Carlisle Companies Incorporated Expected to Earn Q3 2024 Earnings of $5.77 Per Share (NYSE:CSL)

Carlisle Companies Incorporated (NYSE:CSL) – Equities research analysts at Zacks Research reduced their Q3 2024 earnings estimates for shares of Carlisle Companies in a research report issued on Tuesday, October 8th. Zacks Research analyst S. Roy now forecasts that the conglomerate will earn $5.77 per share for the quarter, down from their prior forecast of $5.80. The consensus estimate for Carlisle Companies’ current full-year earnings is $20.57 per share. Zacks Research also issued estimates for Carlisle Companies’ Q4 2024 earnings at $4.82 EPS, Q1 2025 earnings at $3.95 EPS, Q2 2025 earnings at $6.15 EPS and Q2 2026 earnings at $6.79 EPS.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.40. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. Carlisle Companies’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.18 earnings per share.

Other research analysts have also recently issued research reports about the company. Oppenheimer reiterated an “outperform” rating and issued a $480.00 target price (up previously from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. Robert W. Baird upped their price objective on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average target price of $468.75.

Carlisle Companies Trading Down 1.6 %

Shares of CSL opened at $459.82 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. Carlisle Companies has a 52-week low of $235.79 and a 52-week high of $471.49. The firm has a market cap of $21.89 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 1.43 and a beta of 0.91. The business’s fifty day moving average is $418.59 and its 200-day moving average is $410.68.

Institutional Trading of Carlisle Companies

Several hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new stake in Carlisle Companies in the fourth quarter valued at $31,000. ORG Partners LLC purchased a new position in Carlisle Companies in the second quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Carlisle Companies during the 2nd quarter valued at approximately $32,000. Gilliland Jeter Wealth Management LLC purchased a new stake in Carlisle Companies during the 2nd quarter worth about $39,000. Finally, Sound Income Strategies LLC lifted its holdings in Carlisle Companies by 564.7% during the 1st quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock worth $44,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Insider Buying and Selling at Carlisle Companies

In other news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction on Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the transaction, the chief financial officer now owns 35,641 shares in the company, valued at approximately $15,157,760.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction dated 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 in the company, valued at approximately $15,157,760.89. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 annualized dividend and a yield of 0.87%. Carlisle Companies’s dividend payout ratio (DPR) is currently 23.19%.

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.