Carlisle Companies Incorporated (NYSE: CSL) to report earnings of $ 2.83 per share
Analysts expect Carlisle Companies Incorporated (NYSE: CSL) to report earnings of $ 2.83 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have released earnings estimates for Carlisle Companies. The highest EPS estimate is $ 2.93 and the lowest is $ 2.72. Carlisle Companies posted earnings per share of $ 1.94 in the same quarter last year, indicating a positive year-over-year growth rate of 45.9%. The company is expected to release its next results after market close on Thursday, October 21.
According to Zacks, analysts expect Carlisle Companies to report annual earnings of $ 9.17 per share for the current fiscal year, with EPS estimates ranging from $ 9.12 to $ 9.21. For the next fiscal year, analysts predict the company will post earnings of $ 12.44 per share, with EPS estimates ranging from $ 12.03 to $ 12.85. Zacks Investment Research earnings per share averages are an average based on a survey of seller-side research companies that cover Carlisle companies.
Carlisle Companies (NYSE: CSL) last reported its results on Thursday, July 22. The conglomerate reported earnings per share of $ 2.16 for the quarter, beating Thomson Reuters consensus estimate of $ 2.09 by $ 0.07. Carlisle Companies had a net margin of 7.60% and a return on equity of 15.42%. The company posted revenue of $ 1.18 billion for the quarter, compared to analysts’ estimates of $ 1.15 billion. In the same quarter of the previous year, the company achieved EPS of $ 1.95. The company’s quarterly revenue increased 22.0% compared to the same quarter last year.
A number of equity research analysts have commented on the stock. Loop Capital increased its price target for Carlisle Companies shares from $ 215.00 to $ 245.00 and assigned a “buy” rating to the stock in a report released on Wednesday, August 18. Oppenheimer increased his price target for Carlisle Companies shares from $ 230.00 to $ 250.00 and rated the stock as “outperforming” in a report released on Monday, August 30. They noted that the move was an appraisal call. BMO Capital Markets reissued a “buy” rating on shares of Carlisle Companies in a report released on Wednesday, August 11. Northcoast Research downgraded Carlisle Companies shares from a “neutral” rating to a “buy” rating and set a price target of $ 230.00 on the stock in a report released on Wednesday, June 30. Finally, Robert W. Baird increased his price target for Carlisle Companies shares from $ 216.00 to $ 230.00 and rated the stock as “outperforming” in a report released on Friday, July 23. One analyst rated the stock with a conservation rating and seven gave the company’s stock a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $ 213.00.
CSL shares traded up $ 0.55 during trading hours on Friday, reaching $ 205.46. The stock had a trading volume of 209,770 shares, compared to its average volume of 304,186. The company’s fifty-day moving average is $ 203.70 and its two-hundred-day moving average is 189. $ 77. The company has a leverage ratio of 0.86, a current ratio of 3.30 and a quick ratio of 2.69. Carlisle Companies has a 52 week low of $ 117.03 and a 52 week high of $ 215.41. The stock has a market cap of $ 10.71 billion, a price / earnings ratio of 33.14, a P / E / G ratio of 1.45, and a beta of 1.05.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 1. Shareholders of record on Wednesday August 18 received a dividend of $ 0.54 per share. The ex-dividend date of this dividend was Tuesday August 17th. This is an increase from Carlisle Companies’ previous quarterly dividend of $ 0.53. This represents a dividend of $ 2.16 on an annualized basis and a return of 1.05%. Carlisle Companies’ dividend payout ratio is currently 34.18%.
Separately, insider Nicholas J. Shears sold 10,215 shares in a trade that took place on Tuesday, August 10. The shares were sold for an average price of $ 205.01, for a total value of $ 2,094,177.15. As a result of the sale, the insider now directly owns 23,479 shares of the company, valued at approximately $ 4,813,429.79. The sale was disclosed in a file with the Securities & Exchange Commission, accessible through this link. Additionally, CFO Robert M. Roche sold 10,480 shares in a trade that took place on Wednesday, August 25. The shares were sold at an average price of $ 210.95, for a total transaction of $ 2,210,756.00. Following the completion of the sale, the Chief Financial Officer now holds 33,783 shares of the company, valued at $ 7,126,523.85. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 161,815 shares of the company valued at $ 33,098,099. Company insiders own 1.68% of the company’s shares.
Several large investors have recently changed their positions in the stock. Eagle Bay Advisors LLC acquired a new stake in Carlisle Companies during the second quarter for a value of approximately $ 46,000. Van ECK Associates Corp acquired a new stake in Carlisle Companies during the first quarter valued at approximately $ 46,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Carlisle Companies during the first quarter valued at approximately $ 49,000. Fifth Third Bancorp increased its stake in Carlisle Companies by 54.9% during the 1st quarter. Fifth Third Bancorp now owns 316 shares of the conglomerate valued at $ 52,000 after purchasing 112 additional shares during the period. Finally, Godsey & Gibb Associates acquired a new stake in Carlisle Companies during the second quarter for a value of approximately $ 78,000. Institutional investors and hedge funds hold 88.93% of the company’s shares.
About Carlisle Companies
Carlisle Cos., Inc is engaged in the manufacture and distribution of engineered products for original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies and Carlisle Brake & Friction.
See also: What are the disadvantages of after hours trading?
Get a Free Copy of Zacks Research Report on Carlisle Companies (CSL)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should You Invest $ 1,000 In Carlisle Companies Now?
Before you consider Carlisle Companies, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of … and Carlisle Companies was not on the list.
Although Carlisle Companies currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here