The Carlyle Group (CG) Scheduled to Post Earnings on Wednesday

The Carlyle Group (NASDAQ:CG) will be announcing its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.89 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.08. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The business had revenue of $896.40 million during the quarter, compared to analyst estimates of $860.68 million. During the same period last year, the company earned $1.01 earnings per share. 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 %

Shares of CG traded down $0.69 during midday trading on Tuesday, reaching $45.62. 198,532 shares of the stock were exchanged, compared to its average volume of 2,219,920. The firm has a 50 day simple moving average of $45.97 and a 200-day simple moving average of $39.82. The Carlyle Group has a 12-month low of $25.20 and a 12-month high of $48.52. The company has a market cap of $16.52 billion, a price-to-earnings ratio of -27.40, a P/E/G ratio of 0.98 and a beta of 1.79. 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 Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.07%. The ex-dividend date was Thursday, February 22nd. The Carlyle Group’s payout ratio is currently -82.84%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

CG has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted 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. TD Cowen began coverage on shares of The Carlyle Group in a research report on Thursday, January 4th. They set a “market perform” rating and a $42.00 target price on the stock. Barclays boosted their price objective on shares of The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. JMP Securities lifted 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. Finally, Citigroup raised their target price on shares of The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $43.07.

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.