Zacks Research Expects Lower Earnings for Carlisle Companies

Carlisle Companies Incorporated (NYSE:CSL) – Investment analysts at Zacks Research reduced their Q3 2027 EPS estimates for shares of Carlisle Companies in a research report issued to clients and investors on Monday, October 5th. Zacks Research analyst Team now anticipates that the conglomerate will post earnings of $6.95 per share for the quarter, down from their prior forecast of $6.99. The consensus estimate for Carlisle Companies’ current full-year earnings is $21.27 per share.

A number of other research firms have also recently weighed in on CSL. DA Davidson started coverage on Carlisle Companies in a research report on Monday, August 24th. They issued a “neutral” rating and a $410.00 price objective for the company. Weiss Ratings lowered Carlisle Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. Truist Financial lowered their price target on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Finally, Robert W. Baird set a $412.00 price target on Carlisle Companies in a report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $402.43.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $318.57 on Wednesday. The business’s fifty day simple moving average is $348.15 and its 200-day simple moving average is $347.22. The company has a market cap of $12.65 billion, a PE ratio of 18.28, a PEG ratio of 1.02 and a beta of 0.84. The company has a current ratio of 2.60, a quick ratio of 2.04 and a debt-to-equity ratio of 1.78. Carlisle Companies has a 12-month low of $293.43 and a 12-month high of $432.91.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. Carlisle Companies’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.27 earnings per share.

Hedge Funds Weigh In On Carlisle Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in Carlisle Companies by 71.7% during the 3rd quarter. Versant Capital Management Inc now owns 91 shares of the conglomerate’s stock worth $29,000 after acquiring an additional 38 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Carlisle Companies in the second quarter valued at about $33,000. Osterweis Capital Management Inc. acquired a new position in shares of Carlisle Companies in the second quarter valued at about $35,000. Signature Equity Partners LLC raised its stake in shares of Carlisle Companies by 3,133.3% in the first quarter. Signature Equity Partners LLC now owns 97 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 94 shares during the last quarter. Finally, Allied Private Wealth LLC purchased a new position in shares of Carlisle Companies in the second quarter worth about $33,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s payout ratio is currently 28.69%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on building products and related technologies. Through its Carlisle Construction Materials and Carlisle Weatherproofing Technologies businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, architectural metals, and other building-envelope solutions. Its products are used in new construction, renovation, and maintenance projects.

Carlisle also develops products for specialized industrial and aerospace applications.