The Carlyle Group (NASDAQ:CG) Announces Earnings Results

The Carlyle Group (NASDAQ:CG) posted its quarterly earnings data on Monday. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08), Zacks reports. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%.

The Carlyle Group Trading Down 0.5 %

Shares of The Carlyle Group stock traded down $0.26 during trading on Wednesday, reaching $49.32. 1,456,848 shares of the company were exchanged, compared to its average volume of 2,099,050. The Carlyle Group has a twelve month low of $36.65 and a twelve month high of $57.50. The business has a 50-day moving average price of $52.79 and a 200-day moving average price of $48.25. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $17.64 billion, a price-to-earnings ratio of 169.66, a P/E/G ratio of 0.92 and a beta of 1.70.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CG. Evercore ISI boosted their price objective on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research report on Wednesday. Oppenheimer increased their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Wells Fargo & Company decreased their target price on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Barclays dropped their price target on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price objective on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $54.93.

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.