Zacks: Analysts Anticipate Carlisle Companies, Inc. (NYSE:CSL) Will Announce Earnings of $2.39 Per Share

Wall Street brokerages expect Carlisle Companies, Inc. (NYSE:CSL) to announce $2.39 earnings 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 $2.38 and the highest estimate coming in at $2.41. Carlisle Companies posted earnings of $1.97 per share during the same quarter last year, which suggests a positive year over year growth rate of 21.3%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, July 23rd.

On average, analysts expect that Carlisle Companies will report full year earnings of $7.82 per share for the current year, with EPS estimates ranging from $7.80 to $7.85. For the next financial year, analysts expect that the firm will report earnings of $8.69 per share, with EPS estimates ranging from $8.35 to $8.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Carlisle Companies.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, April 23rd. The conglomerate reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.31. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. Carlisle Companies had a net margin of 8.34% and a return on equity of 15.22%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $0.97 earnings per share.

CSL has been the subject of several analyst reports. ValuEngine raised shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Robert W. Baird set a $134.00 price target on shares of Carlisle Companies and gave the company a “buy” rating in a research note on Tuesday, April 9th. BMO Capital Markets raised their price target 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. Zacks Investment Research downgraded shares of Carlisle Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Oppenheimer raised their price target on shares of Carlisle Companies from $140.00 to $150.00 in a research note on Wednesday, April 24th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Carlisle Companies has an average rating of “Buy” and a consensus target price of $140.57.

In related news, Director David A. Roberts sold 28,571 shares of Carlisle Companies stock in a transaction on 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 transaction, the director now owns 88,397 shares of the company’s stock, valued at $12,175,802.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CSL. Norges Bank bought a new position in Carlisle Companies during the fourth quarter worth $59,618,000. Harris Associates L P raised its stake in Carlisle Companies by 60.3% during the fourth quarter. Harris Associates L P now owns 1,244,010 shares of the conglomerate’s stock worth $125,048,000 after buying an additional 468,140 shares during the last quarter. Atlanta Capital Management Co. L L C raised its stake in Carlisle Companies by 11.3% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 3,229,436 shares of the conglomerate’s stock worth $324,623,000 after buying an additional 327,768 shares during the last quarter. Precision Path Capital LP raised its stake in Carlisle Companies by 683.3% during the fourth quarter. Precision Path Capital LP now owns 235,000 shares of the conglomerate’s stock worth $23,622,000 after buying an additional 205,000 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its stake in Carlisle Companies by 508.9% during the first quarter. State of Tennessee Treasury Department now owns 219,332 shares of the conglomerate’s stock worth $26,894,000 after buying an additional 183,310 shares during the last quarter. 86.97% of the stock is owned by institutional investors and hedge funds.

Shares of CSL stock traded up $1.44 during trading hours on Friday, hitting $140.41. 1,454,851 shares of the company’s stock traded hands, compared to its average volume of 337,921. The firm has a 50 day moving average price of $136.87. The stock has a market cap of $8.01 billion, a PE ratio of 22.57, a PEG ratio of 1.20 and a beta of 1.05. Carlisle Companies has a 12 month low of $92.16 and a 12 month high of $142.30. The company has a current ratio of 2.96, a quick ratio of 2.15 and a debt-to-equity ratio of 0.63.

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Tuesday, May 14th. Carlisle Companies’s dividend payout ratio is presently 25.72%.

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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