The Carlyle Group (NASDAQ:CG – Get Rating) will issue its quarterly earnings data before the market opens on Tuesday, February 7th. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
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The Carlyle Group (NASDAQ:CG – Get Rating) last posted its quarterly earnings results on Tuesday, November 8th. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.04 by $0.38. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.08 billion. The Carlyle Group had a net margin of 30.52% and a return on equity of 36.19%. 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 Stock Down 0.8 %
Shares of The Carlyle Group stock opened at $35.16 on Tuesday. The Carlyle Group has a 12-month low of $24.59 and a 12-month high of $54.06. The company has a market cap of $12.78 billion, a P/E ratio of 7.36 and a beta of 1.68. The company has a current ratio of 2.60, a quick ratio of 2.59 and a debt-to-equity ratio of 1.16. The company’s fifty day simple moving average is $31.19 and its two-hundred day simple moving average is $31.02.
The Carlyle Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Friday, November 18th were paid a $0.325 dividend. The ex-dividend date was Thursday, November 17th. This represents a $1.30 annualized dividend and a yield of 3.70%. The Carlyle Group’s payout ratio is 27.20%.
Analysts Set New Price Targets
Several brokerages have weighed in on CG. Piper Sandler lowered their price target on The Carlyle Group from $68.00 to $62.00 in a report on Tuesday, October 11th. The Goldman Sachs Group dropped their price target on The Carlyle Group from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, November 9th. Morgan Stanley boosted their price objective on The Carlyle Group from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 24th. Bank of America reissued an “underperform” rating and set a $34.00 target price on shares of The Carlyle Group in a research note on Thursday, October 6th. Finally, JMP Securities cut their price target on The Carlyle Group from $58.00 to $54.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and an average price target of $40.33.
Institutional Trading of The Carlyle Group
Several hedge funds and other institutional investors have recently modified their holdings of CG. American International Group Inc. boosted its holdings in shares of The Carlyle Group by 27.6% during the 2nd quarter. American International Group Inc. now owns 2,166 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 468 shares during the last quarter. Zions Bancorporation N.A. boosted its stake in The Carlyle Group by 141.3% during the first quarter. Zions Bancorporation N.A. now owns 2,186 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,280 shares during the period. MetLife Investment Management LLC bought a new position in shares of The Carlyle Group during the 1st quarter worth $159,000. Cetera Advisor Networks LLC bought a new stake in shares of The Carlyle Group in the 1st quarter valued at about $200,000. Finally, Vident Investment Advisory LLC purchased a new position in shares of The Carlyle Group in the 1st quarter worth approximately $215,000. Institutional investors own 52.69% of the company’s stock.
About The Carlyle Group
The Carlyle Group, Inc engages in multi-product global alternative asset management. It operates through the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.
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