Revenue Update on Carlisle Companies(NYSE:CSL)

Carlisle Companies(NYSE:CSL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $996.90M. Analysts estimated a revenue of $1.01B. Earnings per share were $1.75. Analysts had estimated an EPS of $1.63.

In a different note, On Jun 2, 2016, Northcoast Research said it Downgrades its rating on Carlisle Companies. The shares have been rated ‘Neutral’ by the firm. Topeka Capital said it Initiates Coverage on Carlisle Companies, according to a research note issued on May 26, 2016. The shares have been rated ‘Buy’ by the firm.

Carlisle Companies (CSL) shares turned negative on Fridays trading session with the shares closing down -0.67 points or -0.64% at a volume of 4,04,925. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $104.12. The peak price level was also seen at $104.12 while the days lowest was $102.43. Finally the shares closed at $103.29. The 52-week high of the shares is $109.13 while the 52-week low is $75.17. According to the latest information available, the market cap of the company is $6,675 M.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, David A Roberts (Executive Chairman) sold 24,740 shares at $99.80 per share price.Also, 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.

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