Carlisle Companies, Inc. (NYSE:CSL) – Equities research analysts at Oppenheimer lifted their FY2019 earnings per share (EPS) estimates for Carlisle Companies in a research note issued on Wednesday, January 16th. Oppenheimer analyst B. Blair now anticipates that the conglomerate will post earnings of $7.05 per share for the year, up from their prior estimate of $6.90. Oppenheimer currently has a “Buy” rating and a $125.00 target price on the stock. Oppenheimer also issued estimates for Carlisle Companies’ FY2020 earnings at $8.15 EPS.
A number of other research firms have also commented on CSL. Longbow Research upgraded shares of Carlisle Companies from a “neutral” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Tuesday, November 13th. UBS Group upgraded shares of Carlisle Companies from a “market perform” rating to an “outperform” rating in a research report on Monday, December 17th. SunTrust Banks boosted their price target on shares of Carlisle Companies from $132.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, October 1st. B. Riley set a $145.00 price target on shares of Carlisle Companies and gave the company a “buy” rating in a research report on Friday, October 19th. Finally, BMO Capital Markets reduced their price target on shares of Carlisle Companies from $125.00 to $115.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 31st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $123.00.
NYSE CSL opened at $108.72 on Friday. The stock has a market capitalization of $6.36 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 1.01 and a beta of 1.02. Carlisle Companies has a twelve month low of $92.16 and a twelve month high of $129.47. The company has a current ratio of 3.27, a quick ratio of 2.55 and a debt-to-equity ratio of 0.59.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.14). The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 13.47%. The business’s revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 EPS.
Hedge funds have recently made changes to their positions in the company. Select Equity Group L.P. lifted its holdings in Carlisle Companies by 82.3% in the third quarter. Select Equity Group L.P. now owns 1,394,484 shares of the conglomerate’s stock valued at $169,848,000 after buying an additional 629,420 shares during the period. Point72 Asset Management L.P. acquired a new position in Carlisle Companies in the third quarter valued at approximately $65,970,000. FMR LLC lifted its holdings in Carlisle Companies by 0.8% in the third quarter. FMR LLC now owns 392,421 shares of the conglomerate’s stock valued at $47,797,000 after buying an additional 3,136 shares during the period. Prudential Financial Inc. lifted its holdings in Carlisle Companies by 61.1% in the third quarter. Prudential Financial Inc. now owns 289,279 shares of the conglomerate’s stock valued at $35,235,000 after buying an additional 109,660 shares during the period. Finally, Morgan Stanley lifted its holdings in Carlisle Companies by 55.6% in the third quarter. Morgan Stanley now owns 243,679 shares of the conglomerate’s stock valued at $29,680,000 after buying an additional 87,036 shares during the period. Institutional investors own 87.31% of the company’s stock.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company’s Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.