Zacks Research Analysts Decrease Earnings Estimates for The Carlyle Group Inc. (NASDAQ:CG)

The Carlyle Group Inc. (NASDAQ:CG) – Analysts at Zacks Research cut their Q2 2024 earnings per share estimates for shares of The Carlyle Group in a note issued to investors on Thursday, June 27th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $0.87 per share for the quarter, down from their previous estimate of $0.88. The consensus estimate for The Carlyle Group’s current full-year earnings is $3.90 per share. Zacks Research also issued estimates for The Carlyle Group’s Q3 2024 earnings at $0.98 EPS, FY2024 earnings at $3.83 EPS, Q1 2025 earnings at $1.06 EPS, Q2 2025 earnings at $1.02 EPS, Q3 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.05 EPS, FY2025 earnings at $4.30 EPS, Q1 2026 earnings at $1.14 EPS and FY2026 earnings at $4.73 EPS.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.10 million. During the same period in the previous year, the company earned $0.63 EPS. The business’s quarterly revenue was up 35.6% compared to the same quarter last year.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group decreased their price target on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $48.00 price objective (down previously from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. The Goldman Sachs Group cut their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. UBS Group boosted their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, Oppenheimer cut their price objective on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, The Carlyle Group currently has an average rating of “Hold” and a consensus price target of $45.60.

The Carlyle Group Stock Up 1.1 %

Shares of The Carlyle Group stock opened at $40.01 on Monday. The company has a fifty day moving average price of $42.01 and a 200 day moving average price of $42.98. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.53. The Carlyle Group has a twelve month low of $27.13 and a twelve month high of $48.52. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of -22.35, a price-to-earnings-growth ratio of 1.13 and a beta of 1.75.

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.50%. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 127,981 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $36.19, for a total value of $4,631,632.39. Following the completion of the sale, the insider now owns 12,123,705 shares in the company, valued at approximately $438,756,883.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 564,225 shares of company stock worth $20,034,011. 27.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new position in The Carlyle Group in the 3rd quarter valued at $221,000. Envestnet Asset Management Inc. grew its stake in The Carlyle Group by 27.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 308,156 shares of the financial services provider’s stock valued at $9,294,000 after buying an additional 67,236 shares during the last quarter. Invesco Ltd. grew its position in The Carlyle Group by 8.5% in the 3rd quarter. Invesco Ltd. now owns 560,113 shares of the financial services provider’s stock worth $16,893,000 after purchasing an additional 43,989 shares during the last quarter. Mariner LLC grew its position in The Carlyle Group by 5.7% in the 3rd quarter. Mariner LLC now owns 45,009 shares of the financial services provider’s stock worth $1,357,000 after purchasing an additional 2,437 shares during the last quarter. Finally, Stifel Financial Corp grew its position in The Carlyle Group by 36.8% in the 3rd quarter. Stifel Financial Corp now owns 143,667 shares of the financial services provider’s stock worth $4,333,000 after purchasing an additional 38,681 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

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.