Carlisle Companies (NYSE:CSL – Get Free Report) announced its earnings results on Thursday. The conglomerate reported $5.78 earnings per share for the quarter, beating the consensus estimate of $5.77 by $0.01, Briefing.com reports. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm earned $4.68 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. Carlisle Companies updated its FY 2024 guidance to EPS.
Carlisle Companies Stock Performance
CSL stock traded down $39.08 during midday trading on Friday, reaching $419.54. The company had a trading volume of 555,573 shares, compared to its average volume of 325,620. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average price of $434.28 and a 200 day moving average price of $415.93. The firm has a market capitalization of $19.97 billion, a PE ratio of 24.06, a P/E/G ratio of 1.52 and a beta of 0.91. Carlisle Companies has a fifty-two week low of $236.42 and a fifty-two week high of $481.26.
Carlisle Companies Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a $1.00 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a yield of 0.95%. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio (DPR) is currently 23.19%.
Analysts Set New Price Targets
View Our Latest Stock Report on CSL
Insider Buying and Selling
In other news, VP David W. Smith sold 600 shares of the business’s stock in a transaction on 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 transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.
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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