The Carlyle Group (NASDAQ:CG) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

The Carlyle Group (NASDAQ:CG) released its quarterly earnings results on Monday. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05), Briefing.com reports. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $808.73 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The company’s quarterly revenue was up 131.5% on a year-over-year basis.

The Carlyle Group Stock Performance

CG traded down $1.12 during trading on Wednesday, reaching $38.22. The company’s stock had a trading volume of 5,140,389 shares, compared to its average volume of 2,296,238. The company’s fifty day moving average price is $42.47 and its 200-day moving average price is $43.73. The company has a market capitalization of $13.75 billion, a price-to-earnings ratio of -21.35, a price-to-earnings-growth ratio of 1.38 and a beta of 1.75. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The Carlyle Group has a 52-week low of $27.13 and a 52-week high of $50.92.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 16th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, August 16th. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 127,981 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $36.19, for a total transaction of $4,631,632.39. Following the sale, the insider now owns 12,123,705 shares of the company’s stock, valued at approximately $438,756,883.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 2,065,207 shares of company stock valued at $74,807,347 in the last quarter. 27.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut The Carlyle Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $46.00 to $44.00 in a research note on Tuesday. TD Cowen increased their price objective on The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday. Jefferies Financial Group reduced their price objective on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on The Carlyle Group from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $45.57.

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.