News stories about Carlisle Companies (NYSE:CSL) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Carlisle Companies earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the conglomerate an impact score of 46.7701115295066 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several analysts have recently issued reports on the company. Zacks Investment Research cut Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. B. Riley reiterated a “buy” rating and issued a $125.00 price objective on shares of Carlisle Companies in a research note on Friday, December 22nd. SunTrust Banks reiterated a “buy” rating and issued a $130.00 price objective on shares of Carlisle Companies in a research note on Friday, February 9th. Finally, Robert W. Baird reduced their price objective on Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Carlisle Companies currently has an average rating of “Buy” and a consensus target price of $124.63.
CSL stock traded up $0.21 during trading on Friday, reaching $105.41. The company’s stock had a trading volume of 765,258 shares, compared to its average volume of 377,890. Carlisle Companies has a one year low of $92.09 and a one year high of $119.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.73 and a current ratio of 2.50. The firm has a market capitalization of $6,513.18, a PE ratio of 18.46, a PEG ratio of 1.09 and a beta of 0.86.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.20. Carlisle Companies had a return on equity of 13.53% and a net margin of 8.94%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm earned $1.32 earnings per share. Carlisle Companies’s quarterly revenue was up 20.0% on a year-over-year basis. analysts anticipate that Carlisle Companies will post 6.07 earnings per share for the current year.
Carlisle Companies announced that its board has authorized a share buyback plan on Tuesday, February 6th that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the conglomerate to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Friday, February 16th. Carlisle Companies’s dividend payout ratio is presently 25.92%.
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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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