The Carlyle Group (CG) Earning Somewhat Positive Press Coverage, Report Finds

Press coverage about The Carlyle Group (NASDAQ:CG) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. The Carlyle Group earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.4982031832677 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

A number of equities analysts recently issued reports on CG shares. Zacks Investment Research downgraded The Carlyle Group from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Credit Suisse Group downgraded The Carlyle Group to a “hold” rating in a report on Friday, October 6th. BidaskClub downgraded The Carlyle Group from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Morgan Stanley upped their price target on The Carlyle Group from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 5th. Finally, Oppenheimer reaffirmed a “buy” rating on shares of The Carlyle Group in a report on Tuesday, October 31st. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $24.89.

Shares of The Carlyle Group (NASDAQ CG) traded down $0.10 during midday trading on Wednesday, reaching $25.20. The company’s stock had a trading volume of 373,885 shares, compared to its average volume of 656,904. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.23 and a current ratio of 1.27. The Carlyle Group has a one year low of $15.45 and a one year high of $25.90. The stock has a market capitalization of $2,494.05, a PE ratio of 14.32 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.08. The Carlyle Group had a return on equity of 43.32% and a net margin of 5.43%. The company had revenue of $639.90 million during the quarter, compared to analysts’ expectations of $668.32 million. During the same quarter in the previous year, the business earned $0.66 earnings per share. equities analysts predict that The Carlyle Group will post 3.02 EPS for the current year.

In other news, Director Edward J. Mathias sold 17,133 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $21.21, for a total transaction of $363,390.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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About The Carlyle Group

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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