The Carlyle Group (CG) to Release Earnings on Wednesday

The Carlyle Group (NASDAQ:CG) is expected to post its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect The Carlyle Group to post earnings of $1.04 per share and revenue of $1.00 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. During the same quarter in the previous year, the company posted $0.87 earnings per share. The Carlyle Group’s revenue was up 15.2% compared to the same quarter last year. On average, analysts expect The Carlyle Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

The Carlyle Group Trading Up 2.1 %

Shares of CG stock opened at $56.95 on Wednesday. The Carlyle Group has a 1 year low of $36.65 and a 1 year high of $57.34. The firm has a fifty day moving average price of $52.70 and a 200-day moving average price of $47.73. The company has a market cap of $20.37 billion, a price-to-earnings ratio of 196.38, a PEG ratio of 0.99 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price objective on shares of The Carlyle Group in a research report on Wednesday, October 9th. TD Cowen upped their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their target price on shares of The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. 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 report on Tuesday, October 22nd. Finally, Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $54.44.

Insider Transactions at The Carlyle Group

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the transaction, the director now directly owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.