Equities research analysts expect that The Carlyle Group LP (NASDAQ:CG) will post earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for The Carlyle Group’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.31. The Carlyle Group posted earnings per share of $0.47 in the same quarter last year, which suggests a negative year-over-year growth rate of 19.1%. The business is expected to announce its next earnings report before the market opens on Wednesday, May 1st.

According to Zacks, analysts expect that The Carlyle Group will report full-year earnings of $1.96 per share for the current year, with EPS estimates ranging from $1.66 to $2.18. For the next year, analysts anticipate that the business will post earnings of $2.55 per share, with EPS estimates ranging from $1.71 to $3.32. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover The Carlyle Group.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, February 6th. The financial services provider reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.21. The Carlyle Group had a return on equity of 12.27% and a net margin of 4.56%. The company had revenue of $151.70 million for the quarter, compared to analysts’ expectations of $143.99 million. During the same quarter last year, the business earned $1.01 earnings per share.

A number of research analysts have issued reports on the company. BidaskClub upgraded The Carlyle Group from a “hold” rating to a “buy” rating in a research report on Tuesday. CIBC reiterated a “hold” rating and issued a $9.00 target price on shares of The Carlyle Group in a research report on Monday, April 8th. Bank of America cut The Carlyle Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $20.00 in a research report on Friday, March 29th. Canaccord Genuity reiterated an “average” rating and issued a $9.00 target price on shares of The Carlyle Group in a research report on Monday, March 25th. Finally, ValuEngine upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $20.91.

The Carlyle Group stock traded up $0.22 during midday trading on Tuesday, reaching $21.11. The company’s stock had a trading volume of 1,251,617 shares, compared to its average volume of 568,583. The Carlyle Group has a 52 week low of $15.09 and a 52 week high of $25.25. The company has a quick ratio of 2.52, a current ratio of 2.54 and a debt-to-equity ratio of 2.61. The stock has a market cap of $2.28 billion, a PE ratio of 8.03 and a beta of 1.65.

In other news, CFO Curtis L. Buser sold 31,200 shares of The Carlyle Group stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $18.55, for a total transaction of $578,760.00. Following the sale, the chief financial officer now directly owns 641,909 shares of the company’s stock, valued at $11,907,411.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Several hedge funds have recently made changes to their positions in the company. JOYN Advisors Inc. lifted its stake in shares of The Carlyle Group by 5.8% in the fourth quarter. JOYN Advisors Inc. now owns 11,481 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 630 shares during the period. North Star Investment Management Corp. lifted its stake in shares of The Carlyle Group by 7.3% in the first quarter. North Star Investment Management Corp. now owns 13,200 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 900 shares during the period. Garrison Bradford & Associates Inc. lifted its stake in shares of The Carlyle Group by 6.6% in the fourth quarter. Garrison Bradford & Associates Inc. now owns 16,150 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 1,000 shares during the period. Palo Capital Inc. lifted its stake in shares of The Carlyle Group by 11.4% in the third quarter. Palo Capital Inc. now owns 11,200 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 1,150 shares during the period. Finally, Pennsylvania Trust Co lifted its stake in shares of The Carlyle Group by 10.6% in the fourth quarter. Pennsylvania Trust Co now owns 13,145 shares of the financial services provider’s stock worth $207,000 after acquiring an additional 1,260 shares during the period. 44.62% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Company Profile

The Carlyle Group L.P. 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.

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Earnings History and Estimates for The Carlyle Group (NASDAQ:CG)

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