The Carlyle Group L.P. (NASDAQ:CG) is set to post its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect The Carlyle Group L.P. to post earnings of $0.46 per share for the quarter.
The Carlyle Group L.P. (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.37. The business had revenue of $908.40 million for the quarter, compared to analysts’ expectations of $696.36 million. The Carlyle Group L.P. had a return on equity of 41.32% and a net margin of 4.13%. During the same quarter last year, the business earned $0.35 earnings per share. On average, analysts expect The Carlyle Group L.P. to post $2.83 EPS for the current fiscal year and $2.48 EPS for the next fiscal year.
The Carlyle Group L.P. (NASDAQ CG) opened at 22.40 on Monday. The Carlyle Group L.P. has a 12-month low of $14.45 and a 12-month high of $24.85. The company has a 50-day moving average price of $23.59 and a 200 day moving average price of $20.27. The company has a market cap of $2.04 billion, a PE ratio of 52.46 and a beta of 1.84.
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In other news, insider Pamela L. Bentley sold 17,760 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $377,400.00. Following the transaction, the insider now directly owns 143,942 shares of the company’s stock, valued at approximately $3,058,767.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Jeffrey W. Ferguson sold 16,692 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $354,705.00. Following the completion of the transaction, the general counsel now directly owns 161,956 shares in the company, valued at $3,441,565. The disclosure for this sale can be found here. Insiders sold a total of 62,013 shares of company stock worth $1,317,776 in the last quarter.
CG has been the topic of a number of research reports. TheStreet lowered The Carlyle Group L.P. from a “c-” rating to a “d+” rating in a research report on Thursday, September 7th. BidaskClub lowered The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. ValuEngine lowered The Carlyle Group L.P. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 7th. Credit Suisse Group restated a “buy” rating and set a $26.00 price objective on shares of The Carlyle Group L.P. in a research report on Friday, September 22nd. Finally, Zacks Investment Research lowered The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $24.75.
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.
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