$1.05 Billion in Sales Expected for Carlisle Companies, Inc. (CSL) This Quarter

Analysts expect Carlisle Companies, Inc. (NYSE:CSL) to post sales of $1.05 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Carlisle Companies’ earnings, with the lowest sales estimate coming in at $1.03 billion and the highest estimate coming in at $1.07 billion. Carlisle Companies reported sales of $1.07 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.9%. The business is scheduled to announce its next earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Carlisle Companies will report full year sales of $4.45 billion for the current year, with estimates ranging from $4.43 billion to $4.47 billion. For the next financial year, analysts anticipate that the company will post sales of $4.66 billion, with estimates ranging from $4.59 billion to $4.77 billion. Zacks’ sales averages are an average based on a survey of research analysts that cover Carlisle Companies.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.14). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. Carlisle Companies had a return on equity of 13.47% and a net margin of 14.21%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.37 earnings per share.

A number of equities analysts recently issued reports on the stock. B. Riley set a $130.00 target price on shares of Carlisle Companies and gave the stock a “buy” rating in a research report on Thursday, October 25th. Oppenheimer restated a “hold” rating on shares of Carlisle Companies in a research note on Thursday, October 4th. Zacks Investment Research downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. BMO Capital Markets downgraded shares of Carlisle Companies from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $140.00 to $125.00 in a research report on Monday, October 8th. Finally, ValuEngine downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Carlisle Companies has an average rating of “Hold” and an average target price of $128.50.

In other Carlisle Companies news, Director David A. Roberts sold 36,533 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $127.52, for a total transaction of $4,658,688.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System boosted its stake in shares of Carlisle Companies by 1.2% during the second quarter. Arizona State Retirement System now owns 42,314 shares of the conglomerate’s stock valued at $4,583,000 after purchasing an additional 498 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Carlisle Companies by 8.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,136 shares of the conglomerate’s stock valued at $773,000 after acquiring an additional 556 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Carlisle Companies by 2.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 24,915 shares of the conglomerate’s stock valued at $2,699,000 after acquiring an additional 690 shares in the last quarter. Aperio Group LLC grew its holdings in Carlisle Companies by 3.4% during the third quarter. Aperio Group LLC now owns 21,143 shares of the conglomerate’s stock worth $2,575,000 after buying an additional 694 shares in the last quarter. Finally, Elk Creek Partners LLC grew its holdings in Carlisle Companies by 1.3% during the third quarter. Elk Creek Partners LLC now owns 57,077 shares of the conglomerate’s stock worth $6,952,000 after buying an additional 706 shares in the last quarter. Hedge funds and other institutional investors own 87.33% of the company’s stock.

NYSE CSL opened at $101.15 on Friday. Carlisle Companies has a 12-month low of $92.16 and a 12-month high of $129.47. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.21 and a beta of 1.12. The company has a quick ratio of 2.55, a current ratio of 3.27 and a debt-to-equity ratio of 0.59.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Monday, November 19th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.58%. The ex-dividend date was Friday, November 16th. Carlisle Companies’s dividend payout ratio is 28.93%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene 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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