SunTrust Banks Research Analysts Decrease Earnings Estimates for Carlisle Companies Incorporated (CSL)

Carlisle Companies Incorporated (NYSE:CSL) – Analysts at SunTrust Banks dropped their Q1 2017 earnings per share estimates for shares of Carlisle Companies in a research note issued to investors on Thursday. SunTrust Banks analyst C. Brady now expects that the brokerage will post earnings per share of $1.12 for the quarter, down from their prior forecast of $1.16. SunTrust Banks also issued estimates for Carlisle Companies’ Q3 2017 earnings at $1.90 EPS, Q4 2017 earnings at $1.36 EPS, FY2017 earnings at $6.22 EPS, Q1 2018 earnings at $1.24 EPS, Q2 2018 earnings at $1.98 EPS, Q3 2018 earnings at $2.02 EPS, Q4 2018 earnings at $1.49 EPS and FY2018 earnings at $6.72 EPS.

A number of other equities research analysts also recently weighed in on the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $130.00 target price on shares of Carlisle Companies in a report on Friday, January 13th. Zacks Investment Research downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a report on Friday, February 3rd. Longbow Research downgraded 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. reaffirmed an “outperform” rating on shares of Carlisle Companies in a report on Tuesday, December 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $115.63.

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

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Shares of Carlisle Companies (NYSE:CSL) opened at 105.16 on Monday. Carlisle Companies has a 52-week low of $83.63 and a 52-week high of $116.40. The firm has a 50-day moving average of $109.18 and a 200 day moving average of $107.19. The stock has a market capitalization of $6.76 billion, a PE ratio of 27.54 and a beta of 0.77.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, February 9th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. Carlisle Companies had a net margin of 6.80% and a return on equity of 15.71%. The firm earned $893.50 million during the quarter, compared to analysts’ expectations of $907 million. During the same period in the previous year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. EULAV Asset Management raised its position in shares of Carlisle Companies by 4.7% in the third quarter. EULAV Asset Management now owns 111,500 shares of the company’s stock valued at $11,437,000 after buying an additional 5,000 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Carlisle Companies by 0.8% in the third quarter. California State Teachers Retirement System now owns 136,219 shares of the company’s stock valued at $13,972,000 after buying an additional 1,100 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Carlisle Companies by 2.0% in the third quarter. Great West Life Assurance Co. Can now owns 38,401 shares of the company’s stock valued at $3,937,000 after buying an additional 738 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Carlisle Companies by 15.2% in the third quarter. Prudential Financial Inc. now owns 857,936 shares of the company’s stock valued at $87,998,000 after buying an additional 113,000 shares in the last quarter. Finally, BlackRock Group LTD raised its position in shares of Carlisle Companies by 21.4% in the third quarter. BlackRock Group LTD now owns 289,914 shares of the company’s stock valued at $29,737,000 after buying an additional 51,011 shares in the last quarter. 87.25% of the stock is owned by institutional investors and hedge funds.

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

About Carlisle Companies

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

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