The Carlyle Group L.P. (NASDAQ:CG) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.36 per share.
For the full year, analysts predict revenues of $ 2161.03 million, while looking forward to income of $ 1.74 per share.
Previous Quarter Performance
The Carlyle Group L.P. came out with income for the second quarter of $ 0.41 per share, from the revenue of $ 582.20 million. The quarterly earnings contracted 28.07 percent while revenues increased 5.72 percent compared with the same quarter last year.
Street analysts expected The Carlyle Group L.P. to report income of $ 0.36 per share on revenue of $ 479.06 million for the second quarter. The bottom line results beat street analysts by $ 0.05 or 13.89 percent, at the same time, top line results outshined analysts by $ 103.14 million or 21.53 percent.
Stock Performance
Shares of The Carlyle Group L.P. traded low $ -0.61 or -2.37 percent on Wednesday, reaching $ 25.16 with volume of 1.09 million shares. The Carlyle Group L.P. has traded high as $ 25.25 and has cracked $ 24.57 on the downward trend
According to the previous trading day, closing price of $ 25.16, representing a 69.43 % increase from the 52 week low of $ 15.21 and a 26.33 % decrease over the 52 week high of $ 34.98.
The company has a market capital of $ 8.77 billion and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
On July 30, 2020, the board of directors authorized quarterly dividend of $ 0.25 per share to holders of record as of the close of business on August 11, 2020, with payment date of August 18, 2020 and ex-dividend date on August 10, 2020.
Conference Call
The Carlyle Group L.P. will be hosting a conference call at 8:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.carlyle.com
The Carlyle Group L.P. 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.