Wall Street analysts expect The Carlyle Group (NASDAQ:CG) to post earnings of $0.52 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for The Carlyle Group’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.48. The Carlyle Group posted earnings per share of $0.81 in the same quarter last year, which would indicate a negative year-over-year growth rate of 35.8%. The company is scheduled to announce its next quarterly earnings results on Wednesday, August 1st.
On average, analysts expect that The Carlyle Group will report full year earnings of $2.28 per share for the current year, with EPS estimates ranging from $2.09 to $2.43. For the next fiscal year, analysts anticipate that the business will report earnings of $3.01 per share, with EPS estimates ranging from $2.47 to $3.23. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover The Carlyle Group.
The Carlyle Group (NASDAQ:CG) last released its earnings results on Tuesday, May 1st. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The firm had revenue of $702.80 million for the quarter, compared to analysts’ expectations of $563.57 million. The Carlyle Group had a return on equity of 41.26% and a net margin of 6.16%. The company’s quarterly revenue was down 37.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share.
In other The Carlyle Group news, CAO Pamela L. Bentley sold 9,396 shares of the company’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $20.10, for a total transaction of $188,859.60. Following the completion of the sale, the chief accounting officer now owns 150,764 shares in the company, valued at $3,030,356.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Institutional investors have recently bought and sold shares of the business. Alkeon Capital Management LLC purchased a new stake in shares of The Carlyle Group during the 4th quarter valued at $17,318,000. Bramshill Investments LLC lifted its holdings in shares of The Carlyle Group by 4.2% during the 4th quarter. Bramshill Investments LLC now owns 171,626 shares of the financial services provider’s stock valued at $3,930,000 after purchasing an additional 6,896 shares during the last quarter. Slow Capital Inc. purchased a new stake in shares of The Carlyle Group during the 4th quarter valued at $1,818,000. EnTrustPermal Partners Offshore LP purchased a new stake in shares of The Carlyle Group during the 4th quarter valued at $2,851,000. Finally, 180 Wealth Advisors LLC purchased a new stake in shares of The Carlyle Group during the 4th quarter valued at $219,000. Institutional investors own 40.70% of the company’s stock.
The Carlyle Group opened at $22.35 on Friday, according to MarketBeat. The company has a market cap of $2.22 billion, a PE ratio of 6.44 and a beta of 1.75. The Carlyle Group has a one year low of $21.75 and a one year high of $22.05. The company has a current ratio of 0.86, a quick ratio of 0.71 and a debt-to-equity ratio of 2.32.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 17th. Investors of record on Friday, May 11th were issued a $0.27 dividend. The ex-dividend date was Thursday, May 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.83%. The Carlyle Group’s payout ratio is 31.12%.
The Carlyle Group Company Profile
The Carlyle Group LP is an investment firm specializing in direct and fund of fund investments in Fintech sector. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.
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