The Carlyle Group (NASDAQ:CG) Issues Quarterly Earnings Results

The Carlyle Group (NASDAQ:CG) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09, Briefing.com reports. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $41.06 on Friday. The stock’s 50 day moving average price is $45.75 and its two-hundred day moving average price is $40.02. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.27 and a current ratio of 2.53. The Carlyle Group has a 52-week low of $25.20 and a 52-week high of $48.52.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.41%. The Carlyle Group’s payout ratio is currently -78.21%.

Wall Street Analyst Weigh In

CG has been the subject of several research analyst reports. The Goldman Sachs Group lowered their target price on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday. TD Cowen decreased their target price on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday. Oppenheimer cut their price objective on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday. TheStreet downgraded The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. upped their price objective on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.25.

Insider Activity

In related news, major shareholder Carlyle Group Inc. purchased 190,000 shares of The Carlyle Group stock in a transaction on Thursday, February 8th. The stock was acquired at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the acquisition, the insider now owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 27.20% of the stock is currently owned by company insiders.

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.