Carlisle Companies Incorporated (NYSE:CSL) – Northcoast Research lowered their FY2017 earnings per share estimates for shares of Carlisle Companies in a research report issued on Wednesday, according to Zacks Investment Research. Northcoast Research analyst K. Hocevar now forecasts that the conglomerate will earn $4.95 per share for the year, down from their prior estimate of $5.00. Northcoast Research also issued estimates for Carlisle Companies’ FY2019 earnings at $6.85 EPS.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.02. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 EPS. ILLEGAL ACTIVITY WARNING: This news story was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.dispatchtribunal.com/2017/11/11/northcoast-research-brokers-cut-earnings-estimates-for-carlisle-companies-incorporated-csl.html.
CSL has been the topic of several other research reports. FBR & Co set a $125.00 price objective on Carlisle Companies and gave the stock a “buy” rating in a research note on Thursday, October 12th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $120.00 price objective on shares of Carlisle Companies in a research note on Wednesday, October 4th. Buckingham Research initiated coverage on Carlisle Companies in a research note on Tuesday, September 5th. They issued a “buy” rating and a $115.00 price target on the stock. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Carlisle Companies in a research note on Wednesday, October 25th. Finally, Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $122.33.
Shares of Carlisle Companies (CSL) traded up $0.08 during trading on Thursday, reaching $109.07. The company had a trading volume of 477,100 shares, compared to its average volume of 483,887. The firm has a market cap of $6,753.42, a P/E ratio of 20.18, a PEG ratio of 1.37 and a beta of 0.86. Carlisle Companies has a twelve month low of $92.09 and a twelve month high of $116.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.43.
Several hedge funds and other institutional investors have recently made changes to their positions in CSL. Janus Henderson Group PLC bought a new position in shares of Carlisle Companies in the 2nd quarter valued at about $181,824,000. Pioneer Investment Management Inc. bought a new position in Carlisle Companies during the second quarter worth about $73,025,000. Marshall Wace North America L.P. grew its holdings in Carlisle Companies by 84.9% during the second quarter. Marshall Wace North America L.P. now owns 1,203,524 shares of the conglomerate’s stock worth $114,334,000 after purchasing an additional 552,567 shares during the period. TimesSquare Capital Management LLC bought a new position in Carlisle Companies during the second quarter worth about $52,041,000. Finally, Schroder Investment Management Group grew its holdings in Carlisle Companies by 42.8% during the second quarter. Schroder Investment Management Group now owns 1,277,655 shares of the conglomerate’s stock worth $120,202,000 after purchasing an additional 383,088 shares during the period. Institutional investors own 91.03% of the company’s stock.
In other news, insider John E. Berlin sold 6,250 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total value of $589,437.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.12% of the stock is owned by company insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, November 16th. Carlisle Companies’s dividend payout ratio is 29.31%.
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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