Wall Street analysts expect The Carlyle Group L.P. (NASDAQ:CG) to report sales of $668.32 million for the current quarter, Zacks reports. Two analysts have made estimates for The Carlyle Group L.P.’s earnings. The lowest sales estimate is $665.94 million and the highest is $670.70 million. The Carlyle Group L.P. posted sales of $607.30 million in the same quarter last year, which would indicate a positive year over year growth rate of 10%. The firm is expected to issue its next quarterly earnings results before the market opens on Tuesday, October 31st.

According to Zacks, analysts expect that The Carlyle Group L.P. will report full-year sales of $668.32 million for the current fiscal year, with estimates ranging from $3.09 billion to $3.21 billion. For the next year, analysts expect that the business will report sales of $2.94 billion per share, with estimates ranging from $2.88 billion to $3.03 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover The Carlyle Group L.P..

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

Several research analysts have recently issued reports on the company. Zacks Investment Research lowered The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. BidaskClub raised The Carlyle Group L.P. from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Morgan Stanley upped their price target on The Carlyle Group L.P. from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. Credit Suisse Group downgraded The Carlyle Group L.P. to a “hold” rating in a research note on Friday, October 6th. Finally, Citigroup Inc. downgraded The Carlyle Group L.P. from a “buy” rating to a “neutral” rating and set a $25.50 price target on the stock. in a research note on Tuesday, October 10th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $24.75.

In other The Carlyle Group L.P. news, CFO Curtis L. Buser sold 20,968 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 354,610 shares in the company, valued at approximately $7,535,462.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Pamela L. Bentley sold 17,760 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $377,400.00. Following the sale, the insider now owns 143,942 shares in the company, valued at $3,058,767.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,013 shares of company stock worth $1,317,776.

Institutional investors and hedge funds have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. boosted its stake in The Carlyle Group L.P. by 2,205.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 4,875 shares during the last quarter. Penserra Capital Management LLC boosted its stake in The Carlyle Group L.P. by 8.7% during the 2nd quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 419 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its stake in The Carlyle Group L.P. by 950.1% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 7,876 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 7,126 shares during the last quarter. Pathstone Family Office LLC boosted its stake in The Carlyle Group L.P. by 1,660.0% during the 2nd quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 8,300 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in The Carlyle Group L.P. by 1.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 144 shares during the last quarter. Institutional investors and hedge funds own 40.65% of the company’s stock.

Shares of The Carlyle Group L.P. (NASDAQ:CG) opened at 24.35 on Friday. The firm has a market cap of $2.22 billion, a PE ratio of 57.03 and a beta of 1.84. The firm has a 50-day moving average price of $23.32 and a 200-day moving average price of $20.01. The Carlyle Group L.P. has a 52 week low of $14.45 and a 52 week high of $24.85.

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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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