Q3 2017 EPS Estimates for Carlisle Companies Incorporated (CSL) Reduced by Analyst
Carlisle Companies Incorporated (NYSE:CSL) – Stock analysts at SunTrust Banks dropped their Q3 2017 earnings per share estimates for shares of Carlisle Companies in a research report issued on Thursday. SunTrust Banks analyst C. Brady now forecasts that the conglomerate will post earnings per share of $1.34 for the quarter, down from their prior forecast of $1.47. SunTrust Banks currently has a “Buy” rating and a $120.00 price objective on the stock. SunTrust Banks also issued estimates for Carlisle Companies’ Q4 2017 earnings at $1.15 EPS, FY2017 earnings at $5.00 EPS, Q1 2018 earnings at $1.15 EPS, Q2 2018 earnings at $1.81 EPS, Q3 2018 earnings at $1.79 EPS and FY2018 earnings at $6.25 EPS.
A number of other equities research analysts also recently weighed in on CSL. Robert W. Baird reissued a “buy” rating on shares of Carlisle Companies in a research report on Wednesday, October 4th. FBR & Co reissued a “buy” rating on shares of Carlisle Companies in a research report on Tuesday, October 3rd. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, BMO Capital Markets reissued a “buy” rating and set a $130.00 target price on shares of Carlisle Companies in a research report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $122.00.
COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/13/q3-2017-eps-estimates-for-carlisle-companies-incorporated-csl-reduced-by-analyst.html. Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the company earned $1.75 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year.
In other Carlisle Companies news, insider John E. Berlin sold 6,250 shares of Carlisle Companies stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total transaction of $589,437.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.12% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas boosted its holdings in Carlisle Companies by 0.5% during the second quarter. Teacher Retirement System of Texas now owns 5,177 shares of the conglomerate’s stock valued at $494,000 after purchasing an additional 24 shares in the last quarter. Traynor Capital Management Inc. boosted its holdings in Carlisle Companies by 1.1% during the second quarter. Traynor Capital Management Inc. now owns 6,069 shares of the conglomerate’s stock valued at $589,000 after purchasing an additional 67 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Carlisle Companies by 3.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock valued at $233,000 after purchasing an additional 75 shares in the last quarter. US Bancorp DE boosted its holdings in Carlisle Companies by 0.9% during the second quarter. US Bancorp DE now owns 9,718 shares of the conglomerate’s stock valued at $927,000 after purchasing an additional 89 shares in the last quarter. Finally, Utah Retirement Systems boosted its holdings in Carlisle Companies by 0.9% during the second quarter. Utah Retirement Systems now owns 11,530 shares of the conglomerate’s stock valued at $1,100,000 after purchasing an additional 100 shares in the last quarter. 88.55% of the stock is currently owned by institutional investors.
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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