Carlisle Companies Incorporated (CSL) Issues Earnings Results, Beats Expectations By $0.02 EPS
Carlisle Companies Incorporated (NYSE:CSL) posted its quarterly earnings data on Tuesday. The conglomerate reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.02, Briefing.com reports. Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company posted $1.74 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis.
Carlisle Companies (NYSE CSL) traded up 1.09% during trading on Tuesday, hitting $105.62. 556,064 shares of the stock were exchanged. The stock’s 50 day moving average price is $99.41 and its 200 day moving average price is $99.13. The stock has a market cap of $6.67 billion, a P/E ratio of 29.85 and a beta of 0.79. Carlisle Companies has a 12 month low of $92.09 and a 12 month high of $116.40.
CSL has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Robert W. Baird restated a “buy” rating on shares of Carlisle Companies in a research note on Wednesday, October 4th. Zacks Investment Research upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Carlisle Companies in a research note on Sunday, August 27th. Finally, BMO Capital Markets restated a “buy” rating and issued a $130.00 target price on shares of Carlisle Companies in a research note on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Carlisle Companies currently has a consensus rating of “Hold” and a consensus target price of $122.00.
TRADEMARK VIOLATION NOTICE: “Carlisle Companies Incorporated (CSL) Issues Earnings Results, Beats Expectations By $0.02 EPS” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/24/carlisle-companies-incorporated-csl-issues-earnings-results-beats-expectations-by-0-02-eps.html.
In other Carlisle Companies news, insider John E. Berlin sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total transaction of $589,437.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.12% of the stock is owned by corporate insiders.
About Carlisle Companies
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.
Receive News & Ratings for Carlisle Companies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.