Q3 2017 EPS Estimates for Carlisle Companies Incorporated (CSL) Decreased by Analyst
Carlisle Companies Incorporated (NYSE:CSL) – Oppenheimer Holdings dropped their Q3 2017 earnings per share estimates for shares of Carlisle Companies in a note issued to investors on Wednesday. Oppenheimer Holdings analyst J. Giannakouros now forecasts that the conglomerate will earn $1.64 per share for the quarter, down from their previous estimate of $1.85. Oppenheimer Holdings has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Carlisle Companies’ FY2018 earnings at $6.30 EPS.
Several other analysts have also recently weighed in on the stock. CIBC reaffirmed a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday. BidaskClub cut shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Zacks Investment Research cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $130.00 price objective on shares of Carlisle Companies in a research note on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $118.25.
WARNING: This article was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/07/16/q3-2017-eps-estimates-for-carlisle-companies-incorporated-csl-decreased-by-analyst-updated-updated-updated.html.
Carlisle Companies (NYSE:CSL) opened at 95.88 on Friday. The firm has a market capitalization of $6.19 billion, a P/E ratio of 25.82 and a beta of 0.75. The firm has a 50-day moving average price of $100.60 and a 200-day moving average price of $106.24. Carlisle Companies has a 52 week low of $94.60 and a 52 week high of $116.40.
Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 27th. The conglomerate reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.04. Carlisle Companies had a return on equity of 15.44% and a net margin of 6.51%. The company had revenue of $857.30 million during the quarter, compared to the consensus estimate of $832.50 million. During the same period in the previous year, the firm posted $1.05 earnings per share. Carlisle Companies’s quarterly revenue was up 8.0% compared to the same quarter last year.
A number of hedge funds have recently modified their holdings of the company. Perigon Wealth Management LLC boosted its stake in shares of Carlisle Companies by 19.6% in the first quarter. Perigon Wealth Management LLC now owns 6,165 shares of the conglomerate’s stock valued at $656,000 after buying an additional 1,011 shares in the last quarter. Boston Common Asset Management LLC boosted its stake in Carlisle Companies by 7.5% in the first quarter. Boston Common Asset Management LLC now owns 72,656 shares of the conglomerate’s stock valued at $7,731,000 after buying an additional 5,095 shares during the period. Janus Capital Management LLC boosted its stake in Carlisle Companies by 3.8% in the first quarter. Janus Capital Management LLC now owns 54,600 shares of the conglomerate’s stock valued at $5,810,000 after buying an additional 2,000 shares during the period. Saturna Capital CORP boosted its stake in Carlisle Companies by 0.3% in the first quarter. Saturna Capital CORP now owns 332,050 shares of the conglomerate’s stock valued at $35,333,000 after buying an additional 850 shares during the period. Finally, Credit Suisse AG boosted its stake in Carlisle Companies by 39.7% in the first quarter. Credit Suisse AG now owns 104,478 shares of the conglomerate’s stock valued at $11,118,000 after buying an additional 29,685 shares during the period. 91.75% of the stock is currently owned by hedge funds and other institutional investors.
In other Carlisle Companies news, insider John E. Berlin sold 19,860 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $104.55, for a total transaction of $2,076,363.00. Following the sale, the insider now directly owns 56,262 shares of the company’s stock, valued at $5,882,192.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.12% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 12th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $1.40 annualized dividend and a yield of 1.46%. Carlisle Companies’s dividend payout ratio is 37.84%.
Carlisle Companies Company Profile
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
Receive News & Stock Ratings for Carlisle Companies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies Incorporated and related stocks with our FREE daily email newsletter.