FY2024 Earnings Forecast for CSL Issued By Zacks Research

Carlisle Companies Incorporated (NYSE:CSL) – Stock analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for shares of Carlisle Companies in a research report issued to clients and investors on Thursday, November 14th. Zacks Research analyst S. Roy now forecasts that the conglomerate will post earnings of $20.34 per share for the year, down from their previous forecast of $20.56. The consensus estimate for Carlisle Companies’ current full-year earnings is $20.25 per share. Zacks Research also issued estimates for Carlisle Companies’ Q1 2025 earnings at $4.04 EPS, Q2 2025 earnings at $6.49 EPS, FY2025 earnings at $21.77 EPS, Q2 2026 earnings at $6.95 EPS and Q3 2026 earnings at $6.51 EPS.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $4.68 EPS. The company’s revenue was up 5.9% compared to the same quarter last year.

A number of other equities research analysts also recently issued reports on CSL. Oppenheimer increased their price target on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Truist Financial started coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Finally, Robert W. Baird decreased their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $472.00.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $434.97 on Monday. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. Carlisle Companies has a 12-month low of $269.58 and a 12-month high of $481.26. The company’s 50 day moving average price is $444.10 and its two-hundred day moving average price is $423.33. The firm has a market cap of $19.72 billion, a PE ratio of 15.39, a PEG ratio of 1.47 and a beta of 0.91.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.92%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co lifted its stake in shares of Carlisle Companies by 7.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock valued at $26,631,000 after acquiring an additional 4,692 shares during the last quarter. Silver Lake Advisory LLC bought a new position in Carlisle Companies in the second quarter valued at about $608,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Carlisle Companies by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock valued at $17,391,000 after purchasing an additional 1,429 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Carlisle Companies by 44.6% during the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock valued at $22,971,000 after purchasing an additional 17,472 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Carlisle Companies by 188.0% during the first quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock worth $3,235,000 after purchasing an additional 5,389 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.