Analysts Offer Predictions for The Carlyle Group Inc.’s Q2 2024 Earnings (NASDAQ:CG)

The Carlyle Group Inc. (NASDAQ:CG) – Investment analysts at Zacks Research dropped their Q2 2024 EPS estimates for shares of The Carlyle Group in a research note issued to investors on Thursday, June 27th. Zacks Research analyst R. Department now expects that the financial services provider will earn $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 issued its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The Carlyle Group’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 earnings per share.

A number of other equities research analysts also recently issued reports on the company. Oppenheimer decreased their price objective on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $48.00 price target (down previously from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. TD Cowen dropped their price objective on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. UBS Group raised their target price 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, Barclays cut their price target on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.60.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $39.58 on Monday. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.53. The company has a market cap of $14.24 billion, a price-to-earnings ratio of -22.11, a PEG ratio of 1.13 and a beta of 1.75. The Carlyle Group has a 1 year low of $27.13 and a 1 year high of $48.52. The stock’s 50 day simple moving average is $42.14 and its two-hundred day simple moving average is $42.99.

Institutional Trading of The Carlyle Group

Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in The Carlyle Group in the 4th quarter worth about $130,771,000. Capital International Investors purchased a new stake in shares of The Carlyle Group during the first quarter worth approximately $142,511,000. Boston Partners purchased a new position in The Carlyle Group in the 1st quarter valued at $109,122,000. Vanguard Group Inc. boosted its stake in The Carlyle Group by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after purchasing an additional 1,756,189 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of The Carlyle Group by 194.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock worth $105,540,000 after buying an additional 1,712,133 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling 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 dated Friday, June 14th. The stock was sold at an average price of $36.19, for a total transaction of $4,631,632.39. Following the sale, the insider now directly owns 12,123,705 shares of the company’s stock, valued at approximately $438,756,883.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 564,225 shares of company stock worth $20,034,011. 27.20% of the stock is currently owned by insiders.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.54%. The Carlyle Group’s payout ratio is currently -78.21%.

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.