Carlisle Companies, Inc. (NYSE:CSL) – Equities researchers at B. Riley issued their Q1 2018 EPS estimates for shares of Carlisle Companies in a research report issued on Monday. B. Riley analyst L. Burke anticipates that the conglomerate will post earnings per share of $0.99 for the quarter. B. Riley currently has a “Buy” rating and a $125.00 price objective on the stock. B. Riley also issued estimates for Carlisle Companies’ Q2 2018 earnings at $1.61 EPS, Q3 2018 earnings at $1.69 EPS, Q4 2018 earnings at $1.51 EPS and FY2019 earnings at $6.54 EPS.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.20. Carlisle Companies had a net margin of 8.94% and a return on equity of 13.60%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm earned $1.32 earnings per share. The firm’s quarterly revenue was up 20.0% on a year-over-year basis.
Shares of Carlisle Companies (CSL) opened at $104.86 on Tuesday. The company has a current ratio of 2.14, a quick ratio of 1.43 and a debt-to-equity ratio of 0.32. Carlisle Companies has a 1-year low of $92.09 and a 1-year high of $119.21. The firm has a market cap of $6,685.80, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 1.10 and a beta of 0.79.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.41%. Carlisle Companies’s payout ratio is 25.92%.
Carlisle Companies declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 6th that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Several institutional investors have recently made changes to their positions in the company. Eaton Vance Management increased its holdings in shares of Carlisle Companies by 32.2% in the 4th quarter. Eaton Vance Management now owns 66,658 shares of the conglomerate’s stock valued at $7,576,000 after acquiring an additional 16,250 shares during the period. State of Tennessee Treasury Department increased its holdings in shares of Carlisle Companies by 37.2% in the 4th quarter. State of Tennessee Treasury Department now owns 105,785 shares of the conglomerate’s stock valued at $12,022,000 after acquiring an additional 28,685 shares during the period. First Republic Investment Management Inc. increased its holdings in shares of Carlisle Companies by 416.0% in the 4th quarter. First Republic Investment Management Inc. now owns 12,983 shares of the conglomerate’s stock valued at $1,476,000 after acquiring an additional 10,467 shares during the period. Citadel Advisors LLC increased its holdings in shares of Carlisle Companies by 40.6% in the 4th quarter. Citadel Advisors LLC now owns 91,028 shares of the conglomerate’s stock valued at $10,346,000 after acquiring an additional 26,288 shares during the period. Finally, Stanley Laman Group Ltd. increased its holdings in shares of Carlisle Companies by 2.1% in the 4th quarter. Stanley Laman Group Ltd. now owns 49,306 shares of the conglomerate’s stock valued at $5,604,000 after acquiring an additional 996 shares during the period. 88.35% of the stock is currently owned by institutional investors and hedge funds.
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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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