Carlisle Companies (NYSE:CSL – Get Free Report) announced its earnings results on Thursday. The conglomerate reported $5.78 EPS 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 business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business posted $4.68 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Carlisle Companies updated its FY 2024 guidance to EPS.
Carlisle Companies Stock Down 9.0 %
Shares of CSL traded down $41.42 during trading hours on Friday, reaching $417.20. The stock had a trading volume of 754,539 shares, compared to its average volume of 326,576. The firm has a 50-day simple moving average of $434.28 and a 200 day simple moving average of $415.93. Carlisle Companies has a 12 month low of $236.42 and a 12 month high of $481.26. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $19.86 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 1.52 and a beta of 0.91.
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 paid a dividend of $1.00 per share. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio is 23.19%.
Wall Street Analyst Weigh In
Read Our Latest Analysis on CSL
Insider Buying and Selling at Carlisle Companies
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 value of $255,336.00. Following the sale, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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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