 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for The Carlyle Group’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.41. The Carlyle Group reported earnings of $0.47 per share during the same quarter last year, which indicates a negative year over year growth rate of 4.3%. The company is scheduled to announce its next earnings report on Tuesday, May 7th.

On average, analysts expect that The Carlyle Group will report full year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.77 to $2.18. For the next year, analysts anticipate that the business will post earnings of $2.50 per share, with EPS estimates ranging from $1.72 to $3.14. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow The Carlyle Group.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, February 6th. The financial services provider reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.21. The firm had revenue of $151.70 million during the quarter, compared to analysts’ expectations of $143.99 million. The Carlyle Group had a net margin of 4.56% and a return on equity of 12.27%. During the same period in the prior year, the company earned $1.01 EPS.

Several analysts recently issued reports on the company. BidaskClub upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. ValuEngine upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Bank of America cut The Carlyle Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $20.00 in a report on Friday, March 29th. Canaccord Genuity restated an “average” rating and set a $9.00 price target on shares of The Carlyle Group in a report on Monday, March 25th. Finally, Goldman Sachs Group upgraded The Carlyle Group from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Friday, January 4th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $22.64.

In related news, CFO Curtis L. Buser sold 31,200 shares of the business’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $18.55, for a total transaction of $578,760.00. Following the completion of the transaction, the chief financial officer now owns 641,909 shares in the company, valued at approximately $11,907,411.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its stake in The Carlyle Group by 10.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 212,086 shares of the financial services provider’s stock valued at $4,783,000 after purchasing an additional 19,230 shares during the last quarter. Credit Suisse AG boosted its stake in shares of The Carlyle Group by 16.2% in the third quarter. Credit Suisse AG now owns 116,462 shares of the financial services provider’s stock worth $2,627,000 after buying an additional 16,224 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of The Carlyle Group in the third quarter worth about $230,000. GAM Holding AG purchased a new stake in shares of The Carlyle Group in the third quarter worth about $245,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of The Carlyle Group by 18.1% in the third quarter. JPMorgan Chase & Co. now owns 1,802,418 shares of the financial services provider’s stock worth $40,644,000 after buying an additional 275,990 shares during the last quarter. 44.64% of the stock is owned by institutional investors and hedge funds.

Shares of CG opened at $18.62 on Monday. The company has a market cap of $1.99 billion, a P/E ratio of 7.08 and a beta of 1.65. The Carlyle Group has a 12-month low of $15.09 and a 12-month high of $25.25. The company has a debt-to-equity ratio of 2.61, a quick ratio of 2.52 and a current ratio of 2.54.

The Carlyle Group Company Profile

The Carlyle Group L.P. 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 and Estimates for The Carlyle Group (NASDAQ:CG)

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