The Carlyle Group (NASDAQ:CG) Releases Earnings Results, Beats Estimates By $0.08 EPS

The Carlyle Group (NASDAQ:CG) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08, Briefing.com reports. The firm had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The Carlyle Group’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 earnings per share.

The Carlyle Group Trading Down 0.0 %

Shares of CG traded down $0.02 during mid-day trading on Friday, reaching $52.33. The company had a trading volume of 3,324,422 shares, compared to its average volume of 2,332,326. The stock has a market cap of $18.65 billion, a price-to-earnings ratio of -46.32, a price-to-earnings-growth ratio of 1.25 and a beta of 1.70. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75. The firm has a fifty day simple moving average of $45.37 and a 200-day simple moving average of $43.41. The Carlyle Group has a fifty-two week low of $29.29 and a fifty-two week high of $54.52.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be issued a $0.35 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.68%. The Carlyle Group’s payout ratio is -125.00%.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the sale, the insider now owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 1,676,014 shares of company stock worth $3,687,196. 27.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group raised their price target on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. TD Cowen increased their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Friday. Morgan Stanley lifted their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company raised their price target on The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and an average target price of $52.87.

About The Carlyle Group

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.