Carlisle Companies Incorporated (CSL) Expected to Post Quarterly Sales of $1.06 Billion
Wall Street brokerages expect Carlisle Companies Incorporated (NYSE:CSL) to report sales of $1.06 billion for the current quarter, Zacks reports. Four analysts have made estimates for Carlisle Companies’ earnings, with estimates ranging from $1.05 billion to $1.08 billion. Carlisle Companies reported sales of $991.00 million during the same quarter last year, which indicates a positive year over year growth rate of 7%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that Carlisle Companies will report full year sales of $1.06 billion for the current year, with estimates ranging from $3.92 billion to $3.97 billion. For the next year, analysts anticipate that the business will report sales of $4.12 billion per share, with estimates ranging from $4.06 billion to $4.17 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Carlisle Companies.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by $0.03. Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted $1.75 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis.
A number of research firms recently commented on CSL. CIBC reiterated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, June 14th. BMO Capital Markets reiterated a “buy” rating and issued a $130.00 price target on shares of Carlisle Companies in a research note on Thursday, April 20th. FBR & Co reiterated an “outperform” rating and issued a $125.00 price target on shares of Carlisle Companies in a research note on Tuesday, July 11th. BidaskClub downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Finally, Zacks Investment Research downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $122.50.
Institutional investors have recently bought and sold shares of the company. NEXT Financial Group Inc increased its position in Carlisle Companies by 39.3% in the second quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock worth $104,000 after buying an additional 308 shares during the period. 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 in the last quarter. Creative Planning boosted its position in shares of Carlisle Companies by 8.8% in the second quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock worth $177,000 after buying an additional 150 shares in the last quarter. Fairfax Financial Holdings Ltd Can acquired a new position in shares of Carlisle Companies during the first quarter worth about $202,000. Finally, Palisade Capital Management LLC NJ acquired a new position in shares of Carlisle Companies during the first quarter worth about $225,000. Institutional investors and hedge funds own 95.18% of the company’s stock.
Shares of Carlisle Companies (CSL) opened at 98.58 on Tuesday. The stock has a market capitalization of $6.23 billion, a P/E ratio of 27.86 and a beta of 0.77. The stock has a 50 day moving average price of $96.88 and a 200 day moving average price of $102.87. Carlisle Companies has a 12-month low of $93.47 and a 12-month high of $116.40.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.50%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, August 16th. Carlisle Companies’s dividend payout ratio (DPR) is 39.66%.
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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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