The Carlyle Group (NASDAQ:CG) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

The Carlyle Group (NASDAQ:CG) released its quarterly earnings data on Wednesday. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.92 by $0.09, Briefing.com reports. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. During the same period last year, the company earned $0.63 EPS. The Carlyle Group’s revenue for the quarter was up 35.6% on a year-over-year basis.

The Carlyle Group Trading Down 1.3 %

CG stock traded down $0.54 during midday trading on Thursday, reaching $40.43. The company’s stock had a trading volume of 1,646,534 shares, compared to its average volume of 2,278,664. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27. The stock has a fifty day simple moving average of $45.91 and a two-hundred day simple moving average of $39.93. The Carlyle Group has a 1 year low of $25.20 and a 1 year high of $48.52. The firm has a market capitalization of $14.64 billion, a price-to-earnings ratio of -24.01, a PEG ratio of 0.95 and a beta of 1.77.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 annualized dividend and a yield of 3.46%. The Carlyle Group’s payout ratio is presently -82.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CG shares. Morgan Stanley boosted their price target on The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. TheStreet downgraded The Carlyle Group from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. boosted their price target 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. Citigroup boosted their price target on The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group lowered their price objective on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $44.63.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. bought 190,000 shares of The Carlyle Group stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the purchase, the insider now directly owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 27.20% of the company’s stock.

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.