Wall Street analysts expect The Carlyle Group LP (NASDAQ:CG) to announce earnings of $0.50 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for The Carlyle Group’s earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.37. The Carlyle Group reported earnings per share of $0.56 during the same quarter last year, which suggests a negative year over year growth rate of 10.7%. The company is scheduled to report its next earnings report before the market opens on Wednesday, October 31st.
On average, analysts expect that The Carlyle Group will report full year earnings of $2.31 per share for the current financial year, with EPS estimates ranging from $2.16 to $2.52. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.78 per share, with EPS estimates ranging from $1.27 to $3.37. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow The Carlyle Group.
The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, August 1st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.17. The Carlyle Group had a net margin of 6.37% and a return on equity of 31.20%. The company had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $713.35 million. During the same quarter last year, the company posted $0.59 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis.
CG stock traded down $0.32 on Friday, hitting $19.08. The company had a trading volume of 492,448 shares, compared to its average volume of 620,098. The Carlyle Group has a 12-month low of $18.89 and a 12-month high of $25.90. The company has a current ratio of 0.71, a quick ratio of 0.59 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $1.98 billion, a P/E ratio of 5.50 and a beta of 1.79.
In other news, General Counsel Jeffrey W. Ferguson sold 19,911 shares of The Carlyle Group stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $24.30, for a total transaction of $483,837.30. Following the transaction, the general counsel now owns 215,876 shares in the company, valued at approximately $5,245,786.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pamela L. Bentley sold 14,179 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $24.30, for a total transaction of $344,549.70. Following the sale, the insider now owns 136,585 shares in the company, valued at $3,319,015.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,329,197 shares of company stock worth $253,721,987 in the last quarter.
Several hedge funds have recently made changes to their positions in CG. Tuttle Tactical Management bought a new stake in shares of The Carlyle Group during the 2nd quarter valued at $107,000. Westbourne Investment Advisors Inc. bought a new stake in shares of The Carlyle Group during the 3rd quarter valued at $113,000. North Star Investment Management Corp. bought a new stake in shares of The Carlyle Group during the 2nd quarter valued at $145,000. Cornerstone Wealth Management LLC bought a new stake in shares of The Carlyle Group during the 3rd quarter valued at $200,000. Finally, Palo Capital Inc. bought a new stake in shares of The Carlyle Group during the 2nd quarter valued at $214,000. Hedge funds and other institutional investors own 40.43% of the company’s stock.
The Carlyle Group Company Profile
The Carlyle Group L.P. 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.
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