Wall Street analysts expect that The Carlyle Group LP (NASDAQ:CG) will post $510.35 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for The Carlyle Group’s earnings, with estimates ranging from $489.20 million to $531.50 million. The Carlyle Group reported sales of $893.60 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 42.9%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, July 31st.
On average, analysts expect that The Carlyle Group will report full-year sales of $2.20 billion for the current year, with estimates ranging from $2.18 billion to $2.21 billion. For the next financial year, analysts expect that the business will post sales of $2.94 billion, with estimates ranging from $2.86 billion to $3.03 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for The Carlyle Group.
The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.10). The firm 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 9.83%. The business’s revenue was up 54.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 EPS.
CG traded down $0.83 during trading on Friday, hitting $23.85. The stock had a trading volume of 4,840,907 shares, compared to its average volume of 709,947. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 9.07 and a beta of 1.66. The Carlyle Group has a 12 month low of $15.09 and a 12 month high of $25.99. The company has a current ratio of 2.81, a quick ratio of 2.80 and a debt-to-equity ratio of 2.04. The company has a 50 day simple moving average of $23.18.
In related news, insider Pamela L. Bentley sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $19.79, for a total transaction of $197,900.00. Following the completion of the sale, the insider now directly owns 146,962 shares of the company’s stock, valued at $2,908,377.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. grew its holdings in The Carlyle Group by 23.7% during the first quarter. Rockefeller Capital Management L.P. now owns 30,924 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 5,924 shares during the period. Arlington Partners LLC acquired a new position in The Carlyle Group during the second quarter valued at approximately $41,000. SOL Capital Management CO grew its holdings in The Carlyle Group by 9.6% during the first quarter. SOL Capital Management CO now owns 189,600 shares of the financial services provider’s stock valued at $3,466,000 after purchasing an additional 16,600 shares during the period. Allen Investment Management LLC grew its holdings in The Carlyle Group by 1.6% during the first quarter. Allen Investment Management LLC now owns 52,115 shares of the financial services provider’s stock valued at $953,000 after purchasing an additional 843 shares during the period. Finally, Pennsylvania Trust Co grew its holdings in The Carlyle Group by 11.4% during the first quarter. Pennsylvania Trust Co now owns 14,645 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 1,500 shares during the period. 41.16% of the stock is owned by institutional investors and hedge funds.
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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