The Carlyle Group (CG) Expected to Announce Earnings on Wednesday

The Carlyle Group (NASDAQ:CG - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.03 per share and revenue of $1.01 billion for the quarter. Investors interested in listening to the company's conference call can do so using this link.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business had revenue of $895.00 million for the quarter, compared to analysts' expectations of $908.17 million. During the same quarter last year, the company earned $0.87 EPS. The business's revenue was up 15.2% on a year-over-year basis. On average, analysts expect The Carlyle Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

The Carlyle Group Price Performance

Shares of NASDAQ:CG traded down $0.15 during trading on Friday, reaching $56.16. 1,453,519 shares of the company's stock traded hands, compared to its average volume of 1,717,021. The firm has a market cap of $20.09 billion, a PE ratio of 193.66, a P/E/G ratio of 0.99 and a beta of 1.69. The Carlyle Group has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The company has a 50-day simple moving average of $52.93 and a 200-day simple moving average of $47.94.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CG shares. StockNews.com lowered The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Sunday, December 8th. Morgan Stanley increased their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. Evercore ISI boosted their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an "in-line" rating in a research report on Monday, October 14th. JMP Securities reiterated a "market outperform" rating and issued a $60.00 price objective on shares of The Carlyle Group in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods boosted their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $54.44.

Insider Buying and Selling at The Carlyle Group

In related news, Director Daniel A. D'aniello sold 495,542 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the sale, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.20% of the stock is currently owned by corporate insiders.

About The Carlyle Group

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.