Oppenheimer Comments on The Carlyle Group LP’s Q3 2019 Earnings (CG)

The Carlyle Group LP (NASDAQ:CG) – Research analysts at Oppenheimer reduced their Q3 2019 earnings per share estimates for shares of The Carlyle Group in a report issued on Wednesday, May 1st, Zacks Investment Research reports. Oppenheimer analyst C. Kotowski now forecasts that the financial services provider will earn $0.46 per share for the quarter, down from their prior forecast of $0.54. Oppenheimer also issued estimates for The Carlyle Group’s Q4 2019 earnings at $0.51 EPS and FY2019 earnings at $1.61 EPS.

Several other equities research analysts also recently commented on CG. BidaskClub downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a report on Monday, February 25th. Canaccord Genuity restated an “average” rating and set a $9.00 price objective on shares of The Carlyle Group in a report on Monday, March 25th. Bank of America downgraded The Carlyle Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $20.00 in a report on Friday, March 29th. CIBC restated a “hold” rating and set a $9.00 price objective on shares of The Carlyle Group in a report on Monday, April 8th. Finally, ValuEngine upgraded The Carlyle Group from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $21.00.

CG traded up $0.35 during trading on Monday, hitting $20.29. The company’s stock had a trading volume of 382,522 shares, compared to its average volume of 612,577. The firm has a market cap of $2.22 billion, a PE ratio of 7.71 and a beta of 1.70. The Carlyle Group has a twelve month low of $15.09 and a twelve month high of $25.25. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.80 and a current ratio of 2.81.

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 the Thomson Reuters’ consensus estimate of $0.35 by ($0.10). The Carlyle Group had a net margin of 7.60% and a return on equity of 6.82%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $487.45 million. During the same period last year, the firm posted $0.47 earnings per share. The Carlyle Group’s quarterly revenue was up 54.7% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Monday, May 13th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.75%. The Carlyle Group’s dividend payout ratio is presently 28.90%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Carret Asset Management LLC lifted its holdings in The Carlyle Group by 4.0% during the 1st quarter. Carret Asset Management LLC now owns 15,700 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 600 shares in the last quarter. JOYN Advisors Inc. lifted its holdings in The Carlyle Group by 5.8% during the 4th quarter. JOYN Advisors Inc. now owns 11,481 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 630 shares in the last quarter. Allen Investment Management LLC lifted its holdings in The Carlyle Group by 1.6% during the 1st quarter. Allen Investment Management LLC now owns 52,115 shares of the financial services provider’s stock worth $953,000 after purchasing an additional 843 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in The Carlyle Group by 7.3% during the 1st quarter. North Star Investment Management Corp. now owns 13,200 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 900 shares in the last quarter. Finally, Garrison Bradford & Associates Inc. lifted its holdings in The Carlyle Group by 6.6% during the 4th quarter. Garrison Bradford & Associates Inc. now owns 16,150 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 1,000 shares in the last quarter. 41.63% of the stock is currently owned by hedge funds and other institutional investors.

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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