The Carlyle Group LP (NASDAQ:CG) – Investment analysts at Jefferies Financial Group cut their Q2 2019 earnings estimates for The Carlyle Group in a report issued on Monday, July 1st, Zacks Investment Research reports. Jefferies Financial Group analyst G. O’hara now expects that the financial services provider will post earnings of $0.32 per share for the quarter, down from their previous forecast of $0.39. Jefferies Financial Group also issued estimates for The Carlyle Group’s FY2019 earnings at $1.57 EPS and FY2020 earnings at $2.46 EPS.
A number of other equities analysts also recently commented on CG. CIBC restated a “hold” rating and issued a $12.00 price objective on shares of Pretium Resources in a report on Monday, April 8th. Credit Suisse Group reduced their price objective on shares of Athene from $67.00 to $57.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 21st. TheStreet cut shares of Trade Desk from a “b-” rating to a “c-” rating in a research report on Thursday, May 9th. Bank of America raised shares of Church & Dwight from an “underperform” rating to a “neutral” rating and set a $75.00 price target on the stock in a research report on Friday, March 29th. Finally, ValuEngine raised shares of Yirendai from a “strong sell” rating to a “sell” rating in a research report on Friday, May 3rd. Eight equities research 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 “Hold” and an average target price of $19.83.
Shares of The Carlyle Group stock traded up $0.84 during trading hours on Tuesday, reaching $24.84. The stock had a trading volume of 1,260,909 shares, compared to its average volume of 667,028. The business’s 50 day simple moving average is $22.68. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 9.44 and a beta of 1.66. The company has a debt-to-equity ratio of 2.04, a current ratio of 2.81 and a quick ratio of 2.80. The Carlyle Group has a 1 year low of $15.09 and a 1 year high of $25.25.
The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $487.45 million. The Carlyle Group had a return on equity of 6.82% and a net margin of 9.83%. The firm’s quarterly revenue was up 54.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cordasco Financial Network bought a new stake in shares of The Carlyle Group during the 1st quarter valued at about $41,000. Arlington Partners LLC bought a new position in The Carlyle Group in the 2nd quarter valued at $41,000. JOYN Advisors Inc. boosted its position in The Carlyle Group by 5.8% in the 4th quarter. JOYN Advisors Inc. now owns 11,481 shares of the financial services provider’s stock valued at $181,000 after buying an additional 630 shares during the last quarter. Suntrust Banks Inc. boosted its position in The Carlyle Group by 18.7% in the 4th quarter. Suntrust Banks Inc. now owns 11,227 shares of the financial services provider’s stock valued at $183,000 after buying an additional 1,770 shares during the last quarter. Finally, Stockman Wealth Management Inc. bought a new position in The Carlyle Group in the 1st quarter valued at $183,000. Institutional investors own 41.43% of the company’s stock.
In other news, insider Pamela L. Bentley sold 10,000 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $19.79, for a total transaction of $197,900.00. Following the transaction, the insider now owns 146,962 shares in the company, valued at $2,908,377.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
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.