Wall Street analysts predict that Carlisle Companies, Inc. (NYSE:CSL) will report sales of $951.30 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Carlisle Companies’ earnings, with the lowest sales estimate coming in at $905.00 million and the highest estimate coming in at $986.70 million. Carlisle Companies posted sales of $857.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11%. The business is expected to announce its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that Carlisle Companies will report full year sales of $951.30 million for the current fiscal year, with estimates ranging from $4.26 billion to $4.70 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.59 billion per share, with estimates ranging from $4.41 billion to $4.94 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Carlisle Companies.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, February 8th. The conglomerate reported $1.17 EPS for the quarter, topping the consensus estimate of $0.97 by $0.20. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. Carlisle Companies had a net margin of 8.94% and a return on equity of 13.53%. The company’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.32 earnings per share.
A number of hedge funds have recently bought and sold shares of CSL. Fuller & Thaler Asset Management Inc. acquired a new stake in Carlisle Companies in the 3rd quarter valued at about $100,000. Toronto Dominion Bank acquired a new stake in Carlisle Companies in the 3rd quarter valued at about $126,000. Cerebellum GP LLC acquired a new stake in Carlisle Companies in the 4th quarter valued at about $128,000. Marble Harbor Investment Counsel LLC acquired a new stake in Carlisle Companies in the 3rd quarter valued at about $201,000. Finally, Advisory Services Network LLC lifted its holdings in Carlisle Companies by 4,659.0% in the 4th quarter. Advisory Services Network LLC now owns 1,856 shares of the conglomerate’s stock valued at $211,000 after acquiring an additional 1,817 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.
Carlisle Companies (CSL) opened at $107.47 on Friday. The company has a market cap of $6,640.46, a PE ratio of 20.47, a PEG ratio of 1.11 and a beta of 0.86. The company has a current ratio of 2.50, a quick ratio of 1.73 and a debt-to-equity ratio of 0.63. Carlisle Companies has a 12-month low of $92.09 and a 12-month high of $119.21.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Tuesday, February 20th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, February 16th. Carlisle Companies’s payout ratio is currently 25.92%.
Carlisle Companies announced that its board has authorized a stock repurchase program on Tuesday, February 6th that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
ILLEGAL ACTIVITY WARNING: This news story was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.tickerreport.com/banking-finance/3255021/951-30-million-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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.