Carlisle Companies (CSL) Announces Quarterly Earnings Results

Carlisle Companies (NYSE:CSL) released its quarterly earnings data on Thursday. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.20, reports. Carlisle Companies had a net margin of 8.35% and a return on equity of 14.11%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the firm earned $1.32 earnings per share. Carlisle Companies’s revenue for the quarter was up 20.0% on a year-over-year basis.

Carlisle Companies (NYSE:CSL) traded down $7.69 during midday trading on Friday, hitting $102.48. 448,733 shares of the stock were exchanged, compared to its average volume of 440,094. Carlisle Companies has a twelve month low of $92.09 and a twelve month high of $119.21. The company has a current ratio of 2.14, a quick ratio of 1.43 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $6,878.60, a PE ratio of 20.30, a P/E/G ratio of 1.13 and a beta of 0.79.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, February 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.44%. Carlisle Companies’s payout ratio is currently 29.31%.

CSL has been the subject of several research reports. B. Riley reiterated a “buy” rating and set a $125.00 price objective on shares of Carlisle Companies in a research note on Friday, December 22nd. Zacks Investment Research upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research note on Tuesday, January 2nd. FBR & Co set a $125.00 target price on shares of Carlisle Companies and gave the stock a “buy” rating in a research report on Thursday, October 12th. SunTrust Banks boosted their target price on shares of Carlisle Companies to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Oppenheimer reissued a “hold” rating on shares of Carlisle Companies in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Carlisle Companies has an average rating of “Hold” and a consensus target price of $124.13.

Carlisle Companies declared that its board has approved a share repurchase program on Tuesday, February 6th that permits the company to buyback 5,000,000 outstanding shares. This buyback authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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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.

Earnings History for Carlisle Companies (NYSE:CSL)

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