Q1 2019 EPS Estimates for Carlisle Companies, Inc. (CSL) Cut by Analyst

Carlisle Companies, Inc. (NYSE:CSL) – Equities research analysts at Northcoast Research cut their Q1 2019 earnings per share estimates for Carlisle Companies in a report released on Monday, March 18th. Northcoast Research analyst K. Hocevar now expects that the conglomerate will post earnings of $1.11 per share for the quarter, down from their prior estimate of $1.16. Northcoast Research also issued estimates for Carlisle Companies’ Q2 2019 earnings at $2.39 EPS, Q3 2019 earnings at $2.18 EPS and FY2020 earnings at $8.20 EPS.

A number of other research analysts also recently commented on the company. BMO Capital Markets increased their price target on Carlisle Companies from $115.00 to $125.00 and gave the company a “market perform” rating in a report on Tuesday, February 19th. SunTrust Banks reaffirmed a “buy” rating and set a $138.00 target price on shares of Carlisle Companies in a report on Sunday, February 10th. Oppenheimer increased their target price on Carlisle Companies to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 8th. Robert W. Baird set a $134.00 target price on Carlisle Companies and gave the stock a “buy” rating in a report on Friday, February 8th. Finally, Zacks Investment Research raised Carlisle Companies from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a report on Monday, December 31st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $126.86.

Shares of CSL opened at $121.87 on Tuesday. The stock has a market capitalization of $7.16 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02. Carlisle Companies has a one year low of $92.16 and a one year high of $129.47. The company has a quick ratio of 2.69, a current ratio of 3.45 and a debt-to-equity ratio of 0.61.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, February 7th. The conglomerate reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.28. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Carlisle Companies had a return on equity of 14.14% and a net margin of 13.59%. Carlisle Companies’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.73 earnings per share.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Carlisle Companies by 2.5% during the 4th quarter. BlackRock Inc. now owns 5,199,432 shares of the conglomerate’s stock worth $522,647,000 after purchasing an additional 125,249 shares during the period. Atlanta Capital Management Co. L L C raised its position in shares of Carlisle Companies by 11.3% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 3,229,436 shares of the conglomerate’s stock worth $324,623,000 after purchasing an additional 327,768 shares during the period. Select Equity Group L.P. raised its position in shares of Carlisle Companies by 82.3% during the 3rd quarter. Select Equity Group L.P. now owns 1,394,484 shares of the conglomerate’s stock worth $169,848,000 after purchasing an additional 629,420 shares during the period. Harris Associates L P raised its position in shares of Carlisle Companies by 60.3% during the 4th quarter. Harris Associates L P now owns 1,244,010 shares of the conglomerate’s stock worth $125,048,000 after purchasing an additional 468,140 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Carlisle Companies by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 962,410 shares of the conglomerate’s stock worth $96,735,000 after purchasing an additional 37,916 shares during the period. Institutional investors and hedge funds own 89.80% of the company’s stock.

In other Carlisle Companies news, insider John E. Berlin sold 15,150 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $124.24, for a total transaction of $1,882,236.00. Following the transaction, the insider now owns 47,221 shares of the company’s stock, valued at approximately $5,866,737.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David A. Roberts sold 3,610 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $121.50, for a total value of $438,615.00. Following the sale, the director now owns 84,762 shares in the company, valued at $10,298,583. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,865 shares of company stock worth $8,452,327. 2.40% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 20th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, February 19th. Carlisle Companies’s dividend payout ratio is presently 25.72%.

Carlisle Companies announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 5th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

About Carlisle Companies

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

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