The Carlyle Group (NASDAQ:CG) Announces Earnings Results, Misses Expectations By $0.08 EPS

The Carlyle Group (NASDAQ:CG) posted its earnings results 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 Trading Down 0.7 %

CG traded down $0.37 during mid-day trading on Wednesday, hitting $49.22. The stock had a trading volume of 1,347,525 shares, compared to its average volume of 2,095,881. The stock’s fifty day simple moving average is $52.79 and its 200-day simple moving average is $48.25. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a market capitalization of $17.60 billion, a price-to-earnings ratio of 169.45, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70. The Carlyle Group has a 1-year low of $36.65 and a 1-year high of $57.50.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods upped their price objective on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Barclays lowered their target price on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday. TD Cowen increased their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. UBS Group increased their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Oppenheimer increased their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.93.

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.