The Carlyle Group LP Forecasted to Earn FY2020 Earnings of $2.79 Per Share (CG)

The Carlyle Group LP (NASDAQ:CG) – Analysts at Jefferies Financial Group reduced their FY2020 EPS estimates for shares of The Carlyle Group in a research note issued to investors on Thursday, January 10th. Jefferies Financial Group analyst G. O’hara now anticipates that the financial services provider will earn $2.79 per share for the year, down from their prior forecast of $3.14.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.24). The firm had revenue of $679.10 million for the quarter, compared to analysts’ expectations of $660.04 million. The Carlyle Group had a return on equity of 26.30% and a net margin of 5.47%. The Carlyle Group’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS.



Other equities research analysts have also issued research reports about the company. Royal Bank of Canada reaffirmed an “average” rating and issued a $7.00 target price on shares of The Carlyle Group in a research note on Wednesday, December 12th. Canaccord Genuity reaffirmed an “average” rating and issued a $9.50 target price on shares of The Carlyle Group in a research note on Tuesday. Oppenheimer set a $34.00 target price on The Carlyle Group and gave the company a “buy” rating in a research note on Wednesday, October 31st. Goldman Sachs Group raised The Carlyle Group from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Friday, January 4th. Finally, Morgan Stanley lowered The Carlyle Group from an “overweight” rating to an “equal weight” rating and set a $23.00 target price on the stock. in a research note on Wednesday, November 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The Carlyle Group has a consensus rating of “Hold” and a consensus price target of $24.35.

Shares of NASDAQ:CG opened at $17.17 on Friday. The Carlyle Group has a 12 month low of $15.09 and a 12 month high of $25.90. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.61 and a current ratio of 0.68. The company has a market cap of $1.87 billion, a PE ratio of 4.95 and a beta of 1.56.

Several hedge funds have recently added to or reduced their stakes in the company. North Star Investment Management Corp. increased its holdings in The Carlyle Group by 80.9% in the 4th quarter. North Star Investment Management Corp. now owns 12,300 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 5,500 shares in the last quarter. Palo Capital Inc. increased its holdings in The Carlyle Group by 11.4% in the 3rd quarter. Palo Capital Inc. now owns 11,200 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 1,150 shares in the last quarter. Marshall Wace LLP acquired a new stake in The Carlyle Group in the 3rd quarter valued at $18,366,000. Belpointe Asset Management LLC acquired a new stake in The Carlyle Group in the 3rd quarter valued at $101,000. Finally, Morgan Stanley increased its holdings in The Carlyle Group by 8.2% in the 3rd quarter. Morgan Stanley now owns 8,131,576 shares of the financial services provider’s stock valued at $183,368,000 after purchasing an additional 619,635 shares in the last quarter. Institutional investors and hedge funds own 41.66% of the company’s stock.

In other The Carlyle Group news, Director Janet Hill purchased 5,000 shares of The Carlyle Group stock in a transaction on Monday, November 5th. The shares were bought at an average price of $20.19 per share, with a total value of $100,950.00. Following the purchase, the director now directly owns 41,680 shares in the company, valued at approximately $841,519.20. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

About The Carlyle Group

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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