Carlisle Companies, Inc. (NYSE:CSL) – Research analysts at SunTrust Banks cut their FY2018 earnings per share estimates for Carlisle Companies in a research report issued to clients and investors on Wednesday, October 24th. SunTrust Banks analyst C. Brady now anticipates that the conglomerate will post earnings per share of $5.71 for the year, down from their previous forecast of $5.98. SunTrust Banks currently has a “Buy” rating and a $135.00 target price on the stock. SunTrust Banks also issued estimates for Carlisle Companies’ Q4 2018 earnings at $1.32 EPS, Q3 2019 earnings at $1.99 EPS, Q4 2019 earnings at $1.68 EPS and FY2020 earnings at $7.77 EPS.
Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.14). The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. Carlisle Companies had a return on equity of 13.21% and a net margin of 14.20%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.37 earnings per share.
Shares of NYSE:CSL opened at $95.14 on Friday. The company has a market cap of $6.16 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 1.17 and a beta of 0.86. Carlisle Companies has a 1-year low of $92.16 and a 1-year high of $129.47. The company has a quick ratio of 2.40, a current ratio of 3.10 and a debt-to-equity ratio of 0.59.
Several large investors have recently modified their holdings of CSL. UBS Group AG lifted its position in shares of Carlisle Companies by 6.0% in the 1st quarter. UBS Group AG now owns 33,579 shares of the conglomerate’s stock valued at $3,506,000 after acquiring an additional 1,902 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Carlisle Companies by 12.2% in the 1st quarter. Legal & General Group Plc now owns 87,206 shares of the conglomerate’s stock valued at $9,105,000 after acquiring an additional 9,513 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Carlisle Companies by 16.6% in the 1st quarter. Royal Bank of Canada now owns 147,576 shares of the conglomerate’s stock valued at $15,407,000 after acquiring an additional 21,057 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Carlisle Companies by 49.0% in the 1st quarter. Xact Kapitalforvaltning AB now owns 7,909 shares of the conglomerate’s stock valued at $826,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Carlisle Companies by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 268,889 shares of the conglomerate’s stock valued at $28,075,000 after acquiring an additional 6,776 shares in the last quarter. Institutional investors and hedge funds own 90.97% of the company’s stock.
In related news, Director David A. Roberts sold 36,533 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $127.52, for a total value of $4,658,688.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is currently owned by corporate insiders.
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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