Analyst-reduced FY2022 EPS estimates for The Carlyle Group Inc. (NASDAQ:CG)

The Carlyle Group Inc. (NASDAQ:CG – Get Rating) – Oppenheimer investment analysts cut their earnings per share (EPS) estimates for fiscal 2022 for The Carlyle Group in a report released Wednesday, July 13. Oppenheimer analyst C. Kotowski now expects the financial services provider to post earnings per share of $4.09 for the year, down from its previous forecast of $4.33. The consensus estimate for The Carlyle Group’s current annual earnings is $4.13 per share.

A number of other research companies have also weighed in on CG recently. Morgan Stanley lowered its price target on The Carlyle Group from $59.00 to $54.00 and set an “equal weight” rating on the stock in a Wednesday, April 20 report. Deutsche Bank Aktiengesellschaft lowered its price target on Carlyle Group from $64.00 to $56.00 and placed a “buy” rating on the stock in a report on Wednesday. StockNews.com downgraded The Carlyle Group from a “held” rating to a “sell” rating in a Wednesday, May 4, report. Goldman Sachs Group cut its price target on shares of The Carlyle Group from $58.00 to $48.00 and set a “buy” rating for the company in a Wednesday, June 29 research note. Finally, BMO Capital Markets cut its target price on shares of The Carlyle Group from $69.00 to $60.00 in a Friday, April 29 research note. One financial analyst has assigned the stock a sell rating, three have issued a hold rating and seven have assigned the company’s stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.11.

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The NASDAQ CG opened at $31.23 on Thursday. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt ratio of 1.25. The stock’s 50-day moving average is $35.26 and its two-hundred-day moving average is $42.81. The company has a market capitalization of $11.29 billion, a price-earnings ratio of 4.25, a PEG ratio of 0.32 and a beta of 1.59. The Carlyle Group has a 1-year low of $30.41 and a 1-year high of $60.62. The Carlyle Group (NASDAQ:CG – Get Rating) last released its results on Thursday, April 28. The financial services provider reported earnings per share of $0.74 for the quarter, missing analyst consensus estimates of $0.98 per ($0.24). The company posted revenue of $779.50 million for the quarter, against analyst estimates of $1.06 billion. The Carlyle Group had a return on equity of 41.54% and a net margin of 33.77%. The company’s quarterly revenue increased by 27.3% compared to the same quarter last year. In the same period last year, the company earned $0.58 per share.

Institutional investors have recently changed their stake in the company. Westside Investment Management Inc. bought a new stake in shares of The Carlyle Group during Q1 for $28,000. Burleson & Company LLC acquired a new stock position in The Carlyle Group in Q1 worth $29,000. CVA Family Office LLC increased its equity stake in The Carlyle Group by 257.1% in Q1. CVA Family Office LLC now owns 625 shares of the financial services provider valued at $31,000 after purchasing an additional 450 shares during the period. Ellevest Inc. increased its holdings of The Carlyle Group shares by 495.2% in the fourth quarter. Ellevest Inc. now owns 619 shares of the financial services provider valued at $34,000 after purchasing an additional 515 shares during the period. Finally, Parkside Investments LLC acquired a new position in shares of The Carlyle Group in Q1 worth $48,000. Institutional investors hold 93.84% of the company’s shares.

Separately, director David M. Rubenstein sold 2,000,000 shares of the company in a transaction that took place on Monday, June 6. The shares were sold at an average price of $38.67, for a total value of $77,340,000.00. Following completion of the transaction, the administrator now owns 29,249,644 shares of the company, valued at approximately $1,131,083,733.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Insiders hold 29.80% of the shares of the company.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17. Investors of record on Tuesday, May 10 received a dividend of $0.325. This represents an annualized dividend of $1.30 and a yield of 4.16%. The ex-dividend date was Monday, May 9. This is a boost from The Carlyle Group’s previous quarterly dividend of $0.25. The Carlyle Group payout ratio is 17.69%.

Carlyle Group Company Profile (Get an assessment)

The Carlyle Group Inc is an investment company specializing in direct investments and funds of funds. Within direct investments, she specializes in management led/leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and medium-sized enterprises market, private equity placements, consolidations and accumulations, senior debt, mezzanine and leveraged financing and venture capital and growth capital financings, seed/start-up, business start-up , emerging growth, turnaround, middle business, late business, PIPES.

Further reading

Earnings history and estimates for The Carlyle Group (NASDAQ:CG)

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