Zacks Research Brokers Lift Earnings Estimates for The Carlyle Group Inc. (NASDAQ:CG)

The Carlyle Group Inc. (NASDAQ:CG) – Analysts at Zacks Research lifted their Q1 2024 EPS estimates for The Carlyle Group in a note issued to investors on Tuesday, April 9th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $0.88 per share for the quarter, up from their prior estimate of $0.86. The consensus estimate for The Carlyle Group’s current full-year earnings is $3.92 per share. Zacks Research also issued estimates for The Carlyle Group’s Q1 2025 earnings at $1.19 EPS.

A number of other research analysts have also recently commented on the stock. TD Cowen assumed coverage on shares of The Carlyle Group in a research report on Thursday, January 4th. They issued a “market perform” rating and a $42.00 target price on the stock. TheStreet cut shares of The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Barclays increased their price target on shares of The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Citigroup increased their price target on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, JMP Securities increased their price target on shares of The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, The Carlyle Group has an average rating of “Hold” and an average price target of $43.07.

The Carlyle Group Trading Down 3.0 %

Shares of CG opened at $45.79 on Thursday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52. The Carlyle Group has a 12-month low of $25.20 and a 12-month high of $48.52. The firm has a 50-day moving average price of $45.65 and a 200 day moving average price of $38.50. The firm has a market capitalization of $16.58 billion, a P/E ratio of -27.09, a P/E/G ratio of 1.01 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The firm had revenue of $896.40 million during the quarter, compared to analyst estimates of $860.68 million. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The Carlyle Group’s quarterly revenue was down 15.4% on a year-over-year basis.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 annualized dividend and a yield of 3.06%. The Carlyle Group’s dividend payout ratio is currently -82.84%.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were bought at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the purchase, the insider now directly owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On The Carlyle Group

A number of hedge funds have recently modified their holdings of CG. AdvisorNet Financial Inc grew its position in shares of The Carlyle Group by 125.5% during the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 453 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in shares of The Carlyle Group during the first quarter worth approximately $31,000. CVA Family Office LLC purchased a new position in shares of The Carlyle Group during the fourth quarter worth approximately $35,000. GAMMA Investing LLC purchased a new position in The Carlyle Group in the 4th quarter valued at $38,000. Finally, UniSuper Management Pty Ltd purchased a new position in The Carlyle Group in the 2nd quarter valued at $45,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Company Profile

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.