Carlisle Companies (NYSE:CSL) announced its quarterly earnings results on Thursday. The conglomerate reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.20, Briefing.com reports. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the business posted $1.32 earnings per share. The company’s revenue was up 20.0% on a year-over-year basis.
Carlisle Companies (NYSE CSL) traded down $6.85 during mid-day trading on Friday, hitting $103.32. 556,646 shares of the company traded hands, compared to its average volume of 451,753. 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 capitalization of $6,878.60, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.13 and a beta of 0.79. Carlisle Companies has a one year low of $92.09 and a one year high of $119.21.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, February 16th. Carlisle Companies’s dividend payout ratio (DPR) is 29.31%.
CSL has been the topic of several analyst reports. FBR & Co set a $125.00 price target on Carlisle Companies and gave the company a “buy” rating in a research report on Wednesday, October 25th. SunTrust Banks upped their price target on Carlisle Companies to $126.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. B. Riley restated a “buy” rating on shares of Carlisle Companies in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research report on Tuesday, January 2nd. Finally, Oppenheimer restated a “hold” rating on shares of Carlisle Companies in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $124.13.
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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