Carlisle Companies, Inc. (NYSE:CSL) – Analysts at B. Riley dropped their FY2018 earnings estimates for Carlisle Companies in a report issued on Monday. B. Riley analyst L. Burke now expects that the conglomerate will post earnings of $5.80 per share for the year, down from their previous forecast of $6.27. B. Riley has a “Buy” rating and a $125.00 price target on the stock.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, February 8th. The conglomerate reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.20. Carlisle Companies had a return on equity of 13.60% and a net margin of 8.94%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the firm earned $1.32 EPS. Carlisle Companies’s quarterly revenue was up 20.0% on a year-over-year basis.
Shares of Carlisle Companies (CSL) traded down $0.96 during midday trading on Wednesday, reaching $104.83. The company’s stock had a trading volume of 104,198 shares, compared to its average volume of 518,397. Carlisle Companies has a 12-month low of $92.09 and a 12-month high of $119.21. The company has a current ratio of 2.14, a quick ratio of 1.43 and a debt-to-equity ratio of 0.32. The firm has a market cap of $6,500.45, a price-to-earnings ratio of 18.35, a PEG ratio of 1.07 and a beta of 0.79.
Institutional investors and hedge funds have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Carlisle Companies in the 3rd quarter worth approximately $100,000. Toronto Dominion Bank acquired a new position in shares of Carlisle Companies in the 3rd quarter worth approximately $126,000. Cerebellum GP LLC acquired a new position in Carlisle Companies during the 4th quarter valued at approximately $128,000. Marble Harbor Investment Counsel LLC acquired a new position in Carlisle Companies during the 3rd quarter valued at approximately $201,000. Finally, Advisory Services Network LLC boosted its position in Carlisle Companies by 4,659.0% during the 4th quarter. Advisory Services Network LLC now owns 1,856 shares of the conglomerate’s stock valued at $211,000 after purchasing an additional 1,817 shares during the period. Institutional investors own 88.35% of the company’s stock.
Carlisle Companies declared that its board has initiated a share buyback plan on Tuesday, February 6th that authorizes the company to buyback 5,000,000 shares. This buyback authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be given a $0.37 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.48 annualized dividend and a dividend yield of 1.41%. Carlisle Companies’s payout ratio is 25.92%.
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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