Analysts Expect Carlisle Companies Incorporated (NYSE:CSL) Will Announce Earnings of $4.31 Per Share

Equities research analysts predict that Carlisle Companies Incorporated (NYSE:CSL – Get Rating) will announce $4.31 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Carlisle Companies’ earnings. The lowest EPS estimate is $3.84 and the highest is $4.77. Carlisle Companies reported earnings of $2.16 per share in the same quarter last year, which suggests a positive year over year growth rate of 99.5%. The business is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Carlisle Companies will report full-year earnings of $15.94 per share for the current year, with EPS estimates ranging from $14.27 to $17.60. For the next fiscal year, analysts anticipate that the business will post earnings of $17.73 per share, with EPS estimates ranging from $15.80 to $19.65. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Carlisle Companies.

Carlisle Companies (NYSE:CSL – Get Rating) last released its earnings results on Thursday, February 10th. The conglomerate reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.30. Carlisle Companies had a return on equity of 25.49% and a net margin of 10.49%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The company’s quarterly revenue was up 39.2% on a year-over-year basis.

Several equities analysts have weighed in on CSL shares. BMO Capital Markets increased their target price on Carlisle Companies from $260.00 to $290.00 in a research note on Tuesday, February 15th. Oppenheimer increased their price target on Carlisle Companies from $300.00 to $315.00 in a report on Friday, April 29th. Loop Capital increased their price target on Carlisle Companies from $285.00 to $305.00 in a report on Friday, April 8th. Credit Suisse Group assumed coverage on Carlisle Companies in a report on Tuesday, April 5th. They issued a “neutral” rating and a $275.00 price target for the company. Finally, Zacks Investment Research upgraded Carlisle Companies from a “hold” rating to a “strong-buy” rating and set a $306.00 price target for the company in a report on Wednesday. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Carlisle Companies has a consensus rating of “Buy” and a consensus target price of $292.29.

In other Carlisle Companies news, insider John E. Berlin sold 6,192 shares of the firm’s stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $236.94, for a total value of $1,467,132.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Douglas Charles Taylor sold 13,070 shares of the firm’s stock in a transaction that occurred on Friday, February 18th. The shares were sold at an average price of $235.73, for a total value of $3,080,991.10. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Trust Co. of Vermont bought a new position in Carlisle Companies in the fourth quarter valued at approximately $25,000. Quent Capital LLC acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $31,000. Signaturefd LLC lifted its position in shares of Carlisle Companies by 103.1% in the first quarter. Signaturefd LLC now owns 132 shares of the conglomerate’s stock valued at $32,000 after buying an additional 67 shares during the last quarter. DeDora Capital Inc. acquired a new stake in shares of Carlisle Companies in the first quarter valued at approximately $41,000. Finally, National Bank of Canada FI acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 89.68% of the company’s stock.

NYSE:CSL opened at $262.90 on Wednesday. Carlisle Companies has a 1-year low of $178.73 and a 1-year high of $275.13. The business’s 50-day moving average price is $245.07 and its two-hundred day moving average price is $237.63. The company has a current ratio of 1.88, a quick ratio of 1.32 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 1.01 and a beta of 0.99.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Tuesday, May 17th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, May 16th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 0.82%. Carlisle Companies’s payout ratio is presently 20.36%.

About Carlisle Companies (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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