Carlisle Companies (NYSE:CSL – Get Free Report) announced its quarterly earnings data on Thursday. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.77 by $0.01, Briefing.com reports. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.68 EPS. Carlisle Companies updated its FY 2024 guidance to EPS.
Carlisle Companies Stock Performance
Shares of NYSE CSL traded down $41.42 during midday trading on Friday, hitting $417.20. The company’s stock had a trading volume of 754,539 shares, compared to its average volume of 326,576. The firm has a market capitalization of $19.86 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 1.52 and a beta of 0.91. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $434.28 and a 200 day moving average price of $415.93. Carlisle Companies has a one year low of $236.42 and a one year high of $481.26.
Carlisle Companies Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a $1.00 dividend. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 annualized dividend and a dividend yield of 0.96%. Carlisle Companies’s dividend payout ratio (DPR) is presently 23.19%.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on Carlisle Companies
Insider Buying and Selling at Carlisle Companies
In related news, VP David W. Smith sold 600 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were 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 of the company’s stock, valued at approximately $1,206,037.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.
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.
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