Equities analysts expect Carlisle Companies, Inc. (NYSE:CSL) to report $1.01 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Carlisle Companies’ earnings, with estimates ranging from $965.90 million to $1.03 billion. Carlisle Companies posted sales of $893.50 million during the same quarter last year, which suggests a positive year over year growth rate of 13%. The firm is scheduled to report its next quarterly earnings report after the market closes on Thursday, February 8th.
According to Zacks, analysts expect that Carlisle Companies will report full-year sales of $1.01 billion for the current fiscal year, with estimates ranging from $3.98 billion to $4.05 billion. For the next financial year, analysts expect that the business will post sales of $4.61 billion per share, with estimates ranging from $4.56 billion to $4.70 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Carlisle Companies.
A number of equities research analysts have recently weighed in on the company. B. Riley reissued a “buy” rating on shares of Carlisle Companies in a research note on Wednesday, November 1st. FBR & Co set a $125.00 target price on Carlisle Companies and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Oppenheimer reissued a “hold” rating on shares of Carlisle Companies in a research note on Wednesday, October 25th. Finally, Robert W. Baird boosted their target price on Carlisle Companies from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Carlisle Companies has an average rating of “Hold” and a consensus target price of $123.25.
Carlisle Companies (NYSE CSL) traded down $0.79 during midday trading on Monday, hitting $110.17. The stock had a trading volume of 716,852 shares, compared to its average volume of 451,261. Carlisle Companies has a 12 month low of $92.09 and a 12 month high of $119.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 2.14. The company has a market cap of $6,739.74, a price-to-earnings ratio of 21.97, a PEG ratio of 1.11 and a beta of 0.79.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, February 16th. Carlisle Companies’s payout ratio is 29.31%.
Carlisle Companies declared that its board has approved a share repurchase plan on Tuesday, February 6th that allows the company to buyback 5,000,000 shares. This buyback authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
About Carlisle Companies
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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