Analysts forecast that The Carlyle Group LP (NASDAQ:CG) will announce $580.95 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for The Carlyle Group’s earnings, with the lowest sales estimate coming in at $543.80 million and the highest estimate coming in at $618.10 million. The Carlyle Group reported sales of $893.60 million during the same quarter last year, which would suggest a negative year over year growth rate of 35%. The firm is expected to issue its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that The Carlyle Group will report full year sales of $2.55 billion for the current fiscal year, with estimates ranging from $2.23 billion to $2.98 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.02 billion, with estimates ranging from $2.81 billion to $3.39 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover The Carlyle Group.
The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.10). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $487.45 million. The Carlyle Group had a return on equity of 6.82% and a net margin of 7.60%. The Carlyle Group’s quarterly revenue was up 54.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share.
Shares of CG traded up $0.09 on Wednesday, reaching $24.38. The stock had a trading volume of 112,206 shares, compared to its average volume of 637,214. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 9.30 and a beta of 1.66. The company has a quick ratio of 2.80, a current ratio of 2.81 and a debt-to-equity ratio of 2.04. The company’s 50-day moving average price is $21.68. The Carlyle Group has a 12-month low of $15.09 and a 12-month high of $25.25.
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 value of $197,900.00. Following the sale, the insider now owns 146,962 shares of the company’s stock, valued at approximately $2,908,377.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Institutional investors and hedge funds have recently bought and sold shares of the company. Arlington Partners LLC bought a new stake in The Carlyle Group during the second quarter worth $41,000. Cordasco Financial Network purchased a new stake in The Carlyle Group during the 1st quarter worth about $41,000. BigSur Wealth Management LLC purchased a new stake in The Carlyle Group during the 2nd quarter worth about $231,000. Stockman Wealth Management Inc. purchased a new stake in The Carlyle Group during the 1st quarter worth about $183,000. Finally, Suntrust Banks Inc. lifted its holdings in The Carlyle Group by 18.7% during the 4th quarter. Suntrust Banks Inc. now owns 11,227 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,770 shares in the last quarter. 41.53% of the stock is currently owned by institutional investors and hedge funds.
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.
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