Carlyle Group Beats Earnings Estimates

The-Carlyle-Group=CG-logo-posted-daily-business-news-mhpronews-com-American Banking News tells MHProNews that the Carlyle Group (NYSE:CG) released its earnings data on Wednesday, February 11th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.12. The company had revenues of $649.00 million for the quarter compared to the consensus estimate of $599.57 million. During the same quarter in the previous year, the company posted $1.64 earnings per share. Analysts expect that The Carlyle Group will post $2.69 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, February 23rd will be given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 22.85%. The ex-dividend date of this dividend is Thursday, February 19th. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.16. ##

(Graphic Credit: Carlyle Group)

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Article submitted by Sandra Lane to – Daily Business News – MHProNews.

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