Carlisle Companies Incorporated (NYSE:CSL) – Analysts at Oppenheimer Holdings lowered their FY2017 earnings per share estimates for Carlisle Companies in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst J. Giannakouros now expects that the conglomerate will post earnings per share of $4.87 for the year, down from their previous estimate of $5.00. Oppenheimer Holdings currently has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Carlisle Companies’ Q4 2017 earnings at $0.95 EPS, FY2018 earnings at $5.90 EPS and FY2019 earnings at $6.95 EPS.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.02. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $1.74 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: “Carlisle Companies Incorporated (CSL) to Post FY2017 Earnings of $4.87 Per Share, Oppenheimer Holdings Forecasts” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/11/17/carlisle-companies-incorporated-csl-to-post-fy2017-earnings-of-4-87-per-share-oppenheimer-holdings-forecasts.html.
A number of other analysts also recently issued reports on CSL. B. Riley reaffirmed a “buy” rating on shares of Carlisle Companies in a research note on Wednesday, November 1st. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Robert W. Baird reiterated a “buy” rating on shares of Carlisle Companies in a report on Wednesday, October 4th. Finally, FBR & Co reiterated a “buy” rating on shares of Carlisle Companies in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $122.33.
Carlisle Companies (NYSE:CSL) traded down $0.05 during trading hours on Friday, reaching $108.83. The company’s stock had a trading volume of 247,876 shares, compared to its average volume of 480,862. The company has a current ratio of 2.14, a quick ratio of 1.43 and a debt-to-equity ratio of 0.32. Carlisle Companies has a 1-year low of $92.09 and a 1-year high of $116.40. The company has a market cap of $6,714.94, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.36 and a beta of 0.86.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, November 16th. Carlisle Companies’s payout ratio is currently 29.31%.
In related news, insider John E. Berlin sold 6,250 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total transaction of $589,437.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.12% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. purchased a new position in Carlisle Companies during the 3rd quarter valued at $100,000. Toronto Dominion Bank purchased a new position in Carlisle Companies during the 3rd quarter valued at $126,000. Creative Planning boosted its holdings in Carlisle Companies by 8.8% during the 2nd quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock valued at $177,000 after acquiring an additional 150 shares during the period. Marble Harbor Investment Counsel LLC purchased a new position in Carlisle Companies during the 3rd quarter valued at $201,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Carlisle Companies by 3.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock valued at $233,000 after acquiring an additional 75 shares during the period. Institutional investors own 90.06% of the company’s stock.
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.
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