The price of Carlyle Group Inc (NASDAQ: CG) closed at $45.15 in the last session, down -2.63% from day before closing price of $46.37. In other words, the price has decreased by -$1.22 from its previous closing price. On the day, 2648001 shares were traded.
Ratios:
We take a closer look at CG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.68. In the meantime, Its Debt-to-Equity ratio is 1.78 whereas as Long-Term Debt/Eq ratio is at 1.69.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on January 19, 2024, Downgraded its rating to Neutral and sets its target price to $41 from $40 previously.
On January 04, 2024, TD Cowen started tracking the stock assigning a Market Perform rating and target price of $42.
Evercore ISI Downgraded its Outperform to In-line on November 29, 2023, while the target price for the stock was maintained at $32.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 08 ’24 when Carlyle Group Inc. bought 190,000 shares for $12.95 per share. The transaction valued at 2,460,500 led to the insider holds 1,066,189 shares of the business.
SCHWARTZ HARVEY M sold 295,358 shares of CG for $12,328,036 on Dec 15 ’23. The Chief Executive Officer now owns 6,768,046 shares after completing the transaction at $41.74 per share. On Sep 12 ’23, another insider, CG Subsidiary Holdings L.L.C., who serves as the 10% Owner of the company, bought 1,269,537 shares for $8.52 each. As a result, the insider paid 10,816,455 and bolstered with 4,785,628 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CG now has a Market Capitalization of 16.30B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.03 while its Price-to-Book (P/B) ratio in mrq is 3.14. Its current Enterprise Value per Revenue stands at 6.54.
Stock Price History:
Over the past 52 weeks, CG has reached a high of $48.52, while it has fallen to a 52-week low of $25.20. The 50-Day Moving Average of the stock is 42.70, while the 200-Day Moving Average is calculated to be 34.86.
Shares Statistics:
According to the various share statistics, CG traded on average about 2.55M shares per day over the past 3-months and 2.45M shares per day over the past 10 days. A total of 361.33M shares are outstanding, with a floating share count of 190.51M. Insiders hold about 47.39% of the company’s shares, while institutions hold 59.81% stake in the company. Shares short for CG as of Feb 29, 2024 were 17.04M with a Short Ratio of 6.69, compared to 14.46M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.71% and a Short% of Float of 8.09%.
Dividends & Splits
The forward annual dividend rate for CG is 1.40, which was 1.40 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.02%, it implies a Forward Annual Dividend Yield of 3.10%. The stock’s 5-year Average Dividend Yield is 3.83.
Earnings Estimates
The company has 15 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.88 for the current quarter, with a high estimate of $0.96 and a low estimate of $0.76, while EPS last year was $0.63. The consensus estimate for the next quarter is $0.95, with high estimates of $1.1 and low estimates of $0.81.
Analysts are recommending an EPS of between $4.22 and $3.38 for the fiscal current year, implying an average EPS of $3.92. EPS for the following year is $4.57, with 15 analysts recommending between $4.97 and $4.18.
Revenue Estimates
According to 7 analysts, the current quarter’s revenue is expected to be $942.57M. It ranges from a high estimate of $1.01B to a low estimate of $874.39M. As of the current estimate, Carlyle Group Inc’s year-ago sales were $786.36M, an estimated increase of 19.90% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $1.01B, an increase of 3.00% less than the figure of $19.90% in the same quarter last year. There is a high estimate of $1.08B for the next quarter, whereas the lowest estimate is $897.4M.
A total of 9 analysts have provided revenue estimates for CG’s current fiscal year. The highest revenue estimate was $4.36B, while the lowest revenue estimate was $3.78B, resulting in an average revenue estimate of $4.11B. In the same quarter a year ago, actual revenue was $3.41B, up 20.80% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $4.75B in the next fiscal year. The high estimate is $5.1B and the low estimate is $4.36B. The average revenue growth estimate for next year is up 15.40% from the average revenue estimate for this year.
