The Carlyle Group Inc. (NASDAQ:CG - Free Report) - Research analysts at Zacks Research raised their Q1 2024 earnings per share (EPS) estimates for shares of The Carlyle Group in a note issued to investors on Tuesday, April 9th. Zacks Research analyst R. Department now expects that the financial services provider will earn $0.88 per share for the quarter, up from their previous forecast of $0.86. The consensus estimate for The Carlyle Group's current full-year earnings is $3.93 per share. Zacks Research also issued estimates for The Carlyle Group's Q1 2025 earnings at $1.19 EPS.
The Carlyle Group (NASDAQ:CG - Get Free Report) last released its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The firm had revenue of $896.40 million during the quarter, compared to analysts' expectations of $860.68 million. During the same period in the prior year, the company earned $1.01 EPS. The business's quarterly revenue was down 15.4% compared to the same quarter last year.
Several other analysts have also weighed in on the company. TheStreet lowered The Carlyle Group from a "b-" rating to a "c" rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. raised their price objective on shares of The Carlyle Group from $39.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, February 8th. Citigroup upped their target price on shares of The Carlyle Group from $41.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, February 8th. TD Cowen started coverage on The Carlyle Group in a report on Thursday, January 4th. They set a "market perform" rating and a $42.00 price objective on the stock. Finally, Morgan Stanley increased their target price on The Carlyle Group from $34.00 to $40.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $42.00.
Check Out Our Latest Stock Analysis on The Carlyle Group
The Carlyle Group Stock Performance
CG stock traded up $0.29 during trading on Thursday, reaching $47.23. 1,116,660 shares of the stock were exchanged, compared to its average volume of 2,323,417. The Carlyle Group has a twelve month low of $25.20 and a twelve month high of $48.52. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $17.10 billion, a P/E ratio of -27.95, a price-to-earnings-growth ratio of 1.03 and a beta of 1.79. The stock has a 50 day simple moving average of $45.56 and a 200-day simple moving average of $38.40.
Institutional Investors Weigh In On The Carlyle Group
Institutional investors have recently bought and sold shares of the company. AdvisorNet Financial Inc grew its holdings in shares of The Carlyle Group by 125.5% in the 3rd quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 453 shares in the last quarter. CVA Family Office LLC bought a new position in The Carlyle Group in the fourth quarter valued at approximately $35,000. GAMMA Investing LLC acquired a new position in shares of The Carlyle Group during the 4th quarter worth approximately $38,000. Sunbelt Securities Inc. acquired a new position in The Carlyle Group during the first quarter worth $31,000. Finally, Compass Wealth Management LLC bought a new position in shares of The Carlyle Group in the 1st quarter valued at about $57,000. Institutional investors own 55.88% of the company's stock.
Insider Buying and Selling
In other news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the transaction, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 27.00% of the stock is owned by insiders.
The Carlyle Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.96%. The Carlyle Group's dividend payout ratio (DPR) is presently -82.84%.
The Carlyle Group Company Profile
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The Carlyle Group Inc 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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