The Carlyle Group L.P. (CG) Scheduled to Post Earnings on Tuesday
The Carlyle Group L.P. (NASDAQ:CG) will be posting its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect The Carlyle Group L.P. to post earnings of $0.46 per share for the quarter.
The Carlyle Group L.P. (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $696.36 million. During the same period in the previous year, the company earned $0.35 EPS. On average, analysts expect The Carlyle Group L.P. to post $2.8 EPS for the current fiscal year and $2.48 EPS for the next fiscal year.
Shares of The Carlyle Group L.P. (NASDAQ CG) opened at 23.875 on Tuesday. The stock has a market capitalization of $2.17 billion, a PE ratio of 55.913 and a beta of 1.84. The Carlyle Group L.P. has a 52 week low of $14.45 and a 52 week high of $24.85. The stock’s 50 day moving average is $23.41 and its 200 day moving average is $20.13.
CG has been the topic of several analyst reports. Zacks Investment Research upgraded shares of The Carlyle Group L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, July 5th. BidaskClub lowered shares of The Carlyle Group L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 6th. Morgan Stanley restated an “overweight” rating and set a $21.00 price target (up previously from $20.00) on shares of The Carlyle Group L.P. in a research note on Monday, July 10th. Oppenheimer Holdings, Inc. increased their price target on shares of The Carlyle Group L.P. from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. Finally, Deutsche Bank AG increased their price target on shares of The Carlyle Group L.P. from $19.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $24.75.
In related news, Director Edward J. Mathias sold 6,593 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $140,101.25. Following the transaction, the director now directly owns 34,114 shares in the company, valued at approximately $724,922.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pamela L. Bentley sold 17,760 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $377,400.00. Following the completion of the transaction, 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. Insiders sold a total of 62,013 shares of company stock worth $1,317,776 over the last quarter.
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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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