Carlisle Companies, Inc. (CSL) Expected to Announce Quarterly Sales of $1.07 Billion
Wall Street brokerages expect Carlisle Companies, Inc. (NYSE:CSL) to post $1.07 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Carlisle Companies’ earnings, with the highest sales estimate coming in at $1.07 billion and the lowest estimate coming in at $1.06 billion. Carlisle Companies reported sales of $996.9 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.3%. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, July 25th.
According to Zacks, analysts expect that Carlisle Companies will report full-year sales of $1.07 billion for the current year, with estimates ranging from $3.93 billion to $3.99 billion. For the next fiscal year, analysts anticipate that the business will report sales of $4.14 billion per share, with estimates ranging from $4.06 billion to $4.18 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Carlisle Companies.
Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 27th. The conglomerate reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. The company had revenue of $857.30 million for the quarter, compared to the consensus estimate of $832.50 million. Carlisle Companies had a return on equity of 15.67% and a net margin of 6.80%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $1.05 EPS.
A number of brokerages have commented on CSL. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Carlisle Companies in a report on Tuesday, May 9th. Zacks Investment Research cut Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, BMO Capital Markets reissued a “buy” rating and set a $130.00 target price on shares of Carlisle Companies in a report on Thursday, April 20th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $117.00.
Carlisle Companies (NYSE:CSL) opened at 102.06 on Friday. The firm’s 50-day moving average price is $103.31 and its 200 day moving average price is $107.61. The stock has a market cap of $6.59 billion, a PE ratio of 27.48 and a beta of 0.77. Carlisle Companies has a 12-month low of $98.22 and a 12-month high of $116.40.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Friday, May 12th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.37%. Carlisle Companies’s payout ratio is currently 36.75%.
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In other Carlisle Companies news, insider John E. Berlin sold 19,860 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $104.55, for a total transaction of $2,076,363.00. Following the completion of the transaction, the insider now owns 56,262 shares of the company’s stock, valued at $5,882,192.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.71% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its position in shares of Carlisle Companies by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,008 shares of the conglomerate’s stock worth $105,000 after buying an additional 25 shares during the last quarter. Israel Discount Bank of New York GFN purchased a new position in shares of Carlisle Companies during the fourth quarter worth approximately $178,000. Fairfax Financial Holdings Ltd Can purchased a new position in shares of Carlisle Companies during the first quarter worth approximately $202,000. Burney Co. purchased a new position in shares of Carlisle Companies during the fourth quarter worth approximately $211,000. Finally, Glenview Trust Co purchased a new position in shares of Carlisle Companies during the fourth quarter worth approximately $214,000. 87.64% of the stock is owned by institutional investors and hedge funds.
Carlisle Companies Company Profile
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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