Q1 2018 EPS Estimates for The Carlyle Group LP Boosted by Oppenheimer (CG)

The Carlyle Group LP (NASDAQ:CG) – Stock analysts at Oppenheimer upped their Q1 2018 earnings per share (EPS) estimates for The Carlyle Group in a report released on Wednesday. Oppenheimer analyst C. Kotowski now expects that the financial services provider will post earnings of $0.62 per share for the quarter, up from their prior forecast of $0.59. Oppenheimer currently has a “Buy” rating on the stock. Oppenheimer also issued estimates for The Carlyle Group’s Q4 2018 earnings at $0.76 EPS and FY2018 earnings at $2.63 EPS.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.41. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $773.13 million. The Carlyle Group had a return on equity of 57.22% and a net margin of 6.64%. During the same quarter last year, the company earned $0.02 EPS.

A number of other research firms have also issued reports on CG. BidaskClub raised The Carlyle Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Credit Suisse Group increased their price target on The Carlyle Group from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday. TheStreet raised The Carlyle Group from a “c” rating to a “b” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. reduced their price target on The Carlyle Group from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st. Finally, Morgan Stanley set a $28.00 price target on The Carlyle Group and gave the company a “buy” rating in a research report on Monday, December 4th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $25.22.

Shares of The Carlyle Group (NASDAQ CG) opened at $22.90 on Monday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.27 and a quick ratio of 1.23. The stock has a market capitalization of $7,780.00, a PE ratio of 9.27 and a beta of 1.70. The Carlyle Group has a 12-month low of $15.45 and a 12-month high of $25.90.

Several hedge funds and other institutional investors have recently modified their holdings of the company. LLBH Private Wealth Management LLC increased its position in The Carlyle Group by 11.6% during the fourth quarter. LLBH Private Wealth Management LLC now owns 85,018 shares of the financial services provider’s stock worth $1,981,000 after buying an additional 8,826 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in The Carlyle Group by 11.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 52,904 shares of the financial services provider’s stock worth $1,212,000 after buying an additional 5,267 shares during the period. Wells Fargo & Company MN increased its position in The Carlyle Group by 2.6% during the fourth quarter. Wells Fargo & Company MN now owns 896,263 shares of the financial services provider’s stock worth $20,524,000 after buying an additional 22,851 shares during the period. Mckinley Capital Management LLC Delaware increased its position in The Carlyle Group by 26.4% during the fourth quarter. Mckinley Capital Management LLC Delaware now owns 283,676 shares of the financial services provider’s stock worth $6,497,000 after buying an additional 59,191 shares during the period. Finally, Carnick & Kubik Group LLC acquired a new position in The Carlyle Group during the fourth quarter worth approximately $2,524,000. 37.93% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Edward J. Mathias sold 17,133 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $21.21, for a total transaction of $363,390.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Friday, February 16th. The Carlyle Group’s dividend payout ratio (DPR) is presently 90.69%.

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The Carlyle Group 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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