Carlisle Companies (NYSE:CSL) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of $1.05 per share for the quarter.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, February 8th. The conglomerate reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.20. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. Carlisle Companies had a return on equity of 13.53% and a net margin of 8.94%. The firm’s revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.32 EPS. On average, analysts expect Carlisle Companies to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
CSL opened at $100.43 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 2.50 and a debt-to-equity ratio of 0.63. The company has a market cap of $6,138.13, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.12 and a beta of 0.85. Carlisle Companies has a 52 week low of $92.09 and a 52 week high of $119.21.
Carlisle Companies declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 6th that allows the company to buyback 5,000,000 shares. This buyback authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
CSL has been the subject of a number of analyst reports. Zacks Investment Research downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. B. Riley set a $125.00 target price on Carlisle Companies and gave the stock a “buy” rating in a research note on Thursday, February 22nd. BMO Capital Markets cut their target price on Carlisle Companies from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, April 6th. SunTrust Banks reissued a “buy” rating and set a $130.00 target price on shares of Carlisle Companies in a research note on Friday, February 9th. Finally, Robert W. Baird cut their target price on Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $123.38.
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About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene 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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