The Carlyle Group (NASDAQ:CG) Announces Earnings Results

The Carlyle Group (NASDAQ:CG) posted its quarterly earnings data on Monday. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08), Zacks reports. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%.

The Carlyle Group Stock Performance

NASDAQ CG traded down $0.26 during trading on Wednesday, reaching $49.32. The company’s stock had a trading volume of 1,456,848 shares, compared to its average volume of 2,099,050. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group has a 12 month low of $36.65 and a 12 month high of $57.50. The firm has a 50 day moving average price of $52.79 and a 200 day moving average price of $48.25. The firm has a market capitalization of $17.64 billion, a price-to-earnings ratio of 169.66, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70.

Analyst Ratings Changes

CG has been the topic of several recent research reports. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, December 8th. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Friday, January 3rd. Oppenheimer boosted their price target on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods increased their price objective on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $54.93.

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.