Carlisle Companies (NYSE:CSL – Get Free Report) issued its quarterly earnings data on Thursday. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.77 by $0.01, Briefing.com reports. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.68 earnings per share. Carlisle Companies updated its FY 2024 guidance to EPS.
Carlisle Companies Stock Performance
NYSE:CSL traded down $41.42 during mid-day trading on Friday, reaching $417.20. 754,641 shares of the company’s stock were exchanged, compared to its average volume of 326,631. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. The firm has a market capitalization of $19.86 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Carlisle Companies has a one year low of $236.42 and a one year high of $481.26. The business’s fifty day simple moving average is $434.55 and its two-hundred day simple moving average is $416.05.
Carlisle Companies Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a dividend of $1.00 per share. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio (DPR) is presently 23.19%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Carlisle Companies
Insider Buying and Selling
In related news, VP David W. Smith sold 600 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.
Carlisle Companies Company Profile
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.
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