Equities Analysts Issue Forecasts for Carlisle Companies Incorporated’s Q3 2024 Earnings (NYSE:CSL)

Carlisle Companies Incorporated (NYSE:CSL) – Research analysts at Zacks Research raised their Q3 2024 earnings per share estimates for Carlisle Companies in a research report issued to clients and investors on Wednesday, August 14th. Zacks Research analyst S. Roy now expects that the conglomerate will earn $5.88 per share for the quarter, up from their prior forecast of $5.51. The consensus estimate for Carlisle Companies’ current full-year earnings is $20.58 per share. Zacks Research also issued estimates for Carlisle Companies’ Q4 2024 earnings at $4.75 EPS, Q1 2025 earnings at $3.90 EPS and Q2 2026 earnings at $6.70 EPS.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the firm earned $5.18 earnings per share. Carlisle Companies’s revenue for the quarter was up 11.0% on a year-over-year basis.

Several other equities research analysts also recently issued reports on CSL. Oppenheimer upped their price target on Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Robert W. Baird upped their price target on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. One investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $423.00.

Carlisle Companies Trading Down 0.7 %

Shares of Carlisle Companies stock opened at $403.47 on Friday. The stock has a fifty day simple moving average of $410.78 and a 200 day simple moving average of $390.48. Carlisle Companies has a 12-month low of $235.79 and a 12-month high of $443.87. The company has a market capitalization of $19.21 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Tuesday, August 20th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio is 23.19%.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CEO D Christian Koch sold 54,927 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $420.06, for a total value of $23,072,635.62. Following the completion of the transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $36,399,039.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP David W. Smith sold 600 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,206,037.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO D Christian Koch sold 54,927 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $420.06, for a total value of $23,072,635.62. Following the transaction, the chief executive officer now owns 86,652 shares of the company’s stock, valued at approximately $36,399,039.12. The disclosure for this sale can be found here. Insiders sold 76,997 shares of company stock worth $32,458,948 in the last quarter. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Carlisle Companies during the 2nd quarter worth $32,000. ORG Partners LLC bought a new position in shares of Carlisle Companies during the 2nd quarter worth $31,000. Gilliland Jeter Wealth Management LLC bought a new position in shares of Carlisle Companies during the 2nd quarter worth $39,000. V Square Quantitative Management LLC bought a new position in shares of Carlisle Companies during the 4th quarter worth $31,000. Finally, Principal Securities Inc. bought a new position in shares of Carlisle Companies during the 4th quarter worth $32,000. Institutional investors own 89.52% 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.