Carlisle Companies Incorporated (NYSE:CSL) – FBR & Co lowered their FY2017 earnings estimates for Carlisle Companies in a note issued to investors on Thursday. FBR & Co analyst L. Burke now forecasts that the conglomerate will post earnings per share of $4.88 for the year, down from their prior estimate of $5.36. FBR & Co currently has a “Buy” rating and a $125.00 target price on the stock. FBR & Co also issued estimates for Carlisle Companies’ Q4 2017 earnings at $1.10 EPS and FY2018 earnings at $6.09 EPS.
Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, July 25th. The conglomerate reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.03). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.75 earnings per share. ILLEGAL ACTIVITY NOTICE: This news story was reported by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.tickerreport.com/banking-finance/2957113/fbr-co-analysts-reduce-earnings-estimates-for-carlisle-companies-incorporated-csl.html.
Several other equities analysts have also recently issued reports on CSL. BidaskClub upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research cut shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Robert W. Baird reiterated an “outperform” rating on shares of Carlisle Companies in a research report on Monday, July 10th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Carlisle Companies in a research report on Sunday, August 27th. Finally, Buckingham Research initiated coverage on shares of Carlisle Companies in a research report on Tuesday, September 5th. They set a “buy” rating and a $115.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $122.00.
Shares of Carlisle Companies (NYSE:CSL) opened at 99.15 on Friday. Carlisle Companies has a 52 week low of $92.09 and a 52 week high of $116.40. The stock has a 50 day moving average price of $97.96 and a 200 day moving average price of $99.40. The firm has a market capitalization of $6.26 billion, a P/E ratio of 28.02 and a beta of 0.79.
In other Carlisle Companies news, insider John E. Berlin sold 6,250 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total value of $589,437.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.12% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in CSL. UBS Asset Management Americas Inc. grew its holdings in Carlisle Companies by 46.2% in the first quarter. UBS Asset Management Americas Inc. now owns 49,531 shares of the conglomerate’s stock worth $5,271,000 after purchasing an additional 15,645 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in Carlisle Companies in the first quarter worth about $252,000. Neuberger Berman Group LLC grew its holdings in Carlisle Companies by 4.8% in the first quarter. Neuberger Berman Group LLC now owns 8,848 shares of the conglomerate’s stock worth $942,000 after purchasing an additional 402 shares during the period. Credit Agricole S A grew its holdings in Carlisle Companies by 216.3% in the first quarter. Credit Agricole S A now owns 8,946 shares of the conglomerate’s stock worth $952,000 after purchasing an additional 6,118 shares during the period. Finally, OppenheimerFunds Inc. grew its holdings in Carlisle Companies by 25.8% in the first quarter. OppenheimerFunds Inc. now owns 8,485 shares of the conglomerate’s stock worth $903,000 after purchasing an additional 1,738 shares during the period. Institutional investors and hedge funds own 88.55% of the company’s stock.
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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