Carlisle Companies, Inc. (CSL) Expected to Post Earnings of $0.99 Per Share
Equities analysts expect Carlisle Companies, Inc. (NYSE:CSL) to post earnings of $0.99 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Carlisle Companies’ earnings. The highest EPS estimate is $1.15 and the lowest is $0.84. Carlisle Companies posted earnings per share of $1.32 in the same quarter last year, which would suggest a negative year-over-year growth rate of 25%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Thursday, February 8th.
On average, analysts expect that Carlisle Companies will report full year earnings of $4.89 per share for the current fiscal year, with EPS estimates ranging from $4.73 to $5.04. For the next year, analysts expect that the company will post earnings of $6.03 per share, with EPS estimates ranging from $5.80 to $6.27. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Carlisle Companies.
CSL has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. SunTrust Banks lifted their price objective on shares of Carlisle Companies to $126.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Oppenheimer restated a “hold” rating on shares of Carlisle Companies in a research note on Wednesday, October 25th. B. Riley restated a “buy” rating and issued a $125.00 price objective on shares of Carlisle Companies in a research note on Friday, December 22nd. Finally, Robert W. Baird lifted their price objective on shares of Carlisle Companies from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Carlisle Companies currently has an average rating of “Hold” and an average price target of $123.25.
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 issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, February 16th. Carlisle Companies’s dividend payout ratio is currently 29.31%.
Carlisle Companies announced that its board has approved a share repurchase program on Tuesday, February 6th that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
A number of hedge funds have recently added to or reduced their stakes in CSL. FMR LLC boosted its holdings in Carlisle Companies by 17.4% during the second quarter. FMR LLC now owns 503,769 shares of the conglomerate’s stock worth $48,060,000 after buying an additional 74,766 shares in the last quarter. M&T Bank Corp boosted its holdings in Carlisle Companies by 16.6% during the second quarter. M&T Bank Corp now owns 6,886 shares of the conglomerate’s stock worth $657,000 after buying an additional 981 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Carlisle Companies by 23.5% during the second quarter. Nordea Investment Management AB now owns 19,194 shares of the conglomerate’s stock worth $1,831,000 after buying an additional 3,657 shares in the last quarter. Advisor Group Inc. boosted its holdings in Carlisle Companies by 8.7% during the second quarter. Advisor Group Inc. now owns 3,428 shares of the conglomerate’s stock worth $327,000 after buying an additional 273 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Carlisle Companies by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 673,362 shares of the conglomerate’s stock worth $64,234,000 after buying an additional 7,035 shares in the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.
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Carlisle Companies Company Profile
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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