Brokerages expect Carlisle Companies (NYSE:CSL) to report $942.50 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Carlisle Companies’ earnings. The lowest sales estimate is $897.40 million and the highest is $986.70 million. Carlisle Companies reported sales of $857.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.9%. The business is expected to announce its next earnings report after the market closes on Tuesday, April 24th.
On average, analysts expect that Carlisle Companies will report full year sales of $4.41 billion for the current fiscal year, with estimates ranging from $4.26 billion to $4.70 billion. For the next year, analysts expect that the firm will report sales of $4.59 billion per share, with estimates ranging from $4.40 billion to $4.94 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Carlisle Companies.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.20. Carlisle Companies had a return on equity of 13.53% and a net margin of 8.94%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue was up 20.0% compared to the same quarter last year.
CSL has been the subject of a number of recent research reports. B. Riley reissued a “buy” rating and issued a $125.00 target price on shares of Carlisle Companies in a research note on Friday, December 22nd. Zacks Investment Research raised Carlisle Companies from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research note on Tuesday, January 2nd. BMO Capital Markets lowered their target price on Carlisle Companies from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, April 6th. SunTrust Banks reissued a “buy” rating and issued a $130.00 target price on shares of Carlisle Companies in a research note on Friday, February 9th. Finally, Robert W. Baird lowered their target price on Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $123.38.
A number of large investors have recently made changes to their positions in CSL. Anchor Bolt Capital LP increased its holdings in Carlisle Companies by 2,196.8% during the 4th quarter. Anchor Bolt Capital LP now owns 547,845 shares of the conglomerate’s stock valued at $62,263,000 after purchasing an additional 523,992 shares during the period. Amundi Pioneer Asset Management Inc. increased its holdings in Carlisle Companies by 25.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 823,421 shares of the conglomerate’s stock valued at $93,582,000 after purchasing an additional 169,323 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Carlisle Companies by 180.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 157,466 shares of the conglomerate’s stock valued at $17,896,000 after purchasing an additional 101,227 shares during the period. Dimensional Fund Advisors LP increased its holdings in Carlisle Companies by 14.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 772,976 shares of the conglomerate’s stock valued at $77,523,000 after purchasing an additional 99,614 shares during the period. Finally, SG Capital Management LLC purchased a new position in Carlisle Companies during the 4th quarter valued at about $9,981,000. Institutional investors own 88.02% of the company’s stock.
CSL stock traded down $0.47 during mid-day trading on Friday, hitting $102.42. 429,373 shares of the stock were exchanged, compared to its average volume of 500,299. The company has a quick ratio of 1.73, a current ratio of 2.50 and a debt-to-equity ratio of 0.63. Carlisle Companies has a 12 month low of $92.09 and a 12 month high of $119.21. The firm has a market cap of $6,357.48, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 1.16 and a beta of 0.85.
Carlisle Companies declared that its Board of Directors has initiated a share repurchase plan on Tuesday, February 6th that allows the company to buyback 5,000,000 outstanding shares. This buyback authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
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Carlisle Companies Company Profile
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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