$580.95 Million in Sales Expected for The Carlyle Group LP (CG) This Quarter
Analysts expect The Carlyle Group LP (NASDAQ:CG) to post sales of $580.95 million for the current quarter, according to Zacks. 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 company is scheduled to announce its next earnings results on Wednesday, August 7th.
On average, analysts expect that The Carlyle Group will report full-year sales of $2.49 billion for the current year, with estimates ranging from $2.23 billion to $2.78 billion. For the next year, analysts forecast that the company will report sales of $3.01 billion, with estimates ranging from $2.81 billion to $3.38 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for The Carlyle Group.
The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.10). The Carlyle Group had a net margin of 7.60% and a return on equity of 6.82%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $487.45 million. During the same period in the previous year, the firm earned $0.47 EPS. The firm’s revenue was up 54.7% on a year-over-year basis.
Shares of NASDAQ CG traded up $0.08 during midday trading on Friday, hitting $20.29. The company had a trading volume of 360,358 shares, compared to its average volume of 618,449. 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 Carlyle Group has a twelve month low of $15.09 and a twelve month high of $25.25. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 7.71 and a beta of 1.70.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Monday, May 13th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Friday, May 10th. The Carlyle Group’s payout ratio is currently 28.90%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley raised its position in The Carlyle Group by 0.3% during the first quarter. Morgan Stanley now owns 9,656,200 shares of the financial services provider’s stock worth $176,516,000 after acquiring an additional 32,700 shares during the last quarter. JPMorgan Chase & Co. raised its position in The Carlyle Group by 18.1% during the third quarter. JPMorgan Chase & Co. now owns 1,802,418 shares of the financial services provider’s stock worth $40,644,000 after acquiring an additional 275,990 shares during the last quarter. Bank of Montreal Can raised its position in The Carlyle Group by 36.8% during the first quarter. Bank of Montreal Can now owns 1,651,100 shares of the financial services provider’s stock worth $30,183,000 after acquiring an additional 444,000 shares during the last quarter. Partners Group Holding AG raised its position in The Carlyle Group by 3.1% during the fourth quarter. Partners Group Holding AG now owns 1,365,703 shares of the financial services provider’s stock worth $21,510,000 after acquiring an additional 41,357 shares during the last quarter. Finally, Markel Corp raised its position in The Carlyle Group by 4.7% during the first quarter. Markel Corp now owns 1,144,000 shares of the financial services provider’s stock worth $20,912,000 after acquiring an additional 51,000 shares during the last quarter. Institutional investors own 43.27% of the company’s stock.
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.
Read More: Conference Calls and Individual Investors
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for The Carlyle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group and related companies with MarketBeat.com's FREE daily email newsletter.