The Carlyle Group LP (NASDAQ:CG) – Equities research analysts at Oppenheimer dropped their FY2019 EPS estimates for shares of The Carlyle Group in a note issued to investors on Tuesday, January 14th. Oppenheimer analyst C. Kotowski now forecasts that the financial services provider will post earnings of $1.67 per share for the year, down from their previous estimate of $1.71. Oppenheimer currently has a “Buy” rating and a $35.00 target price on the stock. Oppenheimer also issued estimates for The Carlyle Group’s Q4 2019 earnings at $0.44 EPS, Q1 2020 earnings at $0.51 EPS, Q2 2020 earnings at $0.51 EPS and FY2020 earnings at $2.34 EPS.
The Carlyle Group (NASDAQ:CG) last announced its earnings results on Thursday, October 31st. The financial services provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $527.80 million during the quarter, compared to the consensus estimate of $514.55 million. The Carlyle Group had a net margin of 16.19% and a return on equity of 4.48%. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 earnings per share.
Other analysts also recently issued research reports about the stock. Bank of America increased their target price on shares of The Carlyle Group from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Barclays set a $28.00 price objective on shares of The Carlyle Group and gave the stock a “hold” rating in a report on Friday, November 1st. BMO Capital Markets started coverage on shares of The Carlyle Group in a report on Monday, October 7th. They set a “market perform” rating and a $23.00 price objective for the company. Deutsche Bank raised their price objective on shares of The Carlyle Group from $30.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Finally, Zacks Investment Research downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $24.75.
Shares of CG stock opened at $33.28 on Friday. The firm has a 50-day moving average of $30.83 and a 200-day moving average of $26.55. The company has a market cap of $3.86 billion, a P/E ratio of 11.84 and a beta of 1.74. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.90 and a quick ratio of 2.90. The Carlyle Group has a one year low of $17.33 and a one year high of $33.31.
A number of hedge funds and other institutional investors have recently bought and sold shares of CG. AE Wealth Management LLC bought a new position in The Carlyle Group during the third quarter worth about $243,000. SRS Capital Advisors Inc. boosted its position in The Carlyle Group by 30.7% during the third quarter. SRS Capital Advisors Inc. now owns 4,000 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 939 shares during the period. LGT Capital Partners LTD. boosted its position in The Carlyle Group by 20.0% during the third quarter. LGT Capital Partners LTD. now owns 510,000 shares of the financial services provider’s stock worth $13,036,000 after purchasing an additional 85,000 shares during the period. California Public Employees Retirement System boosted its position in The Carlyle Group by 66.0% during the third quarter. California Public Employees Retirement System now owns 239,404 shares of the financial services provider’s stock worth $6,119,000 after purchasing an additional 95,193 shares during the period. Finally, Stifel Financial Corp boosted its position in The Carlyle Group by 10.9% during the third quarter. Stifel Financial Corp now owns 158,279 shares of the financial services provider’s stock worth $4,049,000 after purchasing an additional 15,494 shares during the period. Institutional investors and hedge funds own 48.38% 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.