Carlisle Companies (NYSE:CSL) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Carlisle Companies (NYSE:CSL) posted its quarterly earnings results on Tuesday. The conglomerate reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04, RTT News reports. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. During the same period in the prior year, the firm earned $4.17 EPS.

Carlisle Companies Price Performance

CSL traded down $5.49 during midday trading on Tuesday, reaching $375.89. 554,963 shares of the company’s stock were exchanged, compared to its average volume of 333,842. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $400.32 and a two-hundred day simple moving average of $418.80. The firm has a market capitalization of $17.04 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 1.15 and a beta of 0.96. Carlisle Companies has a one year low of $313.56 and a one year high of $481.26.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.06%. Carlisle Companies’s payout ratio is currently 14.15%.

Insider Activity

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CSL shares. The Goldman Sachs Group lowered their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Oppenheimer restated an “outperform” rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Loop Capital dropped their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Robert W. Baird decreased their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Truist Financial assumed coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $476.00.

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.