The Carlyle Group (CG) Set to Announce Earnings on Thursday

The Carlyle Group (NASDAQ:CG - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect The Carlyle Group to post earnings of $0.93 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The business's revenue was up 131.5% compared to the same quarter last year. During the same period last year, the company posted $0.88 earnings per share. On average, analysts expect The Carlyle Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

The Carlyle Group Stock Performance

Shares of CG stock traded down $1.06 on Thursday, reaching $50.03. The stock had a trading volume of 2,631,602 shares, compared to its average volume of 2,309,772. The Carlyle Group has a 12 month low of $27.13 and a 12 month high of $52.73. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $18.00 billion, a price-to-earnings ratio of -27.95, a P/E/G ratio of 1.25 and a beta of 1.73. The firm's 50-day moving average is $44.08 and its two-hundred day moving average is $43.14.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Oppenheimer upped their price target on shares of The Carlyle Group from $64.00 to $78.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. UBS Group boosted their price target on The Carlyle Group from $43.00 to $54.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. TD Cowen upped their target price on The Carlyle Group from $41.00 to $42.00 and gave the company a "hold" rating in a research report on Tuesday, August 6th. Wells Fargo & Company raised their price target on The Carlyle Group from $42.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley increased their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $51.33.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 118,172 shares of the firm's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $40.37, for a total value of $4,770,603.64. Following the completion of the sale, the insider now directly owns 8,606,174 shares in the company, valued at approximately $347,431,244.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 2,041,833 shares of company stock valued at $18,714,869 in the last ninety days. 27.20% of the stock is owned by company insiders.

The Carlyle Group Company Profile

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.