The Carlyle Group LP (CG) Expected to Announce Quarterly Sales of $678.27 Million

Brokerages expect that The Carlyle Group LP (NASDAQ:CG) will report $678.27 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for The Carlyle Group’s earnings, with the lowest sales estimate coming in at $671.24 million and the highest estimate coming in at $685.30 million. The Carlyle Group reported sales of $575.90 million during the same quarter last year, which would indicate a positive year over year growth rate of 17.8%. The business is expected to announce its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that The Carlyle Group will report full-year sales of $678.27 million for the current year, with estimates ranging from $3.03 billion to $3.09 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.11 billion per share, with estimates ranging from $2.96 billion to $3.38 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover The Carlyle Group.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The Carlyle Group had a return on equity of 43.32% and a net margin of 5.43%. The company had revenue of $639.90 million during the quarter, compared to analysts’ expectations of $668.32 million. During the same period last year, the firm earned $0.66 EPS.

A number of brokerages have recently issued reports on CG. BidaskClub raised The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Saturday, December 9th. Zacks Investment Research downgraded The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. TheStreet downgraded The Carlyle Group from a “c-” rating to a “d+” rating in a research note on Thursday, September 7th. ValuEngine downgraded The Carlyle Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 7th. Finally, Morgan Stanley set a $28.00 target price on The Carlyle Group and gave the stock a “buy” rating in a research note on Monday, December 4th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $24.89.

The Carlyle Group (NASDAQ CG) remained flat at $$23.90 during trading on Thursday. The company had a trading volume of 571,254 shares, compared to its average volume of 705,300. The Carlyle Group has a 52 week low of $15.45 and a 52 week high of $24.85. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.23 and a current ratio of 1.27. The company has a market capitalization of $8,120.00, a price-to-earnings ratio of 13.13 and a beta of 1.79.

In related news, Director Edward J. Mathias sold 17,133 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $21.21, for a total value of $363,390.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CG. Cetera Advisor Networks LLC grew its holdings in The Carlyle Group by 143.7% during the 3rd quarter. Cetera Advisor Networks LLC now owns 24,791 shares of the financial services provider’s stock valued at $584,000 after buying an additional 14,618 shares during the last quarter. Ashford Capital Management Inc. grew its holdings in The Carlyle Group by 95.2% during the 3rd quarter. Ashford Capital Management Inc. now owns 20,500 shares of the financial services provider’s stock valued at $484,000 after buying an additional 10,000 shares during the last quarter. California Public Employees Retirement System grew its holdings in The Carlyle Group by 38.0% during the 3rd quarter. California Public Employees Retirement System now owns 121,142 shares of the financial services provider’s stock valued at $2,859,000 after buying an additional 33,342 shares during the last quarter. Bamco Inc. NY grew its holdings in The Carlyle Group by 2.8% during the 3rd quarter. Bamco Inc. NY now owns 5,665,005 shares of the financial services provider’s stock valued at $133,694,000 after buying an additional 152,500 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in The Carlyle Group during the 3rd quarter valued at $519,000. 38.01% of the stock is owned by hedge funds and other institutional investors.

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About The Carlyle Group

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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