Zacks: Analysts Expect Carlisle Companies, Inc. (NYSE:CSL) Will Announce Earnings of $2.32 Per Share

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Brokerages expect Carlisle Companies, Inc. (NYSE:CSL) to announce earnings of $2.32 per share for the current quarter, according to Zacks. Two analysts have provided 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 expected to report its next quarterly earnings results 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 year, with EPS estimates ranging from $8.00 to $8.20. For the next fiscal year, analysts expect that the business 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 research firms that follow Carlisle Companies.

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

A number of brokerages recently issued reports on CSL. BMO Capital Markets lifted their price objective on shares of Carlisle Companies from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. Buckingham Research cut shares of Carlisle Companies from a “buy” rating to a “neutral” rating and set a $148.00 price objective on the stock. in a research note on Monday, July 8th. ValuEngine cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Oppenheimer boosted their target price on shares of Carlisle Companies from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird boosted their target price on shares of Carlisle Companies from $135.00 to $150.00 and gave the stock 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 assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $142.13.

In other news, Director David A. Roberts sold 28,571 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $137.74, for a total transaction of $3,935,369.54. Following the completion of the sale, 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 is available at this hyperlink. Insiders own 1.70% of the company’s stock.

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Carlisle Companies by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 962,410 shares of the conglomerate’s stock valued at $96,735,000 after buying an additional 37,916 shares in the last quarter. FMR LLC lifted its position 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 acquiring an additional 137,831 shares during the period. Geode Capital Management LLC lifted its position 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 acquiring an additional 39,715 shares during the period. State of Alaska Department of Revenue lifted its position 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 acquiring an additional 97 shares during the period. Finally, Virtu Financial LLC purchased a new position in Carlisle Companies during the 1st quarter valued at about $319,000. 87.06% of the stock is owned by institutional investors.

NYSE:CSL traded up $4.18 during mid-day trading on Thursday, reaching $140.99. The stock had a trading volume of 862,000 shares, compared to its average volume of 461,829. The stock has a 50-day simple moving average of $138.18 and a two-hundred day simple moving average of $131.13. The stock has a market capitalization of $7.74 billion, a PE ratio of 22.67, a P/E/G ratio of 1.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.96 and a quick ratio of 2.18. Carlisle Companies has a 12 month low of $92.16 and a 12 month high of $146.16.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 19th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.42%. Carlisle Companies’s payout ratio is presently 25.72%.

Carlisle Companies Company Profile

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

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