Northcoast Research Analysts Reduce Earnings Estimates for Carlisle Companies Incorporated (CSL)

Carlisle Companies Incorporated (NYSE:CSL) – Analysts at Northcoast Research decreased their Q1 2017 earnings per share estimates for shares of Carlisle Companies in a research report issued on Monday. Northcoast Research analyst K. Hocevar now anticipates that the brokerage will post earnings per share of $1.02 for the quarter, down from their previous forecast of $1.11. Northcoast Research also issued estimates for Carlisle Companies’ Q2 2017 earnings at $1.78 EPS, Q3 2017 earnings at $1.81 EPS, Q4 2017 earnings at $1.34 EPS, FY2017 earnings at $5.95 EPS and FY2018 earnings at $6.50 EPS.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, February 9th. The company reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.03. The firm had revenue of $893.50 million for the quarter, compared to analysts’ expectations of $907 million. Carlisle Companies had a net margin of 6.80% and a return on equity of 15.67%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 earnings per share.

This report was first posted by sleekmoney and is owned by of sleekmoney. If you are viewing this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this report can be accessed at http://sleekmoney.com/northcoast-research-analysts-reduce-earnings-estimates-for-carlisle-companies-incorporated-csl/1660273.html.

Earnings History and Estimates for Carlisle Companies (NYSE:CSL)

Several other equities analysts also recently weighed in on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $130.00 price target on shares of Carlisle Companies in a report on Friday, January 13th. Zacks Investment Research downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 10th. Longbow Research downgraded shares of Carlisle Companies from a “buy” rating to a “neutral” rating in a report on Tuesday, November 29th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating on shares of Carlisle Companies in a report on Tuesday, December 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $115.63.

Carlisle Companies (NYSE:CSL) opened at 105.60 on Tuesday. The stock has a market capitalization of $6.79 billion, a PE ratio of 27.65 and a beta of 0.77. Carlisle Companies has a 1-year low of $83.63 and a 1-year high of $116.40. The firm has a 50-day moving average of $109.00 and a 200-day moving average of $107.25.

Large investors have recently modified their holdings of the company. Washington Trust Bank raised its position in shares of Carlisle Companies by 0.6% in the third quarter. Washington Trust Bank now owns 1,207 shares of the company’s stock worth $124,000 after buying an additional 7 shares during the period. Cornerstone Advisors Inc. acquired a new position in shares of Carlisle Companies during the third quarter worth about $156,000. Quantbot Technologies LP acquired a new position in shares of Carlisle Companies during the third quarter worth about $182,000. Burney Co. acquired a new position in shares of Carlisle Companies during the fourth quarter worth about $211,000. Finally, Glenview Trust Co acquired a new position in shares of Carlisle Companies during the fourth quarter worth about $214,000. 87.64% of the stock is currently owned by institutional investors and hedge funds.

This report was first posted by sleekmoney and is owned by of sleekmoney. If you are viewing this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this report can be accessed at http://sleekmoney.com/northcoast-research-analysts-reduce-earnings-estimates-for-carlisle-companies-incorporated-csl/1660273.html.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Friday, February 17th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.33%. Carlisle Companies’s payout ratio is 36.75%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a holding company for Carlisle Corporation and its wholly owned subsidiaries. The Company is a diversified manufacturing company. The Company operates through five segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP).

5 Day Chart for NYSE:CSL

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/northcoast-research-analysts-reduce-earnings-estimates-for-carlisle-companies-incorporated-csl/1660273.html

Receive News & Ratings for Carlisle Companies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *