Equities research analysts expect The Carlyle Group LP (NASDAQ:CG) to announce sales of $591.45 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for The Carlyle Group’s earnings. The highest sales estimate is $623.40 million and the lowest is $559.50 million. The Carlyle Group posted sales of $702.80 million in the same quarter last year, which suggests a negative year-over-year growth rate of 15.8%. The firm is scheduled to announce its next earnings results before the market opens on Wednesday, May 1st.

According to Zacks, analysts expect that The Carlyle Group will report full year sales of $2.64 billion for the current fiscal year, with estimates ranging from $2.38 billion to $2.98 billion. For the next financial year, analysts forecast that the firm will post sales of $2.98 billion, with estimates ranging from $2.76 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 that provide coverage for The Carlyle Group.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, February 6th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.21. The Carlyle Group had a net margin of 4.56% and a return on equity of 12.27%. The business had revenue of $151.70 million for the quarter, compared to analyst estimates of $143.99 million. During the same period in the previous year, the business posted $1.01 earnings per share.

A number of research firms recently commented on CG. BidaskClub raised shares of The Carlyle Group from a “hold” rating to a “buy” rating in a report on Tuesday. CIBC reissued a “hold” rating and set a $9.00 price objective on shares of The Carlyle Group in a report on Monday, April 8th. Bank of America downgraded shares of The Carlyle Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $20.00 in a report on Friday, March 29th. Canaccord Genuity reissued an “average” rating and set a $9.00 price objective on shares of The Carlyle Group in a report on Monday, March 25th. Finally, ValuEngine raised shares of The Carlyle Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The Carlyle Group currently has an average rating of “Hold” and an average target price of $20.91.

In related news, CFO Curtis L. Buser sold 31,200 shares of the business’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $18.55, for a total transaction of $578,760.00. Following the sale, the chief financial officer now owns 641,909 shares of the company’s stock, valued at $11,907,411.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning boosted its stake in The Carlyle Group by 9.0% during the 1st quarter. Creative Planning now owns 33,798 shares of the financial services provider’s stock valued at $618,000 after acquiring an additional 2,800 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in The Carlyle Group by 94.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 272,281 shares of the financial services provider’s stock valued at $4,977,000 after acquiring an additional 132,543 shares during the last quarter. Pennsylvania Trust Co boosted its stake in The Carlyle Group by 11.4% during the 1st quarter. Pennsylvania Trust Co now owns 14,645 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 1,500 shares during the last quarter. LGT Capital Partners LTD. boosted its stake in The Carlyle Group by 22.7% during the 1st quarter. LGT Capital Partners LTD. now owns 405,000 shares of the financial services provider’s stock valued at $7,403,000 after acquiring an additional 75,000 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its stake 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 valued at $241,000 after acquiring an additional 900 shares during the last quarter. 44.62% of the stock is currently owned by institutional investors.

Shares of The Carlyle Group stock opened at $20.93 on Thursday. The Carlyle Group has a 52-week low of $15.09 and a 52-week high of $25.25. The company has a current ratio of 2.54, a quick ratio of 2.52 and a debt-to-equity ratio of 2.61. The stock has a market cap of $2.29 billion, a PE ratio of 7.96 and a beta of 1.65.

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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