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

The Carlyle Group (NASDAQ:CG) announced its quarterly earnings results on Monday. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate 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 Stock Performance

Shares of CG traded down $0.42 during mid-day trading on Wednesday, hitting $49.16. 1,299,407 shares of the company traded hands, compared to its average volume of 2,092,909. The Carlyle Group has a 1 year low of $36.65 and a 1 year high of $57.50. The stock has a market cap of $17.58 billion, a price-to-earnings ratio of 169.53, a P/E/G ratio of 0.92 and a beta of 1.70. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a 50-day moving average price of $52.79 and a two-hundred day moving average price of $48.25.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Evercore ISI raised their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report on Wednesday. TD Cowen lifted their target price 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. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research report on Friday, January 3rd. UBS Group lifted their target price on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and an average price target of $54.93.

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.