Carlisle Companies (CSL) Releases Earnings Results, Beats Expectations By $0.12 EPS

Carlisle Companies (CSL) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $1.75 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $1.63. The company posted revenue of $996.90 million in the period, compared to analysts expectations of $1011.93 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS.

Many Wall Street Analysts have commented on Carlisle Companies. Carlisle Companies was Downgraded by Northcoast to ” Neutral” on Jun 2, 2016. Topeka Capital Markets Initiated Carlisle Companies on May 26, 2016 to “Buy”, Price Target of the shares are set at $118.Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 102 from a previous price target of $93 .

Carlisle Companies opened for trading at $106.78 and hit $107.7 on the upside on Wednesday, eventually ending the session at $107.33, with a gain of 0.54% or 0.58 points. The heightened volatility saw the trading volume jump to 2,42,380 shares. Company has a market cap of $6,890 M.

In a different news, on Jun 14, 2016, David A Roberts (Executive Chairman) sold 24,740 shares at $99.80 per share price. According to the SEC, on May 27, 2016, Kevin P Zdimal (V.P., Business Development) sold 10,515 shares at $104.08 per share price. On May 10, 2016, Lawrence A Sala (director) sold 4,000 shares at $102.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Carlisle Companies Incorporated (Carlisle) is a holding company for Carlisle Corporation and its wholly-owned subsidiaries. Carlisle is a diversified manufacturing company. The Company operates through four segments.. The Carlisle Construction Materials segment manufactures and sells rubber thermoplastic polyolefin and polyvinyl chloride membrane roofing systems. The Carlisle Interconnect Technologies segment designs and manufactures wire cable connectors contacts and cable assemblies for the transfer of power and data for the aerospace medical defense electronics test and measurement equipment. The Carlisle Brake & Friction segment’s products include brakes and friction material and clutch and transmission friction material. The Carlisle FoodService Products segment is a manufacturer distributor and seller of commercial foodservice and janitorial products.

Carlisle Companies

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