Free Research Report as The Carlyle Group’s Revenue Grew 5.4% and Adjusted EPS Surged 166.7%

Stock Monitor: PennantPark Floating Rate Capital Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 07, 2017 / Active-Investors free earnings report on The Carlyle Group L.P. (NASDAQ: CG) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=CG. The Company posted its financial results on October 31, 2017, for the third quarter of the fiscal year 2017. The alternative asset manager's adjusted earnings per share (EPS) surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, The Carlyle Group most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

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Earnings Highlights and Summary

For the three months ended September 30, 2017, Carlyle Group's total revenues increased 5.4% to $639.9 million from $607.3 million in Q3 FY16. The Company's total revenue numbers were below analysts' expectations of $680.4 million.

During Q3 FY17, the Company's distributable earnings increased 13.9% to $259.9 million from $228.2 million in the same period of last year. For the reported quarter, the Company's realized net performance fees increased 16.4% to $216.9 million from $186.3 million in Q3 FY16.

For the reported quarter, Carlyle Group's net income increased to $44.6 million from $0.8 million in Q3 FY16. During Q3 FY17, the Company's diluted EPS was positive $0.43 versus negative $0.02 in the comparable period of last year. For the reported quarter, the Company's economic net income, after taxes, increased 175.9% to $192.3 million from $69.7 million in Q3 FY16. For the reported quarter, the Company's economic net income, after taxes, per adjusted unit, increased 166.7% to $0.56 from $0.21 in Q3 FY16. The economic net income, after taxes, per adjusted unit, surpassed analysts' expectations of $0.48.

Segment Details

Corporate Private Equity (CPE) - During Q3 FY17, Carlyle Group's Corporate Private Equity segment's total revenue decreased 11.3% to $293.4 million from $330.8 million in the corresponding period of last year. For the reported quarter, the segment's economic net income increased 46% to $92 million from $63 million Q3 FY16. For the reported quarter, the segment's net realized performance fees increased 17.9% to $198 million from $168 million in Q3 FY16. For the reported quarter, the segment's distributable earnings decreased 0.9% to $207 million from $209 million in Q3 FY16. For the reported quarter, the segment's total assets under management increased 2% to $55.7 billion from $54.6 billion in Q3 FY16.

Real Assets - During Q3 FY17, Carlyle Group's Real Assets segment's total revenue increased 42% to $103.2 million from $72.7 million in the same period of last year. For the reported quarter, the segment's economic net income increased 200% to $8 million from $4 million in Q3 FY16. For the reported quarter, the segment's net realized performance fees were at par with the $11 million recorded in Q3 FY16. For the reported quarter, the segment's distributable earnings were negative $41 million compared to positive $10 million in Q3 FY16. For the reported quarter, the segment's total assets under management increased to $39.8 billion from $35.7 billion in Q3 FY16.

Global Market Strategies (GMS) - During Q3 FY17, Carlyle Group's Global Market Strategies segment's total revenue increased 1.4% to $73.1 million from $72.1 million in the comparable period of last year. For the reported quarter, the segment's economic net income was positive $88 million compared to negative $11 million in Q3 FY16. For the reported quarter, the segment's net realized performance fees were at par with the $8 million recorded in Q3 FY16. For the reported quarter, the segment's distributable earnings increased 2100% to $88 million from $4 million in Q3 FY16. For the reported quarter, the segment's total assets under management decreased 6.5% to $31.9 billion from $34.1 billion in Q3 FY16.

Investment Solutions - During Q3 FY17, Carlyle Group's Investment Solutions segment's total revenue increased 21.8% to $77.8 million from $63.9 million in the corresponding period of last year. For the reported quarter, the segment's economic net income was positive $15 million compared to negative $3 million in Q3 FY16. For the reported quarter, the segment's distributable earnings were at par with the $6 million recorded in Q3 FY16. For the reported quarter, the segment's total assets under management increased 5.1% to $47 billion from $44.7 billion in Q3 FY16.

Balance Sheet

As on September 30, 2017, Carlyle Group's cash and cash equivalents and corporate treasury investments were $1.5 billion.

During Q3 FY17, Carlyle Group's total assets under management increased 3% to $174.4 billion from $169.1 billion in the second quarter of 2017, due to capital raised across all segments, notably in Real Assets, GMS, and Investment Solutions.

During Q3 FY17, the Company's fee-earning assets under management decreased 2% to $121.8 billion from $123.8 billion in the same period of last year, due to realizations and the elimination of a $5 billion in hedge fund related Fee-Earning AUM.

Stock Performance Snapshot

December 06, 2017 - At Wednesday's closing bell, The Carlyle Group's stock slightly climbed 0.73%, ending the trading session at $20.70.

Volume traded for the day: 1.04 million shares, which was above the 3-month average volume of 944.41 thousand shares.

Stock performance in the last three-month – up 2.22%; previous six-month period – up 20.05%; past twelve-month period – up 41.33%; and year-to-date – up 38.55%

After yesterday's close, The Carlyle Group's market cap was at $7.10 billion.

Price to Earnings (P/E) ratio was at 11.39.

The stock has a dividend yield of 5.99%.

The stock is part of the Financial sector, categorized under the Asset Management industry.

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