Carlisle Companies (NYSE:CSL) will be posting its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect Carlisle Companies to post earnings of $1.13 per share for the quarter.
Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, February 7th. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.28. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Carlisle Companies had a net margin of 13.59% and a return on equity of 14.14%. Carlisle Companies’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 EPS. On average, analysts expect Carlisle Companies to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Shares of CSL stock opened at $127.46 on Tuesday. The company has a current ratio of 3.45, a quick ratio of 2.69 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $7.26 billion, a PE ratio of 20.49, a PEG ratio of 1.14 and a beta of 1.01. Carlisle Companies has a 52-week low of $92.16 and a 52-week high of $129.47.
A number of brokerages have recently issued reports on CSL. Robert W. Baird set a $134.00 target price on shares of Carlisle Companies and gave the company a “buy” rating in a report on Tuesday, April 9th. Zacks Investment Research cut shares of Carlisle Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. Oppenheimer upped their target price on shares of Carlisle Companies from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, April 5th. BMO Capital Markets upped their target price on shares of Carlisle Companies from $115.00 to $125.00 and gave the company a “market perform” rating in a report on Tuesday, February 19th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $138.00 target price on shares of Carlisle Companies in a report on Sunday, February 10th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $127.57.
In other Carlisle Companies news, insider John E. Berlin sold 15,150 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $124.24, for a total value of $1,882,236.00. Following the transaction, the insider now directly owns 47,221 shares of the company’s stock, valued at approximately $5,866,737.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Scott C. Selbach sold 20,850 shares of the stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $119.83, for a total transaction of $2,498,455.50. Following the completion of the transaction, the vice president now directly owns 62,916 shares in the company, valued at $7,539,224.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,865 shares of company stock worth $8,452,327. 1.70% of the stock is owned by insiders.
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Carlisle Companies Company Profile
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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