Carlisle Companies (CSL) Releases Quarterly Earnings Results, Beats Expectations By $0.20 EPS

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%.

Carlisle Companies declared that its board has authorized a stock buyback program on Tuesday, February 6th that authorizes the company to repurchase 5,000,000 outstanding shares. This repurchase authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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.

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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.

Earnings History for Carlisle Companies (NYSE:CSL)

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