Equities research analysts expect Carlisle Companies, Inc. (NYSE:CSL) to announce sales of $951.30 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Carlisle Companies’ earnings. The lowest sales estimate is $905.00 million and the highest is $986.70 million. Carlisle Companies reported sales of $857.30 million in the same quarter last year, which would suggest a positive year over year growth rate of 11%. The company 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 expect that the business will report sales of $4.59 billion per share, with estimates ranging from $4.41 billion to $4.94 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Carlisle Companies.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.20. Carlisle Companies had a return on equity of 13.53% and a net margin of 8.94%. 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.
Shares of Carlisle Companies (CSL) traded down $1.12 on Friday, hitting $107.14. The stock had a trading volume of 527,093 shares, compared to its average volume of 483,422. Carlisle Companies has a 12-month low of $92.09 and a 12-month high of $119.21. The company has a market capitalization of $6,671.37, a PE ratio of 18.76, a PEG ratio of 1.12 and a beta of 0.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.73 and a current ratio of 2.50.
Carlisle Companies declared that its Board of Directors has approved a stock buyback program 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 programs are usually a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, February 16th. Carlisle Companies’s payout ratio is 25.92%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Carlisle Companies during the third quarter worth about $100,000. Cerebellum GP LLC purchased a new stake in Carlisle Companies in the fourth quarter worth approximately $128,000. Toronto Dominion Bank purchased a new stake in Carlisle Companies in the third quarter worth approximately $126,000. Advisory Services Network LLC boosted its stake in Carlisle Companies by 4,659.0% in the fourth quarter. Advisory Services Network LLC now owns 1,856 shares of the conglomerate’s stock worth $211,000 after buying an additional 1,817 shares in the last quarter. Finally, Glenview Trust Co purchased a new stake in Carlisle Companies in the fourth quarter worth approximately $220,000. 88.02% of the stock is owned by institutional investors.
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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.
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