Equities research analysts forecast that Carlisle Companies, Inc. (NYSE:CSL) will report earnings of $1.15 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Carlisle Companies’ earnings, with the highest EPS estimate coming in at $1.16 and the lowest estimate coming in at $1.13. Carlisle Companies posted earnings of $1.03 per share during the same quarter last year, which suggests a positive year over year growth rate of 11.7%. The company is expected to report its next quarterly earnings results on Tuesday, April 23rd.
According to Zacks, analysts expect that Carlisle Companies will report full-year earnings of $7.42 per share for the current fiscal year, with EPS estimates ranging from $7.07 to $7.58. For the next financial year, analysts expect that the business will report earnings of $8.33 per share, with EPS estimates ranging from $8.00 to $8.65. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Carlisle Companies.
Get Carlisle Companies alerts:Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, February 7th. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.28. Carlisle Companies had a net margin of 13.59% and a return on equity of 14.00%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company earned $1.73 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis.
CSL has been the subject of several research reports. Oppenheimer downgraded shares of Carlisle Companies from an “outperform” rating to a “market perform” rating in a research note on Monday, December 17th. UBS Group upgraded shares of Carlisle Companies from a “market perform” rating to an “outperform” rating in a research note on Monday, December 17th. Robert W. Baird set a $134.00 price objective on shares of Carlisle Companies and gave the stock a “buy” rating in a research note on Friday, February 8th. SunTrust Banks reiterated a “buy” rating and set a $138.00 price objective on shares of Carlisle Companies in a research note on Sunday, February 10th. Finally, Zacks Investment Research upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research report on Monday, December 31st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Carlisle Companies presently has a consensus rating of “Buy” and an average target price of $125.43.
NYSE CSL traded up $0.60 on Wednesday, hitting $121.42. The stock had a trading volume of 279,327 shares, compared to its average volume of 418,898. The company has a current ratio of 3.27, a quick ratio of 2.55 and a debt-to-equity ratio of 0.59. Carlisle Companies has a 52-week low of $92.16 and a 52-week high of $129.47. The firm has a market capitalization of $7.23 billion, a P/E ratio of 19.52, a P/E/G ratio of 1.08 and a beta of 0.99.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Wednesday, February 20th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, February 19th. Carlisle Companies’s dividend payout ratio is presently 25.72%.
Carlisle Companies announced that its Board of Directors has approved a share buyback plan on Tuesday, February 5th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
In other news, Director David A. Roberts sold 3,610 shares of the firm’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $121.50, for a total value of $438,615.00. Following the completion of the sale, the director now owns 84,762 shares in the company, valued at approximately $10,298,583. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO D Christian Koch sold 30,255 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $120.08, for a total transaction of $3,633,020.40. Following the completion of the sale, the chief executive officer now owns 141,651 shares of the company’s stock, valued at approximately $17,009,452.08. The disclosure for this sale can be found here. Insiders sold a total of 54,715 shares of company stock worth $6,570,091 over the last ninety days. Insiders own 2.40% of the company’s stock.
A number of large investors have recently bought and sold shares of CSL. JOYN Advisors Inc. grew its holdings in shares of Carlisle Companies by 195.6% during the fourth quarter. JOYN Advisors Inc. now owns 269 shares of the conglomerate’s stock worth $27,000 after buying an additional 178 shares in the last quarter. Tributary Capital Management LLC purchased a new stake in Carlisle Companies in the fourth quarter valued at approximately $50,000. Ffcm LLC grew its holdings in Carlisle Companies by 262.3% in the fourth quarter. Ffcm LLC now owns 1,395 shares of the conglomerate’s stock valued at $140,000 after purchasing an additional 1,010 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Carlisle Companies in the third quarter valued at approximately $196,000. Finally, First Mercantile Trust Co. lifted its position in Carlisle Companies by 60.2% during the fourth quarter. First Mercantile Trust Co. now owns 1,995 shares of the conglomerate’s stock valued at $200,000 after buying an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 91.10% of the company’s stock.
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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