The Carlyle Group (CG) to Release Quarterly 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. Parties that wish to register for the company’s 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 for the quarter, topping 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 business had revenue of $896.40 million for the quarter, compared to analyst estimates of $860.68 million. During the same period last year, the company posted $1.01 EPS. The business’s revenue was down 15.4% on a year-over-year basis. 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 Performance

Shares of The Carlyle Group stock opened at $46.33 on Wednesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27. The business’s 50 day moving average price is $45.85 and its 200 day moving average price is $39.37. The company has a market cap of $16.78 billion, a price-to-earnings ratio of -27.41, a PEG ratio of 0.94 and a beta of 1.79. The Carlyle Group has a one year low of $25.20 and a one year high of $48.52.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 annualized dividend and a dividend yield of 3.02%. The Carlyle Group’s payout ratio is -82.84%.

Insider Activity

In related news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the purchase, the insider now directly owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 27.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CG shares. Citigroup raised their price objective on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Barclays lifted their price target on shares of The Carlyle Group from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. JMP Securities increased their price objective on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. upped their price target 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. Finally, UBS Group boosted their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $43.07.

About The Carlyle Group

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.