Analysts forecast that Carlisle Companies Incorporated (NYSE:CSL) will announce sales of $1.07 billion for the current quarter, Zacks reports. Three analysts have provided estimates for Carlisle Companies’ earnings. The highest sales estimate is $1.09 billion and the lowest is $1.06 billion. Carlisle Companies reported sales of $1.14 billion during the same quarter last year, which would suggest a negative year over year growth rate of 6.1%. The firm is expected to report its next earnings results on Thursday, February 4th.
On average, analysts expect that Carlisle Companies will report full year sales of $4.25 billion for the current fiscal year, with estimates ranging from $4.24 billion to $4.27 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $4.45 billion, with estimates ranging from $4.41 billion to $4.50 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Carlisle Companies.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, October 20th. The conglomerate reported $1.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.13. Carlisle Companies had a net margin of 7.91% and a return on equity of 14.60%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business posted $2.40 EPS. Carlisle Companies’s quarterly revenue was down 12.0% on a year-over-year basis.
Several brokerages have recently commented on CSL. Credit Suisse Group increased their price target on shares of Carlisle Companies from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 21st. Zacks Investment Research upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating and set a $152.00 target price on the stock in a research note on Tuesday, December 1st. Loop Capital lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a research note on Friday, November 13th. Finally, Oppenheimer reiterated a “buy” rating and issued a $160.00 target price on shares of Carlisle Companies in a research note on Wednesday, October 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $156.86.
Shares of CSL opened at $156.18 on Friday. The company’s fifty day moving average is $151.10 and its 200-day moving average is $130.70. Carlisle Companies has a 12 month low of $97.55 and a 12 month high of $169.86. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95. The company has a quick ratio of 2.52, a current ratio of 3.31 and a debt-to-equity ratio of 0.84.
In other Carlisle Companies news, CFO Robert M. Roche sold 5,600 shares of the stock in a transaction on Friday, December 4th. The shares were sold at an average price of $150.03, for a total value of $840,168.00. Following the completion of the sale, the chief financial officer now directly owns 28,126 shares of the company’s stock, valued at approximately $4,219,743.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO D Christian Koch sold 36,787 shares of the stock in a transaction on Monday, November 16th. The shares were sold at an average price of $143.14, for a total transaction of $5,265,691.18. Following the completion of the sale, the chief executive officer now directly owns 158,789 shares of the company’s stock, valued at $22,729,057.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,515 shares of company stock valued at $6,842,436. Insiders own 1.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of CSL. Caisse DE Depot ET Placement DU Quebec bought a new stake in Carlisle Companies in the 3rd quarter valued at $170,969,000. Alps Advisors Inc. bought a new position in shares of Carlisle Companies during the 3rd quarter worth about $2,366,000. Wells Fargo & Company MN lifted its holdings in shares of Carlisle Companies by 33.1% during the 3rd quarter. Wells Fargo & Company MN now owns 3,291,459 shares of the conglomerate’s stock worth $402,775,000 after acquiring an additional 818,115 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Carlisle Companies by 10.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,422,800 shares of the conglomerate’s stock worth $410,668,000 after acquiring an additional 310,846 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Carlisle Companies by 662.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 294,303 shares of the conglomerate’s stock worth $36,014,000 after acquiring an additional 255,719 shares during the period. 89.02% of the stock is owned by hedge funds and other institutional investors.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. The company's 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; specialty polyurethane products; vapor and air barriers, HVAC duct sealants, and hardware; and block molded polystyrene.
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