Brokerages predict that The Carlyle Group L.P. (NASDAQ:CG) will announce $688.22 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for The Carlyle Group L.P.’s earnings, with the highest sales estimate coming in at $691.93 million and the lowest estimate coming in at $684.50 million. The Carlyle Group L.P. reported sales of $607.30 million in the same quarter last year, which indicates a positive year-over-year growth rate of 13.3%. The business is expected to announce its next quarterly earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that The Carlyle Group L.P. will report full year sales of $688.22 million for the current fiscal year, with estimates ranging from $2.90 billion to $3.25 billion. For the next fiscal year, analysts expect that the company will post sales of $2.96 billion per share, with estimates ranging from $2.88 billion to $3.07 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover The Carlyle Group L.P..

The Carlyle Group L.P. (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.37. The Carlyle Group L.P. had a net margin of 4.13% and a return on equity of 41.32%. The firm had revenue of $908.40 million for the quarter, compared to analyst estimates of $696.36 million. During the same period last year, the business earned $0.35 EPS.

A number of analysts have weighed in on the stock. Credit Suisse Group raised shares of The Carlyle Group L.P. from a “neutral” rating to an “outperform” rating and set a $23.00 target price on the stock in a report on Thursday, May 11th. Zacks Investment Research raised shares of The Carlyle Group L.P. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, June 1st. Bank of America Corporation raised shares of The Carlyle Group L.P. from a “neutral” rating to a “buy” rating in a report on Thursday, June 8th. TheStreet raised shares of The Carlyle Group L.P. from a “d” rating to a “c-” rating in a report on Wednesday, August 2nd. Finally, Oppenheimer Holdings, Inc. increased their price objective on shares of The Carlyle Group L.P. from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The Carlyle Group L.P. has an average rating of “Buy” and an average price target of $21.81.

Shares of The Carlyle Group L.P. (NASDAQ:CG) opened at 20.80 on Wednesday. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 48.26 and a beta of 1.83. The company’s 50-day moving average is $20.07 and its 200 day moving average is $17.64. The Carlyle Group L.P. has a 52 week low of $14.35 and a 52 week high of $22.05.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 14th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date is Thursday, August 10th. This is a positive change from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. The Carlyle Group L.P.’s dividend payout ratio is currently 30.53%.

In other news, Director Edward J. Mathias sold 6,593 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $140,101.25. Following the completion of the transaction, the director now owns 34,114 shares in the company, valued at approximately $724,922.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Pamela L. Bentley sold 17,760 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $377,400.00. Following the transaction, the insider now owns 143,942 shares of the company’s stock, valued at approximately $3,058,767.50. The disclosure for this sale can be found here. Insiders sold a total of 62,013 shares of company stock valued at $1,317,776 in the last quarter.

Several institutional investors have recently bought and sold shares of CG. Renaissance Technologies LLC acquired a new position in The Carlyle Group L.P. during the fourth quarter valued at $1,684,000. Creative Planning raised its position in The Carlyle Group L.P. by 19.8% in the first quarter. Creative Planning now owns 33,008 shares of the financial services provider’s stock valued at $526,000 after buying an additional 5,458 shares during the period. SOL Capital Management CO raised its position in The Carlyle Group L.P. by 19.3% in the first quarter. SOL Capital Management CO now owns 157,950 shares of the financial services provider’s stock valued at $2,519,000 after buying an additional 25,500 shares during the period. Private Wealth Partners LLC raised its position in The Carlyle Group L.P. by 0.5% in the first quarter. Private Wealth Partners LLC now owns 20,500 shares of the financial services provider’s stock valued at $327,000 after buying an additional 100 shares during the period. Finally, LGT Capital Partners LTD. acquired a new position in The Carlyle Group L.P. during the first quarter valued at $3,908,000. Institutional investors own 45.18% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/08/09/the-carlyle-group-l-p-cg-expected-to-announce-quarterly-sales-of-688-22-million.html.

About The Carlyle Group L.P.

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.

Get a free copy of the Zacks research report on The Carlyle Group L.P. (CG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for The Carlyle Group L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group L.P. and related companies with MarketBeat.com's FREE daily email newsletter.