Carlisle Companies (NYSE:CSL – Get Free Report) posted its quarterly earnings data on Thursday. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.77 by $0.01, Briefing.com reports. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.68 EPS. Carlisle Companies updated its FY 2024 guidance to EPS.
Carlisle Companies Price Performance
NYSE CSL traded down $41.42 during trading hours on Friday, reaching $417.20. 754,641 shares of the company’s stock were exchanged, compared to its average volume of 326,631. The firm has a fifty day moving average of $434.55 and a 200-day moving average of $416.05. Carlisle Companies has a one year low of $236.42 and a one year high of $481.26. The stock has a market cap 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. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63.
Carlisle Companies Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.96%. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s payout ratio is 23.19%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on CSL
Insiders Place Their Bets
In other news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.50% of the company’s stock.
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.
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