Carlisle Companies (CSL) Scheduled to Post Earnings on Thursday

Carlisle Companies (NYSE:CSL) will be announcing its earnings results after the market closes on Thursday, October 24th. Analysts expect Carlisle Companies to post earnings of $5.77 per share for the quarter. Carlisle Companies has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm earned $5.18 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. On average, analysts expect Carlisle Companies to post $21 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Carlisle Companies Trading Down 0.6 %

Shares of NYSE CSL opened at $468.32 on Tuesday. Carlisle Companies has a 1 year low of $235.79 and a 1 year high of $481.26. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. The firm has a 50-day moving average of $429.00 and a 200 day moving average of $414.34. The stock has a market cap of $22.29 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.85%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio (DPR) is presently 23.19%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the sale, the chief financial officer now owns 35,641 shares in the company, valued at approximately $15,157,760.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Robert W. Baird raised their price objective on Carlisle Companies from $500.00 to $506.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 price target (up previously from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $470.25.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.