Northcoast Research Weighs in on Carlisle Companies Incorporated’s Q3 2017 Earnings (CSL)

Carlisle Companies Incorporated (NYSE:CSL) – Analysts at Northcoast Research dropped their Q3 2017 EPS estimates for Carlisle Companies in a research report issued on Wednesday. Northcoast Research analyst K. Hocevar now expects that the conglomerate will post earnings of $1.46 per share for the quarter, down from their previous forecast of $1.75.

Several other brokerages have also weighed in on CSL. BidaskClub raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Monday, April 3rd. Robert W. Baird reiterated an “outperform” rating on shares of Carlisle Companies in a report on Monday, July 10th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, June 14th. Finally, FBR & Co reiterated an “outperform” rating and set a $125.00 price target on shares of Carlisle Companies in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $122.50.

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Shares of Carlisle Companies (NYSE:CSL) opened at 97.59 on Monday. Carlisle Companies has a 1-year low of $93.47 and a 1-year high of $116.40. The firm’s 50-day moving average is $96.93 and its 200 day moving average is $102.95. The stock has a market capitalization of $6.16 billion, a P/E ratio of 27.58 and a beta of 0.77.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by $0.03. Carlisle Companies had a return on equity of 15.18% and a net margin of 6.04%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm earned $1.75 earnings per share. Carlisle Companies’s quarterly revenue was up 7.5% compared to the same quarter last year.

In other news, insider John E. Berlin sold 19,860 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $104.55, for a total value of $2,076,363.00. Following the sale, the insider now owns 56,262 shares in the company, valued at $5,882,192.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.12% of the company’s stock.

Large investors have recently made changes to their positions in the company. NEXT Financial Group Inc increased its stake in shares of Carlisle Companies by 39.3% in the second quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock valued at $104,000 after buying an additional 308 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Carlisle Companies by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,008 shares of the conglomerate’s stock valued at $105,000 after buying an additional 25 shares during the period. Creative Planning boosted its position in shares of Carlisle Companies by 8.8% in the second quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock valued at $177,000 after buying an additional 150 shares during the period. Fairfax Financial Holdings Ltd Can purchased a new position in shares of Carlisle Companies during the first quarter valued at approximately $202,000. Finally, Palisade Capital Management LLC NJ purchased a new position in shares of Carlisle Companies during the first quarter valued at approximately $225,000. Institutional investors and hedge funds own 91.20% of the company’s stock.

About Carlisle Companies

Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.

Earnings History and Estimates for Carlisle Companies (NYSE:CSL)

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