Wall Street brokerages predict that Carlisle Companies Incorporated (NYSE:CSL) will post $1.60 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Carlisle Companies’ earnings. The highest EPS estimate is $1.66 and the lowest is $1.53. Carlisle Companies posted earnings of $1.75 per share in the same quarter last year, which would suggest a negative year over year growth rate of 8.6%. The firm is expected to issue its next earnings results after the market closes on Tuesday, July 25th.
On average, analysts expect that Carlisle Companies will report full-year earnings of $5.60 per share for the current year, with EPS estimates ranging from $5.30 to $5.80. For the next fiscal year, analysts anticipate that the business will post earnings of $6.35 per share, with EPS estimates ranging from $6.08 to $6.64. Zacks Investment Research’s earnings per share 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 results on Thursday, April 27th. The conglomerate reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The firm had revenue of $857.30 million for the quarter, compared to analyst estimates of $832.50 million. Carlisle Companies had a return on equity of 15.44% and a net margin of 6.51%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share.
A number of research firms have issued reports on CSL. CIBC reaffirmed a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. BMO Capital Markets reaffirmed a “buy” rating and issued a $130.00 price target on shares of Carlisle Companies in a research report on Thursday, April 20th. FBR & Co reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Carlisle Companies in a research report on Tuesday, July 11th. BidaskClub lowered Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Finally, Zacks Investment Research lowered Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $122.50.
Carlisle Companies (NYSE CSL) traded up 0.37% during trading on Friday, reaching $98.05. The company’s stock had a trading volume of 100,853 shares. Carlisle Companies has a 1-year low of $93.47 and a 1-year high of $116.40. The stock has a market capitalization of $6.33 billion, a PE ratio of 26.40 and a beta of 0.77. The stock has a 50 day moving average price of $98.76 and a 200 day moving average price of $105.04.
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In related news, insider John E. Berlin sold 19,860 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $104.55, for a total transaction of $2,076,363.00. Following the transaction, the insider now owns 56,262 shares in the company, valued at approximately $5,882,192.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.12% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Carlisle Companies by 2,245.8% in the first quarter. BlackRock Inc. now owns 5,977,338 shares of the conglomerate’s stock valued at $636,048,000 after buying an additional 5,722,532 shares during the period. MARSHALL WACE ASIA Ltd bought a new position in shares of Carlisle Companies during the first quarter valued at $69,002,000. Marshall Wace North America L.P. bought a new position in shares of Carlisle Companies during the first quarter valued at $69,002,000. Schroder Investment Management Group increased its position in shares of Carlisle Companies by 161.0% in the first quarter. Schroder Investment Management Group now owns 894,567 shares of the conglomerate’s stock valued at $95,182,000 after buying an additional 551,884 shares during the period. Finally, Norges Bank bought a new position in shares of Carlisle Companies during the fourth quarter valued at $59,550,000. Institutional investors own 91.41% of the company’s stock.
About Carlisle Companies
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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