Zacks Research Issues Negative Forecast for CSL Earnings

Key Points

• Zacks Research lowered its Q3 2027 EPS forecast for Carlisle Companies to $6.95 from $6.99, while the consensus full-year estimate remains $21.27 per share.
• Carlisle recently exceeded quarterly expectations, reporting EPS of $7.03 versus the $6.35 consensus and revenue of $1.57 billion, up 8.3% year over year.
• Analyst sentiment is mixed, with an average “Hold” rating and a $402.43 price target; shares opened at $326.18, down 1.4%, while the company raised its quarterly dividend to $1.25 per share.

Carlisle Companies Incorporated (NYSE:CSL - Free Report) - Zacks Research cut their Q3 2027 EPS estimates for Carlisle Companies in a research note issued to investors on Monday, October 5th. Zacks Research analyst Team now expects that the conglomerate will post earnings of $6.95 per share for the quarter, down from their previous forecast of $6.99. The consensus estimate for Carlisle Companies' current full-year earnings is $21.27 per share.

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

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

Carlisle Companies Stock Down 1.4%

Shares of Carlisle Companies stock opened at $326.18 on Wednesday. Carlisle Companies has a twelve month low of $293.43 and a twelve month high of $432.91. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 1.04 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. The business's 50 day simple moving average is $348.47 and its 200-day simple moving average is $347.32.

Institutional Trading of Carlisle Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in CSL. BlackRock Inc. acquired a new position in Carlisle Companies in the second quarter worth approximately $1,499,602,000. Bank of New York Mellon Corp lifted its position in shares of Carlisle Companies by 26.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,660 shares of the conglomerate's stock valued at $397,561,000 after acquiring an additional 251,614 shares during the last quarter. Sands Capital Management LLC lifted its position in shares of Carlisle Companies by 13.9% during the 4th quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate's stock valued at $309,509,000 after acquiring an additional 118,139 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Carlisle Companies by 3.0% during the 1st quarter. Bessemer Group Inc. now owns 620,699 shares of the conglomerate's stock worth $207,078,000 after acquiring an additional 17,847 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Carlisle Companies by 22.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 525,177 shares of the conglomerate's stock worth $190,508,000 after acquiring an additional 97,326 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

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 issued a dividend of $1.25 per share. 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. This represents a $5.00 annualized dividend and a yield of 1.5%. Carlisle Companies's dividend payout ratio is presently 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.

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