Carlisle Companies, Inc. (CSL) Expected to Announce Earnings of $2.40 Per Share

Brokerages expect Carlisle Companies, Inc. (NYSE:CSL) to announce earnings per share (EPS) of $2.40 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Carlisle Companies’ earnings, with the lowest EPS estimate coming in at $2.39 and the highest estimate coming in at $2.41. Carlisle Companies reported earnings per share of $1.97 in the same quarter last year, which suggests a positive year over year growth rate of 21.8%. The business is expected to announce its next earnings report on Tuesday, July 23rd.

On average, analysts expect that Carlisle Companies will report full-year earnings of $7.80 per share for the current fiscal year, with EPS estimates ranging from $7.75 to $7.84. For the next fiscal year, analysts expect that the firm will post earnings of $8.66 per share, with EPS estimates ranging from $8.35 to $8.85. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Carlisle Companies.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.31. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. Carlisle Companies had a net margin of 8.34% and a return on equity of 15.22%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 earnings per share.



A number of equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Zacks Investment Research lowered shares of Carlisle Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. BMO Capital Markets raised their price objective on shares of Carlisle Companies from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Robert W. Baird set a $134.00 price objective on shares of Carlisle Companies and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, Oppenheimer raised their price objective on shares of Carlisle Companies from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $139.86.

Shares of CSL stock traded up $1.26 on Wednesday, hitting $136.36. The company’s stock had a trading volume of 560,800 shares, compared to its average volume of 404,596. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.15 and a current ratio of 2.96. Carlisle Companies has a fifty-two week low of $92.16 and a fifty-two week high of $142.00. The company has a market capitalization of $7.68 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.15 and a beta of 1.07.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Tuesday, May 14th. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.

Carlisle Companies announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 5th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

In other news, insider John E. Berlin sold 15,150 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $124.24, for a total transaction of $1,882,236.00. Following the completion of the sale, the insider now owns 47,221 shares of the company’s stock, valued at approximately $5,866,737.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David A. Roberts sold 3,610 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $121.50, for a total transaction of $438,615.00. Following the sale, the director now directly owns 84,762 shares of the company’s stock, valued at approximately $10,298,583. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of Carlisle Companies by 2.5% during the 4th quarter. BlackRock Inc. now owns 5,199,432 shares of the conglomerate’s stock worth $522,647,000 after purchasing an additional 125,249 shares during the period. Janus Henderson Group PLC raised its stake in shares of Carlisle Companies by 0.3% during the 1st quarter. Janus Henderson Group PLC now owns 4,337,688 shares of the conglomerate’s stock worth $531,887,000 after purchasing an additional 14,736 shares during the period. Atlanta Capital Management Co. L L C raised its stake in shares of Carlisle Companies by 11.3% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 3,229,436 shares of the conglomerate’s stock worth $324,623,000 after purchasing an additional 327,768 shares during the period. Harris Associates L P raised its stake in shares of Carlisle Companies by 60.3% during the 4th quarter. Harris Associates L P now owns 1,244,010 shares of the conglomerate’s stock worth $125,048,000 after purchasing an additional 468,140 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Carlisle Companies by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 971,276 shares of the conglomerate’s stock worth $119,095,000 after purchasing an additional 8,866 shares during the period. 89.54% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene 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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