Brokerages predict that Carlisle Companies Incorporated (NYSE:CSL – Get Rating) will report sales of $1.34 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Carlisle Companies’ earnings, with estimates ranging from $1.33 billion to $1.35 billion. Carlisle Companies reported sales of $1.03 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 30.1%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Monday, January 1st.
On average, analysts expect that Carlisle Companies will report full year sales of $6.07 billion for the current year, with estimates ranging from $6.06 billion to $6.08 billion. For the next year, analysts forecast that the firm will post sales of $6.45 billion, with estimates ranging from $6.38 billion to $6.52 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Carlisle Companies.
Carlisle Companies (NYSE:CSL – Get Rating) last released its quarterly earnings data on Thursday, February 10th. The conglomerate reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.30. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.29 billion. Carlisle Companies had a return on equity of 20.32% and a net margin of 8.61%. The firm’s revenue was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.48 earnings per share.
NYSE CSL opened at $244.29 on Friday. The stock has a 50-day simple moving average of $237.63 and a 200 day simple moving average of $232.28. The company has a market capitalization of $12.72 billion, a PE ratio of 30.84, a P/E/G ratio of 1.00 and a beta of 1.10. The company has a current ratio of 1.84, a quick ratio of 1.32 and a debt-to-equity ratio of 0.98. Carlisle Companies has a 12 month low of $171.33 and a 12 month high of $255.00.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 1st. Stockholders of record on Friday, February 18th were given a dividend of $0.54 per share. The ex-dividend date was Thursday, February 17th. This represents a $2.16 annualized dividend and a dividend yield of 0.88%. Carlisle Companies’s dividend payout ratio is currently 27.27%.
In related news, VP Douglas Charles Taylor sold 13,070 shares of the company’s stock in a transaction dated Friday, February 18th. The stock was sold at an average price of $235.73, for a total transaction of $3,080,991.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John E. Berlin sold 6,192 shares of the company’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $236.94, for a total value of $1,467,132.48. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSL. Trust Co. of Vermont bought a new stake in Carlisle Companies in the fourth quarter valued at approximately $25,000. Quent Capital LLC bought a new stake in Carlisle Companies in the fourth quarter valued at approximately $31,000. DeDora Capital Inc. bought a new stake in Carlisle Companies in the first quarter valued at approximately $41,000. National Bank of Canada FI bought a new stake in Carlisle Companies in the fourth quarter valued at approximately $45,000. Finally, Deseret Mutual Benefit Administrators raised its stake in Carlisle Companies by 115.6% in the third quarter. Deseret Mutual Benefit Administrators now owns 235 shares of the conglomerate’s stock valued at $47,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 93.00% of the company’s stock.
Carlisle Companies Company Profile (Get Rating)
Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.
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