Oppenheimer Weighs in on Carlisle Companies Incorporated’s Q3 2022 Earnings (NYSE:CSL)

Carlisle Companies Incorporated (NYSE:CSL) – Oppenheimer issued their Q3 2022 earnings per share (EPS) estimates for Carlisle Companies in a report released on Thursday, January 13th. Oppenheimer analyst B. Blair forecasts that the conglomerate will earn $3.88 per share for the quarter. Oppenheimer currently has a “Outperform” rating and a $270.00 target price on the stock. Oppenheimer also issued estimates for Carlisle Companies’ FY2022 earnings at $13.00 EPS and FY2023 earnings at $14.85 EPS.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, October 20th. The conglomerate reported $2.99 EPS for the quarter, topping the Zacks’ consensus estimate of $2.75 by $0.24. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Carlisle Companies had a return on equity of 17.46% and a net margin of 8.16%. During the same period in the previous year, the firm earned $1.94 EPS.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised Carlisle Companies from a “hold” rating to a “strong-buy” rating and set a $243.00 target price on the stock in a research note on Tuesday, October 26th. Robert W. Baird boosted their target price on Carlisle Companies from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, October 22nd. Jefferies Financial Group reissued a “buy” rating on shares of Carlisle Companies in a research note on Friday, October 1st. Finally, Zelman & Associates initiated coverage on Carlisle Companies in a research note on Monday, November 15th. They set a “buy” rating on the stock. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $231.86.

Shares of Carlisle Companies stock opened at $236.94 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.45 and a quick ratio of 1.80. The business’s 50 day simple moving average is $239.06 and its two-hundred day simple moving average is $217.29. The stock has a market capitalization of $12.39 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 1.23 and a beta of 1.09. Carlisle Companies has a one year low of $143.52 and a one year high of $250.23.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 1st. Investors of record on Wednesday, November 17th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, November 16th. This represents a $2.16 annualized dividend and a dividend yield of 0.91%. Carlisle Companies’s dividend payout ratio is presently 30.86%.

Institutional investors have recently added to or reduced their stakes in the business. Ellevest Inc. boosted its holdings in Carlisle Companies by 15,000.0% in the third quarter. Ellevest Inc. now owns 151 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 150 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Carlisle Companies by 115.6% in the third quarter. Deseret Mutual Benefit Administrators now owns 235 shares of the conglomerate’s stock worth $47,000 after acquiring an additional 126 shares in the last quarter. Wilen Investment Management CORP. bought a new stake in Carlisle Companies in the third quarter worth $84,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Carlisle Companies by 66.7% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 500 shares of the conglomerate’s stock valued at $99,000 after purchasing an additional 200 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Carlisle Companies by 11.0% during the third quarter. Fifth Third Bancorp now owns 506 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 50 shares in the last quarter. 93.82% of the stock is currently owned by institutional investors and hedge funds.

About Carlisle Companies

Carlisle Cos., Inc engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction.

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

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