Brokerages expect that Carlisle Companies, Inc. (NYSE:CSL) will report $980.70 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Carlisle Companies’ earnings, with estimates ranging from $975.10 million to $989.00 million. Carlisle Companies reported sales of $1.31 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 25.1%. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, July 21st.

On average, analysts expect that Carlisle Companies will report full-year sales of $4.26 billion for the current fiscal year, with estimates ranging from $4.06 billion to $4.46 billion. For the next year, analysts anticipate that the business will post sales of $4.48 billion, with estimates ranging from $4.29 billion to $4.73 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Carlisle Companies.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, April 21st. The conglomerate reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.08. Carlisle Companies had a net margin of 9.54% and a return on equity of 17.88%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company earned $1.33 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis.

Several research firms have recently issued reports on CSL. ValuEngine raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Jefferies Financial Group assumed coverage on shares of Carlisle Companies in a report on Friday, April 17th. They set a “buy” rating and a $150.00 target price on the stock. Oppenheimer assumed coverage on shares of Carlisle Companies in a report on Tuesday, June 9th. They set a “buy” rating and a $160.00 target price on the stock. Zacks Investment Research raised shares of Carlisle Companies from a “sell” rating to a “hold” rating and set a $122.00 target price on the stock in a report on Monday. Finally, BMO Capital Markets raised shares of Carlisle Companies from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $135.00 to $150.00 in a report on Thursday, June 18th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $152.78.

Shares of NYSE CSL traded up $2.66 during midday trading on Wednesday, hitting $118.94. The company’s stock had a trading volume of 383,300 shares, compared to its average volume of 508,212. The stock has a fifty day moving average price of $120.76 and a 200 day moving average price of $136.69. Carlisle Companies has a one year low of $97.55 and a one year high of $169.86. The company has a current ratio of 4.33, a quick ratio of 3.40 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 1.29 and a beta of 0.83.

A number of hedge funds have recently added to or reduced their stakes in CSL. O Shares Investment Advisers LLC boosted its stake in Carlisle Companies by 1.4% during the fourth quarter. O Shares Investment Advisers LLC now owns 5,181 shares of the conglomerate’s stock worth $838,000 after buying an additional 71 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in Carlisle Companies by 0.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,977 shares of the conglomerate’s stock worth $1,627,000 after buying an additional 77 shares during the period. Fred Alger Management LLC boosted its stake in Carlisle Companies by 45.6% during the first quarter. Fred Alger Management LLC now owns 297 shares of the conglomerate’s stock worth $37,000 after buying an additional 93 shares during the period. Utah Retirement Systems boosted its stake in Carlisle Companies by 0.9% during the fourth quarter. Utah Retirement Systems now owns 10,755 shares of the conglomerate’s stock worth $1,740,000 after buying an additional 100 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Carlisle Companies by 2.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,333 shares of the conglomerate’s stock worth $543,000 after buying an additional 104 shares during the period. 89.04% of the stock is owned by institutional investors and hedge funds.

About Carlisle Companies

Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene 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.

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