Carlisle Companies (NYSE:CSL) – Equities researchers at B. Riley dropped their Q1 2018 EPS estimates for shares of Carlisle Companies in a note issued to investors on Monday, April 16th. B. Riley analyst L. Burke now expects that the conglomerate will post earnings of $0.96 per share for the quarter, down from their previous forecast of $0.99. B. Riley has a “Buy” rating and a $125.00 price target on the stock. B. Riley also issued estimates for Carlisle Companies’ Q2 2018 earnings at $1.60 EPS, Q3 2018 earnings at $1.66 EPS and Q4 2018 earnings at $1.58 EPS.
Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research report on Tuesday, January 2nd. SunTrust Banks reissued a “buy” rating and issued a $130.00 target price on shares of Carlisle Companies in a research report on Friday, February 9th. BMO Capital Markets decreased their target price on shares of Carlisle Companies from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, April 6th. Finally, Robert W. Baird decreased their target price on shares of Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Carlisle Companies has a consensus rating of “Buy” and an average target price of $123.38.
CSL stock 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 capitalization of $6,138.13, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 1.12 and a beta of 0.85. Carlisle Companies has a 12 month low of $92.09 and a 12 month high of $119.21.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, February 8th. The conglomerate reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. Carlisle Companies had a net margin of 8.94% and a return on equity of 13.53%. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 earnings per share.
Several hedge funds and other institutional investors have recently bought and sold shares of CSL. Cerebellum GP LLC bought a new stake in shares of Carlisle Companies during the 4th quarter worth $128,000. Advisory Services Network LLC boosted its holdings in shares of Carlisle Companies by 4,659.0% during the 4th quarter. Advisory Services Network LLC now owns 1,856 shares of the conglomerate’s stock worth $211,000 after buying an additional 1,817 shares during the period. Glenview Trust Co bought a new stake in shares of Carlisle Companies during the 4th quarter worth $220,000. Creative Planning bought a new stake in shares of Carlisle Companies during the 4th quarter worth $221,000. Finally, Wolverine Trading LLC boosted its holdings in shares of Carlisle Companies by 174.9% during the 4th quarter. Wolverine Trading LLC now owns 2,097 shares of the conglomerate’s stock worth $238,000 after buying an additional 4,897 shares during the period. 88.02% of the stock is owned by institutional investors and hedge funds.
Carlisle Companies announced that its board has initiated a stock buyback program on Tuesday, February 6th that permits the company to buyback 5,000,000 shares. This buyback authorization permits 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 shares are undervalued.
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Carlisle Companies Company Profile
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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