Carlisle Companies (CSL) to Release Quarterly Earnings on Thursday

Carlisle Companies (NYSE:CSL) is scheduled to be releasing its earnings data after the market closes on Thursday, April 25th. Analysts expect Carlisle Companies to post earnings of $2.73 per share for the quarter. Carlisle Companies has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.70. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company earned $3.92 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, analysts expect Carlisle Companies to post $19 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Carlisle Companies Stock Up 0.9 %

Carlisle Companies stock opened at $370.62 on Tuesday. Carlisle Companies has a fifty-two week low of $205.10 and a fifty-two week high of $403.44. The stock has a market cap of $17.72 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 1.31 and a beta of 0.93. The firm’s 50-day simple moving average is $368.69 and its 200 day simple moving average is $317.51. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.57 and a current ratio of 2.87.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, February 15th. Carlisle Companies’s dividend payout ratio is 22.31%.

Analyst Ratings Changes

CSL has been the topic of several research reports. Robert W. Baird lifted their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Loop Capital lifted their price objective on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Oppenheimer lifted their price objective on shares of Carlisle Companies from $405.00 to $412.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. The Goldman Sachs Group initiated coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price objective on the stock. Finally, StockNews.com raised shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $390.33.

Insider Activity

In other news, insider Lori A. Snyder sold 8,101 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total value of $2,751,423.64. Following the sale, the insider now owns 5,212 shares of the company’s stock, valued at $1,770,203.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Lori A. Snyder sold 8,101 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the sale, the insider now owns 5,212 shares of the company’s stock, valued at approximately $1,770,203.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the sale, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. Insiders have sold a total of 15,255 shares of company stock valued at $5,231,360 over the last quarter. Company insiders own 1.50% of the company’s stock.

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.