Carlisle Companies (CSL) to Release Quarterly Earnings on Thursday

Carlisle Companies (NYSE:CSL) is set to post its quarterly 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.Investors that are interested in registering for the company’s conference call can do so using this link.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, topping the consensus estimate of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the firm posted $5.18 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. 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 Stock Down 1.9 %

Carlisle Companies stock opened at $462.36 on Thursday. The company has a market capitalization of $22.01 billion, a PE ratio of 26.80, a PEG ratio of 1.52 and a beta of 0.91. Carlisle Companies has a 12-month low of $235.79 and a 12-month high of $481.26. The firm’s fifty day moving average is $425.61 and its 200 day moving average is $413.11. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63.

Carlisle Companies Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Tuesday, August 20th. This represents a $4.00 annualized dividend and a dividend yield of 0.87%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio is currently 23.19%.

Insider Buying and Selling 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 shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Carlisle Companies

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.