Equities analysts forecast that The Carlyle Group L.P. (NASDAQ:CG) will report sales of $688.22 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for The Carlyle Group L.P.’s earnings. The lowest sales estimate is $684.50 million and the highest is $691.93 million. The Carlyle Group L.P. reported sales of $607.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The company is scheduled to announce its next earnings report on Wednesday, October 25th.

On average, analysts expect that The Carlyle Group L.P. will report full-year sales of $688.22 million for the current year, with estimates ranging from $3.16 billion to $3.25 billion. For the next year, analysts forecast that the company will report sales of $3.00 billion per share, with estimates ranging from $2.93 billion to $3.07 billion. Zacks’ sales averages are an average based on a survey of analysts that follow The Carlyle Group L.P..

The Carlyle Group L.P. (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.37. The firm had revenue of $908.40 million during the quarter, compared to analyst estimates of $696.36 million. The Carlyle Group L.P. had a return on equity of 41.32% and a net margin of 4.13%. During the same quarter in the previous year, the business earned $0.35 earnings per share.

A number of equities research analysts recently weighed in on the stock. Deutsche Bank AG boosted their price target on shares of The Carlyle Group L.P. from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Morgan Stanley boosted their price target on shares of The Carlyle Group L.P. from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, August 8th. ValuEngine raised shares of The Carlyle Group L.P. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. TheStreet raised shares of The Carlyle Group L.P. from a “d” rating to a “c-” rating in a report on Wednesday, August 2nd. Finally, BidaskClub cut shares of The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The Carlyle Group L.P. currently has an average rating of “Buy” and an average target price of $22.78.

In other The Carlyle Group L.P. news, Director Edward J. Mathias sold 6,593 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $140,101.25. Following the transaction, the director now owns 34,114 shares of the company’s stock, valued at $724,922.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Curtis L. Buser sold 20,968 shares of the 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 $445,570.00. Following the transaction, the chief financial officer now directly owns 354,610 shares in the company, valued at approximately $7,535,462.50. The disclosure for this sale can be found here. Insiders have sold 62,013 shares of company stock worth $1,317,776 in the last three months.

Large investors have recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. raised its stake in The Carlyle Group L.P. by 2,205.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 4,875 shares during the period. Penserra Capital Management LLC raised its stake in The Carlyle Group L.P. by 8.7% during the second quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 419 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in The Carlyle Group L.P. by 1.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 144 shares during the period. Pathstone Family Office LLC raised its stake in The Carlyle Group L.P. by 1,660.0% during the second quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 8,300 shares during the period. Finally, Pinnacle Associates Ltd. purchased a new position in The Carlyle Group L.P. during the first quarter worth approximately $182,000. 40.64% of the stock is currently owned by institutional investors.

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Shares of The Carlyle Group L.P. (CG) opened at 23.35 on Friday. The Carlyle Group L.P. has a 12-month low of $14.35 and a 12-month high of $23.43. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 54.68 and a beta of 1.81. The firm’s 50-day moving average price is $21.14 and its 200-day moving average price is $18.52.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 14th were paid a dividend of $0.42 per share. This is an increase from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, August 10th. This represents a $1.68 annualized dividend and a dividend yield of 7.19%. The Carlyle Group L.P.’s dividend payout ratio is presently 128.24%.

The Carlyle Group L.P. Company Profile

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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