The Carlyle Group Inc. to Post Q1 2024 Earnings of $0.88 Per Share, Zacks Research Forecasts (NASDAQ:CG)

The Carlyle Group Inc. (NASDAQ:CG) – Stock analysts at Zacks Research lifted their Q1 2024 earnings per share (EPS) estimates for The Carlyle Group in a report issued on Tuesday, April 9th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $0.88 per share for the quarter, up from their prior estimate of $0.86. The consensus estimate for The Carlyle Group’s current full-year earnings is $3.93 per share. Zacks Research also issued estimates for The Carlyle Group’s Q1 2025 earnings at $1.19 EPS.

Several other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. boosted their target price on The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. TheStreet cut The Carlyle Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. TD Cowen began coverage on The Carlyle Group in a report on Thursday, January 4th. They issued a “market perform” rating and a $42.00 price target on the stock. Citigroup upped their price target on The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Finally, Barclays upped their price target on The Carlyle Group from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and a consensus target price of $42.00.

The Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $47.23 on Thursday. The Carlyle Group has a 12 month low of $25.20 and a 12 month high of $48.52. The stock has a market cap of $17.10 billion, a price-to-earnings ratio of -27.95, a PEG ratio of 1.03 and a beta of 1.79. The stock’s 50 day moving average price is $45.56 and its 200 day moving average price is $38.40. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.27 and a quick ratio of 2.27.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The company had revenue of $896.40 million for the quarter, compared to analysts’ expectations of $860.68 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The business’s revenue for the quarter was down 15.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc increased its holdings in shares of The Carlyle Group by 125.5% during the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock worth $25,000 after buying an additional 453 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of The Carlyle Group during the first quarter worth approximately $31,000. CVA Family Office LLC acquired a new stake in shares of The Carlyle Group during the fourth quarter worth approximately $35,000. GAMMA Investing LLC acquired a new stake in shares of The Carlyle Group during the fourth quarter worth approximately $38,000. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of The Carlyle Group during the second quarter worth approximately $45,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. bought 190,000 shares of The Carlyle Group stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the purchase, the insider now owns 1,066,189 shares in the company, valued at $13,807,147.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 27.00% of the stock is owned by corporate insiders.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Thursday, February 22nd. The Carlyle Group’s payout ratio is presently -82.84%.

The Carlyle Group Company Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. 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.