Carlisle Companies (CSL) to Release Quarterly Earnings on Thursday

Carlisle Companies (NYSE:CSL) will be posting its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Carlisle Companies to post earnings of $5.77 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $5.18 earnings per share. On average, analysts expect Carlisle Companies to post $21 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Carlisle Companies Stock Down 1.6 %

Shares of NYSE:CSL opened at $460.75 on Wednesday. The stock has a market capitalization of $21.93 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Carlisle Companies has a 1-year low of $235.79 and a 1-year high of $481.26. The company’s fifty day moving average is $430.69 and its two-hundred day moving average is $414.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio is 23.19%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CSL. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Oppenheimer increased their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Robert W. Baird increased their price objective on shares of Carlisle Companies from $500.00 to $506.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $476.50.

Insider Buying and Selling

In related news, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the sale, the chief financial officer now owns 35,641 shares of the company’s stock, valued at $15,157,760.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the transaction, the chief financial officer now owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David W. Smith sold 600 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.