Jefferies Group Weighs in on The Carlyle Group LP’s Q1 2018 Earnings (CG)

The Carlyle Group LP (NASDAQ:CG) – Jefferies Group lifted their Q1 2018 earnings estimates for The Carlyle Group in a note issued to investors on Wednesday. Jefferies Group analyst G. O’hara now forecasts that the financial services provider will post earnings per share of $0.67 for the quarter, up from their prior estimate of $0.60. Jefferies Group currently has a “Buy” rating and a $27.00 target price on the stock. Jefferies Group also issued estimates for The Carlyle Group’s Q2 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.81 EPS and FY2018 earnings at $2.91 EPS.

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

CG has been the topic of a number of other research reports. BidaskClub upgraded shares of The Carlyle Group from a “sell” rating to a “hold” rating in a report on Saturday, December 9th. TheStreet upgraded shares of The Carlyle Group from a “d+” rating to a “c” rating in a report on Tuesday, October 31st. Credit Suisse Group increased their price target on shares of The Carlyle Group from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Morgan Stanley set a $28.00 price objective on shares of The Carlyle Group and gave the company a “buy” rating in a research report on Monday, December 4th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of 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. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The Carlyle Group has a consensus rating of “Buy” and an average price target of $26.17.

Shares of The Carlyle Group (CG) opened at $23.65 on Thursday. The Carlyle Group has a fifty-two week low of $15.45 and a fifty-two week high of $25.90. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 2.23. The company has a market cap of $8,030.00, a P/E ratio of 9.57 and a beta of 1.70.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 20th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.32 annualized dividend and a yield of 5.58%. The Carlyle Group’s payout ratio is presently 90.69%.

In other The Carlyle Group news, Director Edward J. Mathias sold 17,133 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were 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 SEC, which can be accessed through this hyperlink.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pinnacle Holdings LLC purchased a new stake in shares of The Carlyle Group in the fourth quarter worth $103,000. Stelac Advisory Services LLC purchased a new stake in shares of The Carlyle Group in the third quarter worth $145,000. Winslow Evans & Crocker Inc. increased its stake in shares of The Carlyle Group by 950.1% in the third quarter. Winslow Evans & Crocker Inc. now owns 7,876 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 7,126 shares in the last quarter. Stephens Inc. AR purchased a new stake in shares of The Carlyle Group in the third quarter worth $208,000. Finally, Palo Capital Inc. purchased a new stake in shares of The Carlyle Group in the fourth quarter worth $214,000. 38.06% of the stock is owned by hedge funds and other institutional investors.

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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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