Carlisle Companies, Inc. (NYSE:CSL) Expected to Post Quarterly Sales of $1.34 Billion
Analysts expect that Carlisle Companies, Inc. (NYSE:CSL) will post $1.34 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Carlisle Companies’ earnings, with the lowest sales estimate coming in at $1.33 billion and the highest estimate coming in at $1.34 billion. Carlisle Companies reported sales of $1.24 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8.1%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 23rd.
According to Zacks, analysts expect that Carlisle Companies will report full-year sales of $4.84 billion for the current year, with estimates ranging from $4.82 billion to $4.86 billion. For the next year, analysts expect that the company will report sales of $5.02 billion, with estimates ranging from $4.99 billion to $5.05 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Carlisle Companies.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.31. Carlisle Companies had a return on equity of 15.22% and a net margin of 8.34%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the business posted $0.97 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Carlisle Companies by 2.5% during the fourth quarter. BlackRock Inc. now owns 5,199,432 shares of the conglomerate’s stock worth $522,647,000 after purchasing an additional 125,249 shares during the period. Janus Henderson Group PLC grew its holdings in Carlisle Companies by 0.3% during the first quarter. Janus Henderson Group PLC now owns 4,337,688 shares of the conglomerate’s stock worth $531,887,000 after purchasing an additional 14,736 shares during the period. Atlanta Capital Management Co. L L C grew its holdings in Carlisle Companies by 11.3% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 3,229,436 shares of the conglomerate’s stock worth $324,623,000 after purchasing an additional 327,768 shares during the period. Harris Associates L P grew its holdings in Carlisle Companies by 60.3% during the fourth quarter. Harris Associates L P now owns 1,244,010 shares of the conglomerate’s stock worth $125,048,000 after purchasing an additional 468,140 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Carlisle Companies by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 971,276 shares of the conglomerate’s stock valued at $119,095,000 after buying an additional 8,866 shares in the last quarter. Institutional investors and hedge funds own 87.39% of the company’s stock.
Shares of CSL traded down $0.01 during midday trading on Friday, hitting $137.91. The stock had a trading volume of 1,459 shares, compared to its average volume of 385,041. Carlisle Companies has a twelve month low of $92.16 and a twelve month high of $142.00. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 22.21, a P/E/G ratio of 1.18 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.96 and a quick ratio of 2.15.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, May 14th. Carlisle Companies’s payout ratio is currently 25.72%.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
Featured Story: What does the Producer Price Index (PPI) tell investors?
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.