The Carlyle Group LP (CG) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.14. The company posted revenue of $483.10 million in the period, compared to analysts expectations of $382.95 million. The company’s revenue was down -57.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.
Many Wall Street Analysts have commented on The Carlyle Group LP. Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Hold”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .Barclays Resumed The Carlyle Group LP on Mar 4, 2016 to “Equal Weight”, Price Target of the shares are set at $17.The Carlyle Group LP was Upgraded by Morgan Stanley to ” Overweight” on Feb 17, 2016.
The Carlyle Group LP closed down -0.37 points or -2.09% at $17.32 with 3,01,993 shares getting traded on Friday. Post opening the session at $17.63, the shares hit an intraday low of $17.29 and an intraday high of $17.75 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Feb 3, 2016, Curtis L. Buser (Chief Financial Officer) sold 2,470 shares at $13.38 per share price. According to the SEC, on Dec 3, 2015, Anthony Welters (director) purchased 25,000 shares at $17.77 per share price. On Aug 24, 2015, Glenn A. Youngkin (officer ) purchased 100,000 shares at $21.21 per share price, according to the Form-4 filing with the securities and exchange commission.
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company advises on an array of investment funds and other investment vehicles that invests across a range of industries geographies asset classes and investment strategies and seeks to deliver returns for its fund investors. The Company operates in four segments: Private Equity Global Market Strategies Real Assets and Investment Solutions. The Corporate Private Equity segment advises its buyout and growth capital funds. The Global Market Strategies segment advises a group of active funds. The Real Assets segment advises its 28 active carry funds focused on real estate infrastructure and energy and natural resources. The Investment Solutions segment provides investment opportunities and resources for its investors and clients.