The Carlyle Group Inc. (NASDAQ:CG) shares fell to a low of $44.48 before closing at $45.15. Intraday shares traded counted 1.17 million, which was 13.89% higher than its 30-day average trading volume of 1.36M. CG’s previous close was $44.14 while the outstanding shares total 354.23M. The firm has a beta of 1.40, a 12-month trailing P/E ratio of 9.05, and a growth ratio of 0.50. The stock’s Relative Strength Index (RSI) is 62.32, with weekly volatility at 2.17% and ATR at 0.97. The CG stock’s 52-week price range has touched low of $23.48 and a $45.64 high. The stock traded higher over the last trading session, gaining 2.29% on 06/21/21.
Investors have identified the Asset Management company The Carlyle Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $16.25 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
The Carlyle Group Inc. (CG) Fundamentals that are to be considered.
CG were able to record 59.8 million as free cash flow during the 07/28/2021 quarter of the year, this saw their quarterly net cash flow reduce by -102.6 million. In cash movements, the company had a total of 69.5 million as operating cash flow.
Potential earnings growth for The Carlyle Group Inc. (CG)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/28/2021 quarter of the year, The Carlyle Group Inc. recorded a total of 2.44 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 130.6% coming in sequential stages and their sales for the 07/28/2021 quarter increasing by 37.85%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.29 billion trying to sell their products during the last quarter, with the result yielding a gross income of 1.15 billion. This allows shareholders to hold on to 354.23M with the recently reported earning now reading 2.45 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (0.58 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.97 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CG sounds very interesting.
Is the stock of CG attractive?
In related news, 10% Owner, Carlyle Group Management L.L.C sold 1,200,000 shares of the company’s stock in a transaction that recorded on Jun 10. The sale was performed at an average price of 135.20, for a total value of 162,240,000. As the sale deal closes, the Director, Rubenstein David M. now sold 2,000,000 shares of the company’s stock, valued at 83,520,000. Also, Chief Executive Officer, LEE KEWSONG sold 2,639 shares of the company’s stock in a deal that was recorded on May 03. The shares were price at an average price of 43.49 per share, with a total market value of 114,770. Following this completion of acquisition, the Director, Rubenstein David M. now holds 3,000,000 shares of the company’s stock, valued at 107,400,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 13.10%.
9 out of 15 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on The Carlyle Group Inc.. 0 analysts has assigned a Sell rating on the CG stock. The 12-month mean consensus price target for the company’s shares has been set at $48.35.