Carlisle Companies (CSL) Scheduled to Post Earnings on Thursday

Carlisle Companies (NYSE:CSL) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Carlisle Companies to post earnings of $2.73 per share for the quarter. Carlisle Companies has set its FY 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 6th. The conglomerate reported $4.17 EPS for the quarter, topping the consensus estimate of $3.47 by $0.70. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.92 earnings per share. On average, analysts expect Carlisle Companies to post $19 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $368.76 on Thursday. The company has a market cap of $17.63 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 1.33 and a beta of 0.93. The firm’s fifty day moving average is $367.36 and its 200 day moving average is $314.67. The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. Carlisle Companies has a 52-week low of $205.10 and a 52-week high of $403.44.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio (DPR) is 22.31%.

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 700 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at $959,422.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the transaction, the insider now directly owns 5,212 shares of the company’s stock, valued at approximately $1,770,203.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David W. Smith sold 700 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total value of $236,978.00. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $959,422.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,255 shares of company stock worth $5,231,360. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Carlisle Companies

A number of institutional investors have recently made changes to their positions in CSL. RMB Capital Management LLC lifted its holdings in shares of Carlisle Companies by 0.5% in the fourth quarter. RMB Capital Management LLC now owns 11,622 shares of the conglomerate’s stock valued at $3,631,000 after buying an additional 55 shares during the period. Raymond James Trust N.A. raised its position in shares of Carlisle Companies by 3.5% in the first quarter. Raymond James Trust N.A. now owns 2,160 shares of the conglomerate’s stock valued at $531,000 after purchasing an additional 73 shares during the period. First National Bank of Omaha grew its stake in shares of Carlisle Companies by 0.9% in the second quarter. First National Bank of Omaha now owns 8,313 shares of the conglomerate’s stock worth $2,133,000 after acquiring an additional 74 shares during the last quarter. State of Wyoming boosted its stake in Carlisle Companies by 20.8% during the second quarter. State of Wyoming now owns 470 shares of the conglomerate’s stock worth $121,000 after buying an additional 81 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Carlisle Companies by 3.0% in the 3rd quarter. Creative Planning now owns 2,950 shares of the conglomerate’s stock valued at $765,000 after purchasing an additional 86 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of research reports. StockNews.com raised shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Robert W. Baird upped their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group initiated coverage on shares of Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price objective for the company. Loop Capital upped their price objective on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Oppenheimer upped their price objective on shares of Carlisle Companies from $355.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus price target of $389.17.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.