The Carlyle Group Inc. to Post Fiscal 2021 Earnings of $ 2.33 Per Share, Piper Sandler Forecast (NASDAQ: CG)


The Carlyle Group Inc. (NASDAQ: CG) – Piper Sandler analysts lifted their FY2021 EPS estimates for shares of The Carlyle Group in a report released on Monday, July 12. Piper Sandler analyst S. Mody now predicts the financial services provider will post earnings of $ 2.33 per share for the year, up from its previous forecast of $ 2.30. The Carlyle Group (NASDAQ: CG) last announced its results on Thursday, April 29. The financial services provider reported earnings per share (EPS) of $ 0.58 for the quarter, beating analysts’ consensus estimates of $ 0.54 by $ 0.04. The company posted revenue of $ 612.50 million for the quarter, compared to analysts’ estimates of $ 595.12 million. The Carlyle Group had a net margin of 53.69% and a return on equity of 28.22%. The company’s revenue for the quarter increased 5.4% from the same quarter last year. During the same period last year, the company posted earnings per share of $ 0.48.

A number of other brokerages have also published reports on CG. Zacks investment research Upgraded The Carlyle Group shares from a “hold” rating to a “buy” rating and set a target price of $ 49.00 per share in a research report on Tuesday, May 4. Citigroup raised its price target for The Carlyle Group shares from $ 51.50 to $ 54.50 and gave the company a “buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft raised its price target for The Carlyle Group shares from $ 45 to $ 51.00 and gave the company a “conservation” rating in a research report on Monday. They noted that the move was an appraisal call. raised its price target for The Carlyle Group shares from $ 49.50 to $ 51.50 and gave the company a “buy” rating in a research report released on Wednesday, June 16. Finally, TD Securities lowered its price target for The Carlyle Group shares from $ 15.50 to $ 10.00 and set a “hold” rating on the share in a research report released on Wednesday, May 12. . Three research analysts rated the stock with a conservation rating and seven gave the company’s stock a buy rating. The company currently has an average rating of “Buy” and an average price target of $ 38.67.

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Actions of CG open at $ 48.00 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt ratio of 1.99. The stock has a market cap of $ 17.02 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 1.02 and a beta of 1.40. The company’s 50-day simple moving average is $ 44.56. The Carlyle Group has a 12-month low of $ 23.48 and a 12-month high of $ 48.44.

A number of hedge funds have recently changed their positions in the title. Evolution Wealth Advisors LLC increased its stake in The Carlyle Group by 37.7% in the 1st quarter. Evolution Wealth Advisors LLC now owns 1,005 shares of the financial services provider valued at $ 37,000 after purchasing 275 more shares in the last quarter. Personal Capital Advisors Corp increased its stake in The Carlyle Group by 3.0% in the 4th quarter. Personal Capital Advisors Corp now owns 10,300 shares of the financial services provider valued at $ 324,000 after purchasing an additional 300 shares in the last quarter. IFP Advisors Inc increased its stake in The Carlyle Group by 0.6% in the 1st quarter. IFP Advisors Inc now owns 46,992 shares of the financial services provider valued at $ 1,727,000 after purchasing an additional 302 shares in the last quarter. Raymond James Trust NA increased its stake in The Carlyle Group by 4.3% in the 1st quarter. Raymond James Trust NA now owns 10,207 shares of the financial services provider valued at $ 375,000 after purchasing an additional 420 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. increased its stake in The Carlyle Group shares by 3.5% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 12,770 shares of the financial services provider valued at $ 401,000 after acquiring 430 additional shares in the last quarter. 36.50% of the shares are held by hedge funds and other institutional investors.

Meanwhile, CEO Kewsong Lee sold 2,639 Carlyle Group shares in a trade on Monday, May 3. The stock was sold for an average price of $ 43.49, for a total trade of $ 114,770.11. The transaction was disclosed in a file with the Securities & Exchange Commission, which can be accessed via the SEC website. In addition, director David M. Rubenstein sold 2,000,000 shares of The Carlyle Group in a transaction on Tuesday, May 18. The stock was sold for an average price of $ 41.76, for a total value of $ 83,520,000.00. As a result of the transaction, the Director now directly owns 37,249,644 shares of the company, valued at approximately $ 1,555,545,133.44. Disclosure of this sale can be found here. Insiders have sold a total of 2,205,948 shares of the company valued at $ 94,414,767 in the past 90 days. Insiders own 36.30% of the shares of the company.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 19. Shareholders of record on Tuesday, May 11, received a dividend of $ 0.25 per share. The ex-dividend date of this dividend was Monday May 10. This represents an annualized dividend of $ 1.00 and a dividend yield of 2.08%. The Carlyle Group payout ratio is currently 48.78%.

The Carlyle Group Company Profile

The Carlyle Group Inc is an investment company specializing in direct investments and funds of funds. Within Direct Investments, he specializes in management-led / leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, struggling global opportunities and enterprises, small and medium markets, private equity placements, consolidations and accumulations, senior debt, leveraged finance and venture capital and development capital finance, seed / start-up, early-stage business, emerging growth, turnaround, intermediate company, late company, PIPES

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History and earnings estimates for The Carlyle Group (NASDAQ: CG)

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