The Carlyle Group (CG) Set to Announce Quarterly Earnings on Thursday

The Carlyle Group (NASDAQ:CG) is set to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect The Carlyle Group to post earnings of $0.93 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. During the same quarter last year, the business earned $0.88 earnings per share. The company’s revenue was up 131.5% on a year-over-year basis. On average, analysts expect The Carlyle Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $49.46 on Wednesday. The company has a market capitalization of $17.62 billion, a price-to-earnings ratio of -44.16, a PEG ratio of 1.27 and a beta of 1.70. The stock’s 50 day moving average is $44.66 and its 200-day moving average is $43.23. 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 Carlyle Group has a 12 month low of $28.44 and a 12 month high of $52.73.

Analyst Ratings Changes

CG has been the topic of several recent research reports. UBS Group increased their price objective on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a research report on Wednesday, October 9th. Oppenheimer increased their target price on shares of The Carlyle Group from $64.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Evercore ISI lifted their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. increased their price target on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group presently has an average rating of “Hold” and a consensus target price of $51.33.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 275,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total value of $605,000.00. Following the completion of the transaction, the insider now owns 2,405,461 shares of the company’s stock, valued at approximately $5,292,014.20. 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 can be accessed through the SEC website. In the last quarter, insiders sold 1,676,014 shares of company stock valued at $3,687,196. Corporate insiders own 27.20% of the company’s stock.

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.