Brokerages Expect Carlisle Companies, Inc. (NYSE:CSL) to Announce $2.32 Earnings Per Share

Equities research analysts expect that Carlisle Companies, Inc. (NYSE:CSL) will report earnings per share of $2.32 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Carlisle Companies’ earnings, with the lowest EPS estimate coming in at $2.26 and the highest estimate coming in at $2.37. Carlisle Companies reported earnings of $1.68 per share in the same quarter last year, which suggests a positive year over year growth rate of 38.1%. The business is scheduled to announce its next quarterly earnings report on Tuesday, October 22nd.

According to Zacks, analysts expect that Carlisle Companies will report full year earnings of $8.13 per share for the current financial year, with EPS estimates ranging from $8.00 to $8.20. For the next financial year, analysts expect that the company will post earnings of $8.99 per share, with EPS estimates ranging from $8.75 to $9.25. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Carlisle Companies.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.26. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. Carlisle Companies had a return on equity of 16.52% and a net margin of 9.04%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.87 earnings per share.

A number of research firms recently commented on CSL. Oppenheimer upped their price objective on Carlisle Companies from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Zacks Investment Research upgraded Carlisle Companies from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a report on Monday, April 29th. ValuEngine downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BMO Capital Markets upped their price objective on Carlisle Companies from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Finally, Robert W. Baird boosted their target price on Carlisle Companies from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Carlisle Companies currently has an average rating of “Buy” and a consensus price target of $142.13.

NYSE CSL traded down $0.25 on Thursday, reaching $140.87. The company had a trading volume of 215,260 shares, compared to its average volume of 387,869. The stock’s 50 day moving average is $138.31 and its 200-day moving average is $131.62. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 1.16 and a beta of 1.02. The company has a quick ratio of 2.18, a current ratio of 2.96 and a debt-to-equity ratio of 0.62. Carlisle Companies has a 52 week low of $92.16 and a 52 week high of $146.16.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.42%. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, August 19th. Carlisle Companies’s payout ratio is presently 32.15%.

In other Carlisle Companies news, Director David A. Roberts sold 28,571 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $137.74, for a total value of $3,935,369.54. Following the completion of the transaction, the director now directly owns 88,397 shares of the company’s stock, valued at $12,175,802.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Carlisle Companies by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 962,410 shares of the conglomerate’s stock worth $96,735,000 after buying an additional 37,916 shares during the period. FMR LLC increased its stake in Carlisle Companies by 35.1% during the 4th quarter. FMR LLC now owns 530,252 shares of the conglomerate’s stock valued at $53,301,000 after purchasing an additional 137,831 shares in the last quarter. Geode Capital Management LLC increased its stake in Carlisle Companies by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 585,700 shares of the conglomerate’s stock valued at $58,874,000 after purchasing an additional 39,715 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Carlisle Companies by 1.6% during the 1st quarter. State of Alaska Department of Revenue now owns 6,298 shares of the conglomerate’s stock valued at $772,000 after purchasing an additional 97 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Carlisle Companies during the 1st quarter valued at approximately $319,000. 87.14% of the stock is owned by 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.

Featured Article: How is a Moving Average Calculated?

Get a free copy of the Zacks research report on Carlisle Companies (CSL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Carlisle Companies (NYSE:CSL)

Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter.