Carlisle Companies Incorporated (NYSE:CSL) Expected to Post Quarterly Sales of $1.06 Billion

Equities analysts forecast that Carlisle Companies Incorporated (NYSE:CSL) will announce $1.06 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Carlisle Companies’ earnings, with the lowest sales estimate coming in at $1.05 billion and the highest estimate coming in at $1.08 billion. Carlisle Companies posted sales of $991.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 7%. The business is expected to report its next earnings report on Tuesday, October 24th.

On average, analysts expect that Carlisle Companies will report full year sales of $1.06 billion for the current financial year, with estimates ranging from $3.92 billion to $3.97 billion. For the next year, analysts forecast that the business will post sales of $4.12 billion per share, with estimates ranging from $4.06 billion to $4.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Carlisle Companies.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.58 EPS for the quarter, missing the consensus estimate of $1.61 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.75 EPS.

CSL has been the topic of a number of recent research reports. BMO Capital Markets reissued a “buy” rating and set a $130.00 price target on shares of Carlisle Companies in a research report on Thursday, April 20th. Oppenheimer Holdings, Inc. set a $120.00 price target on Carlisle Companies and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Zacks Investment Research downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, CIBC reaffirmed a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Carlisle Companies has a consensus rating of “Hold” and an average target price of $122.50.

Carlisle Companies (NYSE CSL) opened at 98.58 on Tuesday. Carlisle Companies has a 52-week low of $93.47 and a 52-week high of $116.40. The stock has a 50 day moving average price of $96.88 and a 200 day moving average price of $102.87. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 27.86 and a beta of 0.77.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, August 16th. This represents a $1.48 dividend on an annualized basis and a yield of 1.50%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.35. Carlisle Companies’s dividend payout ratio (DPR) is presently 39.66%.

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A number of large investors have recently modified their holdings of CSL. Teachers Advisors LLC increased its stake in shares of Carlisle Companies by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 132,286 shares of the conglomerate’s stock worth $14,590,000 after buying an additional 7,654 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Carlisle Companies during the fourth quarter worth $321,000. Quadrant Capital Group LLC increased its stake in shares of Carlisle Companies by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,008 shares of the conglomerate’s stock worth $105,000 after buying an additional 25 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Carlisle Companies by 74.4% in the first quarter. Bank of Montreal Can now owns 701,204 shares of the conglomerate’s stock worth $74,616,000 after buying an additional 299,037 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Carlisle Companies by 3.2% in the first quarter. Capstone Asset Management Co. now owns 9,286 shares of the conglomerate’s stock worth $988,000 after buying an additional 290 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Carlisle Companies (NYSE:CSL)

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