$2.40 Earnings Per Share Expected for Carlisle Companies, Inc. (NYSE:CSL) This Quarter
Equities analysts expect Carlisle Companies, Inc. (NYSE:CSL) to announce earnings of $2.40 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Carlisle Companies’ earnings. The highest EPS estimate is $2.41 and the lowest is $2.39. Carlisle Companies posted earnings of $1.97 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 21.8%. The business is scheduled to announce its next quarterly earnings report on Tuesday, July 23rd.
On average, analysts expect that Carlisle Companies will report full-year earnings of $7.80 per share for the current fiscal year, with EPS estimates ranging from $7.75 to $7.84. For the next fiscal year, analysts forecast that the business will report earnings of $8.66 per share, with EPS estimates ranging from $8.35 to $8.85. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Carlisle Companies.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.31. Carlisle Companies had a net margin of 8.34% and a return on equity of 15.22%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. Carlisle Companies’s quarterly revenue was up 8.9% on a year-over-year basis.
Shares of NYSE CSL traded down $0.01 during midday trading on Friday, hitting $137.91. 1,459 shares of the company traded hands, compared to its average volume of 385,041. Carlisle Companies has a 12-month low of $92.16 and a 12-month high of $142.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.96 and a quick ratio of 2.15. The stock has a market capitalization of $7.87 billion, a P/E ratio of 22.21, a P/E/G ratio of 1.18 and a beta of 1.05.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, May 14th. Carlisle Companies’s payout ratio is currently 25.72%.
A number of large investors have recently bought and sold shares of CSL. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Carlisle Companies by 18.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,560 shares of the conglomerate’s stock worth $458,000 after buying an additional 723 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Carlisle Companies by 5.6% in the fourth quarter. Xact Kapitalforvaltning AB now owns 9,509 shares of the conglomerate’s stock worth $956,000 after buying an additional 500 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Carlisle Companies by 34.6% in the fourth quarter. Advisors Asset Management Inc. now owns 7,068 shares of the conglomerate’s stock worth $710,000 after buying an additional 1,816 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Carlisle Companies by 40.9% in the fourth quarter. Rhumbline Advisers now owns 169,051 shares of the conglomerate’s stock worth $16,993,000 after buying an additional 49,036 shares in the last quarter. Finally, First Mercantile Trust Co. lifted its stake in shares of Carlisle Companies by 60.2% in the fourth quarter. First Mercantile Trust Co. now owns 1,995 shares of the conglomerate’s stock worth $200,000 after buying an additional 750 shares in the last quarter. 87.39% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading: What is the QQQ ETF?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter.