Wall Street brokerages forecast that Carlisle Companies, Inc. (NYSE:CSL) will post earnings of $1.73 per share for the current quarter, Zacks reports. Three analysts have made estimates for Carlisle Companies’ earnings. The lowest EPS estimate is $1.68 and the highest is $1.79. Carlisle Companies reported earnings of $2.42 per share in the same quarter last year, which indicates a negative year over year growth rate of 28.5%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, October 20th.
According to Zacks, analysts expect that Carlisle Companies will report full-year earnings of $5.56 per share for the current financial year, with EPS estimates ranging from $5.48 to $5.62. For the next year, analysts forecast that the firm will report earnings of $7.33 per share, with EPS estimates ranging from $7.05 to $7.82. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Carlisle Companies.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.26. Carlisle Companies had a return on equity of 15.60% and a net margin of 8.43%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $998.00 million.
CSL has been the topic of a number of research reports. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating and set a $122.00 price objective on the stock in a research note on Monday, July 6th. Oppenheimer began coverage on Carlisle Companies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $160.00 price target on the stock. Loop Capital upgraded Carlisle Companies from a “hold” rating to a “buy” rating and upped their price target for the company from $126.00 to $140.00 in a research report on Friday, June 26th. Credit Suisse Group reiterated a “buy” rating and set a $146.00 price target on shares of Carlisle Companies in a research report on Friday, July 24th. Finally, BMO Capital Markets upgraded Carlisle Companies from a “market perform” rating to an “outperform” rating and upped their price target for the company from $135.00 to $150.00 in a research report on Thursday, June 18th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $153.38.
Carlisle Companies stock traded up $1.35 during midday trading on Monday, reaching $124.17. The stock had a trading volume of 177,549 shares, compared to its average volume of 367,712. Carlisle Companies has a 12 month low of $97.55 and a 12 month high of $169.86. The firm’s 50-day moving average price is $124.78 and its 200 day moving average price is $121.08. The firm has a market capitalization of $6.78 billion, a PE ratio of 18.73, a P/E/G ratio of 1.36 and a beta of 0.84. The company has a quick ratio of 2.61, a current ratio of 3.51 and a debt-to-equity ratio of 0.83.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Carlisle Companies by 6.9% in the second quarter. Bank of America Corp DE now owns 444,091 shares of the conglomerate’s stock worth $53,144,000 after buying an additional 28,625 shares during the period. Stifel Financial Corp grew its stake in Carlisle Companies by 26.7% during the 2nd quarter. Stifel Financial Corp now owns 24,410 shares of the conglomerate’s stock valued at $2,921,000 after purchasing an additional 5,147 shares during the last quarter. Victory Capital Management Inc. grew its stake in Carlisle Companies by 4.0% during the 1st quarter. Victory Capital Management Inc. now owns 473,375 shares of the conglomerate’s stock valued at $59,304,000 after purchasing an additional 18,334 shares during the last quarter. O Shares Investment Advisers LLC grew its stake in Carlisle Companies by 169.2% during the 2nd quarter. O Shares Investment Advisers LLC now owns 12,953 shares of the conglomerate’s stock valued at $1,550,000 after purchasing an additional 8,142 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in Carlisle Companies during the 2nd quarter valued at about $201,000. 88.73% of the stock is owned by institutional investors.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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