$1.01 Billion in Sales Expected for Carlisle Companies, Inc. (CSL) This Quarter

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.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSL. FMR LLC raised its position in shares of Carlisle Companies by 17.4% in the 2nd quarter. FMR LLC now owns 503,769 shares of the conglomerate’s stock worth $48,060,000 after acquiring an additional 74,766 shares in the last quarter. Advisor Group Inc. raised its position in shares of Carlisle Companies by 8.7% in the 2nd quarter. Advisor Group Inc. now owns 3,428 shares of the conglomerate’s stock worth $327,000 after acquiring an additional 273 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Carlisle Companies by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 673,362 shares of the conglomerate’s stock worth $64,234,000 after acquiring an additional 7,035 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Carlisle Companies by 47.6% in the 2nd quarter. Voya Investment Management LLC now owns 88,854 shares of the conglomerate’s stock worth $8,477,000 after acquiring an additional 28,662 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Carlisle Companies by 12.4% in the 2nd quarter. Royal Bank of Canada now owns 128,740 shares of the conglomerate’s stock worth $12,283,000 after acquiring an additional 14,228 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

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.

ILLEGAL ACTIVITY WARNING: “$1.01 Billion in Sales Expected for Carlisle Companies, Inc. (CSL) This Quarter” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://sportsperspectives.com/2018/02/08/1-01-billion-in-sales-expected-for-carlisle-companies-inc-csl-this-quarter.html.

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.

Get a free copy of the Zacks research report on Carlisle Companies (CSL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Carlisle Companies (NYSE:CSL)

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.

Latest News

Leave a Reply