What is Zacks Research’s Forecast for CSL FY2024 Earnings?

Carlisle Companies Incorporated (NYSE:CSL) – Investment analysts at Zacks Research decreased their FY2024 EPS estimates for Carlisle Companies in a report issued on Thursday, November 14th. Zacks Research analyst S. Roy now expects that the conglomerate will earn $20.34 per share for the year, down from their prior 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 posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business posted $4.68 EPS. The business’s revenue was up 5.9% on a year-over-year basis.

Several other research firms have also weighed in on CSL. Oppenheimer raised their price objective on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Truist Financial started coverage on shares of Carlisle Companies in a report on Thursday. They set a “hold” rating and a $460.00 price target on the stock. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. 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 research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $472.00.

Carlisle Companies Trading Down 1.2 %

Shares of CSL stock opened at $445.34 on Monday. Carlisle Companies has a fifty-two week low of $269.58 and a fifty-two week high of $481.26. The stock’s fifty day moving average price is $442.46 and its two-hundred day moving average price is $422.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The company has a market cap of $20.19 billion, a PE ratio of 15.76, a P/E/G ratio of 1.46 and a beta of 0.91.

Institutional Trading of Carlisle Companies

A number of institutional investors and hedge funds have recently bought and sold shares of CSL. Capital Performance Advisors LLP bought a new position in Carlisle Companies during the 3rd quarter worth approximately $25,000. ORG Partners LLC bought a new position in Carlisle Companies during the second quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Carlisle Companies in the second quarter valued at $32,000. ORG Wealth Partners LLC bought a new stake in Carlisle Companies during the third quarter valued at $32,000. Finally, True Wealth Design LLC grew its holdings in Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 70 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s payout ratio is 14.15%.

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.