Northcoast Research Comments on Carlisle Companies, Inc.’s FY2018 Earnings (CSL)

Carlisle Companies, Inc. (NYSE:CSL) – Stock analysts at Northcoast Research reduced their FY2018 earnings estimates for Carlisle Companies in a research note issued to investors on Wednesday, October 24th. Northcoast Research analyst K. Hocevar now expects that the conglomerate will earn $5.52 per share for the year, down from their prior estimate of $5.88. Northcoast Research also issued estimates for Carlisle Companies’ Q4 2018 earnings at $1.15 EPS and FY2019 earnings at $6.90 EPS.

Several other equities research analysts have also recently issued reports on CSL. BMO Capital Markets reissued a “buy” rating and set a $135.00 target price on shares of Carlisle Companies in a research note on Friday, July 27th. Robert W. Baird raised their target price on Carlisle Companies from $124.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Oppenheimer reissued a “hold” rating on shares of Carlisle Companies in a research note on Wednesday, July 25th. B. Riley set a $145.00 target price on Carlisle Companies and gave the stock a “buy” rating in a research note on Friday, October 19th. Finally, ValuEngine raised Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $131.80.



CSL stock opened at $95.14 on Thursday. The company has a quick ratio of 2.40, a current ratio of 3.10 and a debt-to-equity ratio of 0.59. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 1.17 and a beta of 0.86. Carlisle Companies has a 52-week low of $92.16 and a 52-week high of $129.47.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.59 EPS for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.14). Carlisle Companies had a return on equity of 13.21% and a net margin of 14.20%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $1.37 EPS. The business’s quarterly revenue was up 17.9% compared to the same quarter last year.

In other Carlisle Companies news, Director David A. Roberts sold 36,533 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $127.52, for a total transaction of $4,658,688.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Fort L.P. acquired a new stake in Carlisle Companies during the second quarter worth $122,000. First Mercantile Trust Co. acquired a new stake in shares of Carlisle Companies in the second quarter valued at $136,000. Fox Run Management L.L.C. acquired a new stake in shares of Carlisle Companies in the third quarter valued at $241,000. First National Bank of Omaha acquired a new stake in shares of Carlisle Companies in the second quarter valued at $226,000. Finally, Natixis acquired a new stake in shares of Carlisle Companies in the second quarter valued at $229,000. 90.97% of the stock is owned by institutional investors.

About Carlisle Companies

Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.

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Earnings History and Estimates for Carlisle Companies (NYSE:CSL)

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