Brokerages expect Carlisle Companies, Inc. (NYSE:CSL) to announce sales of $1.13 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Carlisle Companies’ earnings, with the highest sales estimate coming in at $1.14 billion and the lowest estimate coming in at $1.13 billion. Carlisle Companies reported sales of $1.08 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.6%. The firm is expected to report its next earnings report on Thursday, February 6th.
On average, analysts expect that Carlisle Companies will report full-year sales of $4.82 billion for the current financial year, with estimates ranging from $4.79 billion to $4.86 billion. For the next financial year, analysts forecast that the firm will post sales of $5.09 billion, with estimates ranging from $5.07 billion to $5.12 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Carlisle Companies.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.13. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Carlisle Companies had a net margin of 9.66% and a return on equity of 17.99%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 earnings per share.
CSL has been the topic of a number of research reports. ValuEngine cut shares of Carlisle Companies from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Zacks Investment Research upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating and set a $164.00 target price on the stock in a report on Thursday, October 24th. Robert W. Baird boosted their target price on shares of Carlisle Companies from $165.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Oppenheimer boosted their target price on shares of Carlisle Companies from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $153.00.
NYSE:CSL traded up $0.45 during trading hours on Monday, hitting $158.96. The company had a trading volume of 320,337 shares, compared to its average volume of 393,972. The company has a market capitalization of $8.92 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 1.30 and a beta of 0.99. The stock has a 50-day moving average price of $157.42 and a 200 day moving average price of $144.39. Carlisle Companies has a 52 week low of $93.01 and a 52 week high of $163.42. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.04 and a quick ratio of 2.31.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 32.15%.
In other news, insider John E. Berlin sold 7,135 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $153.78, for a total transaction of $1,097,220.30. Following the sale, the insider now owns 25,071 shares in the company, valued at approximately $3,855,418.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Clark Megan 180 shares of the stock in a transaction on Monday, November 18th. In the last 90 days, insiders have sold 63,103 shares of company stock worth $9,932,410. Company insiders own 1.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Krane Funds Advisors LLC purchased a new position in shares of Carlisle Companies in the 2nd quarter worth about $26,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Carlisle Companies in the 2nd quarter worth about $32,000. SRS Capital Advisors Inc. purchased a new position in shares of Carlisle Companies in the 2nd quarter worth about $32,000. Advisors Preferred LLC purchased a new position in shares of Carlisle Companies in the 2nd quarter worth about $38,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Carlisle Companies by 510.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 293 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 245 shares during the last quarter. 89.05% of the stock is owned by hedge funds and other institutional investors.
About Carlisle Companies
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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