Wall Street analysts expect The Carlyle Group Inc. (NASDAQ:CG) to report earnings of $0.56 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for The Carlyle Group’s earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.59. The Carlyle Group posted earnings per share of $0.53 in the same quarter last year, which would indicate a positive year over year growth rate of 5.7%. The company is expected to announce its next quarterly earnings report on Thursday, July 29th.
On average, analysts expect that The Carlyle Group will report full year earnings of $2.48 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.73. For the next financial year, analysts expect that the company will post earnings of $2.97 per share, with EPS estimates ranging from $2.72 to $3.18. Zacks’ EPS calculations are an average based on a survey of research firms that follow The Carlyle Group.
The Carlyle Group (NASDAQ:CG) last released its earnings results on Thursday, April 29th. The financial services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The firm had revenue of $612.50 million for the quarter, compared to analysts’ expectations of $595.12 million. The Carlyle Group had a negative net margin of 5.38% and a positive return on equity of 25.90%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 earnings per share.
In other The Carlyle Group news, CEO Kewsong Lee sold 2,639 shares of the business’s stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $43.49, for a total transaction of $114,770.11. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David M. Rubenstein sold 3,000,000 shares of the business’s stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $35.80, for a total transaction of $107,400,000.00. Following the transaction, the director now owns 39,249,644 shares in the company, valued at approximately $1,405,137,255.20. The disclosure for this sale can be found here.
Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in The Carlyle Group by 50.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,697 shares of the financial services provider’s stock worth $2,223,000 after acquiring an additional 23,707 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of The Carlyle Group by 7.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 63,200 shares of the financial services provider’s stock valued at $1,987,000 after acquiring an additional 4,230 shares in the last quarter. Wellington Shields Capital Management LLC increased its holdings in shares of The Carlyle Group by 11.3% during the fourth quarter. Wellington Shields Capital Management LLC now owns 94,714 shares of the financial services provider’s stock valued at $2,978,000 after acquiring an additional 9,581 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of The Carlyle Group by 45.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 679,191 shares of the financial services provider’s stock valued at $24,967,000 after acquiring an additional 211,620 shares in the last quarter. Finally, Prana Capital Management LP acquired a new position in The Carlyle Group in the 4th quarter worth approximately $5,500,000. Institutional investors and hedge funds own 33.08% of the company’s stock.
NASDAQ CG opened at $43.51 on Friday. The company’s 50 day moving average is $40.16 and its 200-day moving average is $34.12. The Carlyle Group has a 12-month low of $22.95 and a 12-month high of $45.23. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 2.98. The firm has a market cap of $15.43 billion, a P/E ratio of -71.33 and a beta of 1.38.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 19th. Investors of record on Tuesday, May 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, May 10th. The Carlyle Group’s payout ratio is 58.82%.
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.
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