Analysts Expect The Carlyle Group L.P. (CG) Will Announce Earnings of $0.46 Per Share
Equities analysts expect The Carlyle Group L.P. (NASDAQ:CG) to report earnings of $0.46 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for The Carlyle Group L.P.’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.57. The Carlyle Group L.P. posted earnings per share of $0.21 during the same quarter last year, which would suggest a positive year over year growth rate of 119%. The company is expected to issue its next earnings results on Wednesday, October 25th.
On average, analysts expect that The Carlyle Group L.P. will report full-year earnings of $2.68 per share for the current year, with EPS estimates ranging from $2.43 to $2.99. For the next year, analysts expect that the business will post earnings of $2.45 per share, with EPS estimates ranging from $2.04 to $2.69. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow The Carlyle Group L.P..
The Carlyle Group L.P. (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.37. The Carlyle Group L.P. had a net margin of 4.13% and a return on equity of 41.32%. The company had revenue of $908.40 million during the quarter, compared to the consensus estimate of $696.36 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share.
A number of equities analysts have weighed in on CG shares. Zacks Investment Research cut The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and issued a $17.00 price target on shares of The Carlyle Group L.P. in a report on Tuesday, May 2nd. Credit Suisse Group set a $21.00 price target on The Carlyle Group L.P. and gave the stock a “hold” rating in a report on Thursday, May 4th. BidaskClub cut The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Morgan Stanley restated an “overweight” rating and issued a $21.00 price target (up previously from $20.00) on shares of The Carlyle Group L.P. in a report on Monday, July 10th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $21.31.
In related news, Director Edward J. Mathias sold 6,593 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total transaction of $140,101.25. Following the sale, the director now directly owns 34,114 shares of the company’s stock, valued at approximately $724,922.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Curtis L. Buser sold 20,968 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $445,570.00. Following the sale, the chief financial officer now directly owns 354,610 shares in the company, valued at $7,535,462.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,013 shares of company stock valued at $1,317,776.
Several large investors have recently bought and sold shares of the stock. Loeb Partners Corp purchased a new stake in The Carlyle Group L.P. during the first quarter valued at about $159,000. Cambridge Investment Research Advisors Inc. raised its stake in The Carlyle Group L.P. by 1.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock valued at $163,000 after buying an additional 144 shares in the last quarter. First Manhattan Co. raised its stake in The Carlyle Group L.P. by 6.9% in the first quarter. First Manhattan Co. now owns 10,830 shares of the financial services provider’s stock valued at $168,000 after buying an additional 700 shares in the last quarter. Palo Capital Inc. purchased a new stake in The Carlyle Group L.P. during the first quarter valued at about $181,000. Finally, Pinnacle Associates Ltd. purchased a new stake in The Carlyle Group L.P. during the first quarter valued at about $182,000. 45.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of The Carlyle Group L.P. (NASDAQ:CG) traded up 0.46% on Monday, reaching $22.05. 98,214 shares of the company were exchanged. The stock has a market capitalization of $1.96 billion, a PE ratio of 51.16 and a beta of 1.83. The Carlyle Group L.P. has a 1-year low of $14.35 and a 1-year high of $22.10. The company has a 50-day moving average price of $19.78 and a 200 day moving average price of $17.55.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 14th will be paid a dividend of $0.42 per share. This is a boost from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. This represents a $1.68 annualized dividend and a dividend yield of 7.65%. The ex-dividend date is Thursday, August 10th. The Carlyle Group L.P.’s dividend payout ratio is 30.53%.
About The Carlyle Group L.P.
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.
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