The Carlyle Group (NASDAQ:CG) Posts Earnings Results, Beats Estimates By $0.17 EPS

The Carlyle Group (NASDAQ:CG) issued its earnings results on Friday. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.17, Briefing.com reports. The business had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.01 EPS.

The Carlyle Group Trading Up 1.9 %

NASDAQ CG opened at $42.04 on Friday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group has a 12 month low of $33.02 and a 12 month high of $57.50. The company has a market capitalization of $15.17 billion, a PE ratio of 15.12, a P/E/G ratio of 0.98 and a beta of 1.85. The stock has a 50-day simple moving average of $40.35 and a 200 day simple moving average of $47.99.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be given a $0.35 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 3.33%. The Carlyle Group’s dividend payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CG. Morgan Stanley decreased their price objective on The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Bank of America reduced their target price on shares of The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a research note on Friday, April 4th. TD Cowen dropped their target price on shares of The Carlyle Group from $54.00 to $37.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company reduced their price target on shares of The Carlyle Group from $48.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and an average price target of $51.73.

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.