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

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

The Carlyle Group Trading Down 0.8 %

The Carlyle Group stock traded down $0.40 during mid-day trading on Wednesday, reaching $49.18. 806,347 shares of the company traded hands, compared to its average volume of 2,072,770. The firm has a market capitalization of $17.59 billion, a price-to-earnings ratio of 169.86, a P/E/G ratio of 0.92 and a beta of 1.70. The firm’s 50 day moving average price is $52.79 and its 200 day moving average price is $48.25. The Carlyle Group has a 52-week low of $36.65 and a 52-week high of $57.50. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32.

Analyst Ratings Changes

CG has been the subject of a number of 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. Wells Fargo & Company decreased their price target on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday. Oppenheimer lifted their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods boosted their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Finally, Evercore ISI lifted their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.