The Carlyle Group LP (NASDAQ:CG) – Equities research analysts at Oppenheimer cut their Q1 2019 earnings estimates for The Carlyle Group in a note issued to investors on Monday, January 21st, according to Zacks Investment Research. Oppenheimer analyst L. Rudary now anticipates that the financial services provider will post earnings per share of $0.67 for the quarter, down from their previous forecast of $0.77. Oppenheimer has a “Buy” rating and a $34.00 price objective on the stock. Oppenheimer also issued estimates for The Carlyle Group’s Q2 2019 earnings at $0.64 EPS, Q3 2019 earnings at $0.64 EPS, Q4 2019 earnings at $0.68 EPS and FY2020 earnings at $2.95 EPS.
The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, February 6th. The financial services provider reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.21. The company had revenue of $151.70 million for the quarter, compared to the consensus estimate of $143.99 million. The Carlyle Group had a net margin of 4.56% and a return on equity of 11.99%. During the same quarter last year, the firm posted $1.01 EPS.
CG has been the topic of a number of other research reports. BidaskClub downgraded shares of The Carlyle Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 17th. Morgan Stanley cut shares of The Carlyle Group from an “overweight” rating to an “equal weight” rating and set a $23.00 price target on the stock. in a report on Wednesday, November 14th. ValuEngine cut shares of The Carlyle Group from a “sell” rating to a “strong sell” rating in a report on Thursday, November 15th. Canaccord Genuity restated an “average” rating and issued a $9.50 price target on shares of The Carlyle Group in a report on Tuesday, January 8th. Finally, Zacks Investment Research upgraded shares of The Carlyle Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 14th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $24.04.
NASDAQ CG traded down $0.15 during trading on Wednesday, reaching $18.67. 825,700 shares of the company’s stock traded hands, compared to its average volume of 667,077. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.61 and a current ratio of 0.68. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 7.10 and a beta of 1.69. The Carlyle Group has a 12-month low of $15.09 and a 12-month high of $25.25.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its holdings in shares of The Carlyle Group by 8.2% during the 3rd quarter. Morgan Stanley now owns 8,131,576 shares of the financial services provider’s stock valued at $183,368,000 after purchasing an additional 619,635 shares in the last quarter. Artemis Investment Management LLP increased its holdings in shares of The Carlyle Group by 11.4% during the 3rd quarter. Artemis Investment Management LLP now owns 3,647,420 shares of the financial services provider’s stock valued at $82,338,000 after purchasing an additional 373,658 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of The Carlyle Group by 20.7% during the 3rd quarter. Deutsche Bank AG now owns 1,830,175 shares of the financial services provider’s stock valued at $41,269,000 after purchasing an additional 314,019 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of The Carlyle Group by 18.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,802,418 shares of the financial services provider’s stock valued at $40,644,000 after purchasing an additional 275,990 shares in the last quarter. Finally, Partners Group Holding AG increased its holdings in shares of The Carlyle Group by 3.1% during the 4th quarter. Partners Group Holding AG now owns 1,365,703 shares of the financial services provider’s stock valued at $21,510,000 after purchasing an additional 41,357 shares in the last quarter. Institutional investors and hedge funds own 42.10% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 19th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 9.21%. This is a boost from The Carlyle Group’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, February 15th. The Carlyle Group’s payout ratio is presently 63.88%.
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.