The Carlyle Group LP Expected to Post Q4 2018 Earnings of $0.69 Per Share (CG)

The Carlyle Group LP (NASDAQ:CG) – Equities researchers at Oppenheimer lowered their Q4 2018 EPS estimates for The Carlyle Group in a research note issued on Wednesday, October 31st. Oppenheimer analyst L. Rudary now forecasts that the financial services provider will post earnings of $0.69 per share for the quarter, down from their prior estimate of $0.74. Oppenheimer currently has a “Buy” rating and a $34.00 target price on the stock. Oppenheimer also issued estimates for The Carlyle Group’s Q1 2019 earnings at $0.77 EPS, Q2 2019 earnings at $0.74 EPS, Q3 2019 earnings at $0.74 EPS, Q4 2019 earnings at $0.78 EPS, FY2019 earnings at $3.03 EPS and FY2020 earnings at $3.11 EPS.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, October 31st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.24). The firm had revenue of $679.10 million during the quarter, compared to analysts’ expectations of $660.04 million. The Carlyle Group had a return on equity of 26.30% and a net margin of 5.47%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share.

Other research analysts have also recently issued reports about the stock. Citigroup boosted their price objective on shares of The Carlyle Group from $29.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Zacks Investment Research lowered shares of The Carlyle Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. Deutsche Bank cut their target price on shares of The Carlyle Group from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, October 11th. BidaskClub lowered shares of The Carlyle Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Morgan Stanley cut their target price on shares of The Carlyle Group from $31.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, July 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $29.00.

CG opened at $20.13 on Monday. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.68 and a quick ratio of 0.61. The Carlyle Group has a twelve month low of $18.06 and a twelve month high of $25.90. The company has a market cap of $2.18 billion, a PE ratio of 5.80 and a beta of 1.65.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 13th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 8.35%. This is a positive change from The Carlyle Group’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, November 9th. The Carlyle Group’s payout ratio is 25.36%.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates boosted its position in shares of The Carlyle Group by 0.9% in the second quarter. Raymond James & Associates now owns 273,104 shares of the financial services provider’s stock worth $5,817,000 after purchasing an additional 2,456 shares during the period. Prospera Financial Services Inc lifted its holdings in shares of The Carlyle Group by 9.1% in the third quarter. Prospera Financial Services Inc now owns 31,226 shares of the financial services provider’s stock worth $666,000 after buying an additional 2,615 shares in the last quarter. SOL Capital Management CO lifted its holdings in shares of The Carlyle Group by 2.0% in the second quarter. SOL Capital Management CO now owns 164,500 shares of the financial services provider’s stock worth $3,504,000 after buying an additional 3,200 shares in the last quarter. E&G Advisors LP lifted its holdings in shares of The Carlyle Group by 14.8% in the third quarter. E&G Advisors LP now owns 30,990 shares of the financial services provider’s stock worth $699,000 after buying an additional 4,000 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware lifted its holdings in shares of The Carlyle Group by 5.5% in the second quarter. Mckinley Capital Management LLC Delaware now owns 80,273 shares of the financial services provider’s stock worth $1,709,000 after buying an additional 4,181 shares in the last quarter. Institutional investors and hedge funds own 39.94% of the company’s stock.

About The Carlyle Group

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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