What is Zacks Research’s Forecast for CSL FY2024 Earnings?

Carlisle Companies Incorporated (NYSE:CSL) – Equities research analysts at Zacks Research cut their FY2024 earnings per share estimates for shares of Carlisle Companies in a research report issued to clients and investors on Thursday, November 14th. Zacks Research analyst S. Roy now anticipates that the conglomerate will post earnings of $20.34 per share for the year, down from their previous forecast of $20.56. The consensus estimate for Carlisle Companies’ current full-year earnings is $20.25 per share. Zacks Research also issued estimates for Carlisle Companies’ Q1 2025 earnings at $4.04 EPS, Q2 2025 earnings at $6.49 EPS, FY2025 earnings at $21.77 EPS, Q2 2026 earnings at $6.95 EPS and Q3 2026 earnings at $6.51 EPS.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the firm earned $4.68 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year.

A number of other brokerages have also recently issued reports on CSL. Oppenheimer upped their target price on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Robert W. Baird decreased their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Truist Financial began coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Finally, StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $472.00.

Carlisle Companies Stock Down 1.4 %

Shares of NYSE:CSL opened at $439.11 on Monday. The firm has a 50 day simple moving average of $443.34 and a 200-day simple moving average of $423.07. Carlisle Companies has a twelve month low of $269.58 and a twelve month high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $19.90 billion, a PE ratio of 15.54, a P/E/G ratio of 1.46 and a beta of 0.91.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CSL. Toronto Dominion Bank boosted its holdings in Carlisle Companies by 12.5% in the 3rd quarter. Toronto Dominion Bank now owns 9,766 shares of the conglomerate’s stock worth $4,392,000 after acquiring an additional 1,083 shares during the period. Chiron Investment Management LLC purchased a new stake in shares of Carlisle Companies during the third quarter valued at approximately $192,000. Coldstream Capital Management Inc. lifted its position in shares of Carlisle Companies by 2.8% during the third quarter. Coldstream Capital Management Inc. now owns 2,042 shares of the conglomerate’s stock worth $919,000 after purchasing an additional 56 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after purchasing an additional 102,436 shares during the period. Finally, M&T Bank Corp grew its holdings in Carlisle Companies by 1.3% during the 3rd quarter. M&T Bank Corp now owns 4,263 shares of the conglomerate’s stock valued at $1,917,000 after purchasing an additional 54 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.91%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

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.