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

The Carlyle Group (NASDAQ:CG) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08, Briefing.com reports. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The business had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter last year, the business earned $0.87 earnings per share. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year.

The Carlyle Group Stock Down 0.0 %

Shares of CG stock traded down $0.02 during trading on Friday, reaching $52.33. The company’s stock had a trading volume of 3,324,443 shares, compared to its average volume of 2,332,326. The company has a market cap of $18.65 billion, a price-to-earnings ratio of 180.45, a price-to-earnings-growth ratio of 1.25 and a beta of 1.70. The Carlyle Group has a one year low of $29.29 and a one year high of $54.52. The business has a fifty day moving average price of $45.62 and a 200-day moving average price of $43.46. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, November 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.68%. The Carlyle Group’s dividend payout ratio is currently 482.76%.

Analyst Ratings Changes

A number of brokerages have issued reports on CG. TD Cowen raised their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Friday. Wells Fargo & Company lifted their price objective on The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. UBS Group increased their target price on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Redburn Atlantic began coverage on The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price target for the company. Finally, JMP Securities restated a “market outperform” rating and set a $60.00 price objective on shares of The Carlyle Group in a report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, The Carlyle Group currently has an average rating of “Hold” and a consensus price target of $52.87.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the transaction, the insider now owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 1,676,014 shares of company stock worth $3,687,196. 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.