The Carlyle Group (NASDAQ:CG) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

The Carlyle Group (NASDAQ:CG) issued its quarterly earnings results on Monday. The financial services provider reported $0.92 earnings per share (EPS) 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 Price Performance

Shares of The Carlyle Group stock traded down $0.40 during midday trading on Wednesday, hitting $49.18. 806,347 shares of the company traded hands, compared to its average volume of 2,072,770. The Carlyle Group has a 12 month low of $36.65 and a 12 month high of $57.50. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a market cap of $17.59 billion, a price-to-earnings ratio of 169.86, a PEG ratio of 0.92 and a beta of 1.70. The firm’s fifty day moving average price is $52.79 and its 200-day moving average price is $48.25.

Analyst Upgrades and Downgrades

CG has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. UBS Group increased their target price on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. TD Cowen boosted their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Finally, Oppenheimer raised their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, The Carlyle Group currently has an average rating of “Hold” and a consensus price target 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.