|Bid||20.25 x 100|
|Ask||21.20 x 1900|
|Day's range||20.85 - 21.15|
|52-week range||16.16 - 25.90|
|PE ratio (TTM)||8.80|
|Earnings date||1 May 2018|
|Forward dividend & yield||1.41 (6.98%)|
|1y target est||27.79|
Berkshire Hathaway (BRK.B) operates in the energy sector through Berkshire Hathaway Energy (or BHE). Natural gas utilities have seen some pressure on the demand front mainly due to higher input costs driven by higher oil prices (USO). MidAmerican and Northern Powergrid witnessed higher sales costs resulting in lower profitability in 4Q17.
Hong Kong-based private equity firm PAG is planning a new Asia fund that aims to raise as much as $6 billion, two people with knowledge of the plan said, potentially adding to a massive pool of buyout money for acquisitions in the region. PAG has started sounding out investors about the fund in recent weeks, the two people and others told Reuters. The people declined to be identified as the fundraising plan was confidential.
Of the 12 analysts covering The Carlyle Group (CG) in April 2018, four have recommended “strong buy,” five have recommended “buy,” and three have recommended “hold.” In March 2018, four recommended “strong buy,” four recommended “buy,” and four recommended “hold.” In February 2018, four recommended “strong buy,” three recommended “buy,” and five recommended “hold.”
The Carlyle Group’s (CG) NTM (next-12-month) PE (price-to-earnings) ratio is 7.7x, lower than competitors’ average of 9.6x. Peers Ameriprise Financial (AMP), Ares Management (ARES), and KKR (KKR) have NTM PE ratios of 9.5x, 11.4x, and 7.9x, respectively.
The Carlyle Group (CG) generates fee revenue from net portfolio advisory, fund management, and net transaction fees. In 4Q17, the company generated total fee revenue of $305.4 million, of which fund management fees contributed $289.8 million (94.8%). During the same period, the company generated total segment revenue of $0.97 billion. In comparison, competitors (XLF) The Blackstone Group (BX), KKR (KKR), and Apollo Global Management (APO) generated revenue of $1.9 billion, $0.40 billion, and $0.86 billion, respectively, in 4Q17.
On March 27, 2018, AkzoNobel announced it would be selling its specialty chemicals business to GIC and The Carlyle Group (CG) for $12.5 billion. The private equity companies are sitting on a substantial amount of cash, raising concerns among market participants and fund investors. From the past few years, these companies have seen substantial fundraising, creating a need for such huge investments. Carlyle raised $43.3 billion in 2017, while Apollo Global Management (APO) saw total inflows of $56.5 billion.
The Carlyle Group (CG) has acquired four French logistics assets from CBRE Global Investors. Industrial assets have seen strong demand due to economic recovery and upward momentum in the e-commerce sector. Carlyle plans to make further deployments in Western European markets and France, which could expand the company’s reach.
Vitol and Carlyle Group have abandoned plans for a slated €2bn initial public offering of Varo Energy, the chief executive of the company told the Financial Times on Tuesday, arguing the current market ...
The Carlyle Group’s (CG) Corporate Private Equity segment’s carry funds rose 8% in 4Q17 and 32% in 2017. However, this strong momentum is not expected to continue in 1Q18, mainly due to equity markets’ performance. In 1Q18, private equity players’ (XLF) fundraising activities are expected to be impacted by trade war tensions resulting in equity market fluctuation. However, lower fundraising could also lead to lower fundraising expenses.
The Carlyle Group’s (CG) global credit segment generated fund-level fee revenue of $192.2 million in 2017, representing a YoY (year-over-year) decline. Between 2016 and 2017, the segment’s fund management fees fell to $191.5 million from $195.5 million, and its total performance fees rose to $59.1 million to $37.8 million. However, the segment’s total revenue rose to $282.5 million from $264.2 million.
Wall Street analysts expect The Carlyle Group (CG) to see EPS (earnings per share) of $0.54 in 1Q18, reflecting a substantial decline YoY (year-over-year). They gave a high estimate of $0.71 and a low estimate of $0.22. EPS are expected to fall mainly due to outflow from debt markets impacting its global credit segment.
The Trump administration has initiated what may become a trade war with China and its allies in order to push for domestic manufacturing, reduce its deficit, and bring duties on par with those of other countries. This has led to a further weakening of the US dollar, which began in 2H17 on expectations of a higher trade deficit due to lower tax rates. China is responding to the threat of a trade war with duties of up to 25% on American imports across various categories.
Private-equity firm The Carlyle Group agreed to buy Australian vintner Accolade Wines Ltd., gaining a portfolio of popular mass-market brands.
NEW YORK, April 05, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
US-based investor the Carlyle Group has bought Australia's biggest wine producer Accolade Wines for Aus$1 billion (US$770 million) as it seeks out growth opportunities in the Asian region, the firm said Thursday. Accolade Wines, the world's fifth-largest wine company by volume, was sold to the Carlyle Group by Australia's CHAMP Private Equity, which owns 80 percent of the firm, and US alcohol distributor Constellation Brands.
Carlyle is buying the operation from Champ Private Equity, which created Accolade in early 2011 after buying two wine divisions from Constellation Brands Inc. for A$290 million.
A consortium led by Carlyle Group agreed to buy the specialty chemicals business of Akzo Nobel for $12.6 billion including debt, as the competition for bigger, riskier deals between cash-rich buyout firms ...
** Food giants Nestle, Kraft Heinz and Unilever are expected to bid for GlaxoSmithKline's Horlicks health nutrition business, which could fetch more than $4 billion, according to people familiar with the matter. ** Sky's Italian unit is close to signing a deal with Italian broadband company Open Fiber that will allow it to stream programs and offer high-speed broadband services, two sources said on Tuesday. ** U.S. e-commerce giant Amazon has made further inroads into food retail in France as Casino's upmarket Monoprix chain became the first local retailer to agree to sell groceries via Amazon.
On March 13, 2018, the Blackstone Group (BX) announced that it is acquiring a minority equity stake in Rockpoint, a private equity giant. The acquisition is being considered a passive investment and means that Blackstone won’t be actively participating in management’s decision-making process. The Carlyle Group (CG) and 22C Capital also made a strategic minority investment in DiscoverOrg.
Mar.27 -- Bloomberg's Jason Kelly discusses a deal between Akzo Nobel and private equity firm Carlyle Group. He speaks with Vonnie Quinn on "Bloomberg Markets: European Close."