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Here's Why it is Worth Investing in Carlisle (CSL) Stock Now
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Multi-sector companies seem solid investment choices at present. These stocks are benefitting from improving oil and gas businesses, rise in demand for air travel, infrastructure development, growth in governmental and defense demand, favorable manufacturing sector, and others.
It is worth mentioning here that the Zacks Conglomerates sector currently lies in the top 44% of the 16 sector list. Over the last 10 years, using a one-week rebalance, the top half beat the bottom half by a factor of more than two. (To learn more visit: About Zacks Sector Rank)
One multi-sector stock that’s worth investing in is Carlisle Companies Incorporated (CSL - Free Report) . This Scottsdale, AZ-based company manufactures and sells a wide range of roofing and waterproofing products, engineered products, finishing equipment, and brake as well as friction system solutions. The stock currently has a Zacks Rank #2 (Buy) and a favorable VGM Score of B. In the past month, Carlisle’s shares have increased 10.4% compared with the industry’s growth of 2.8%.
Below we discussed why Carlisle is currently a worthy investment option.
Impressive Earnings Outlook: Carlisle delivered better-than-expected results in three of last four quarters while recording in-line results in one. Notably, it has average four-quarter positive earnings surprise of 11.90%.
For 2019, the company’s earnings estimates were revised upward by one brokerage firm in the past 60 days, indicating brighter prospects ahead. Currently, the Zacks Consensus Estimate for earnings is pegged at $7.00 for 2019, reflecting growth of 1.2% from the 60-day-ago tally. These estimates also reflect year-over-year growth of 25.1% for 2019.
Carlisle Companies Incorporated Price and Consensus
Carlisle believes that strengthening end markets, solid pricing actions, synergistic gains from acquired assets and cost-saving initiatives will support the bottom-line performance in the quarters ahead.
Revenue Growth: Carlisle operates through four segments — Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. Diversified business structure has been a boon for the company over time.
For 2018, the company anticipates sales in the Carlisle Construction Materials segment to grow in the low 20% range on the back of the strengthening commercial construction market in the United States and gains from acquired assets. Conversely, sales at Carlisle Interconnect Technologies segment are predicted to grow in double-digits, Carlisle Fluid Technologies in a mid-single digit, and Carlisle Brake & Friction in mid-teens.
Total revenues are predicted to grow in high-teens in 2018. The top-line performance will be mainly driven by improved performance in end-markets served (mainly aerospace, med-tech and others).
The Zacks Consensus Estimate for revenues is pegged at $4.69 billion for 2019. Estimates reflect year-over-year growth of 5%.
Acquisitions: Over time, Carlisle fortified its product portfolio and leveraged business opportunities through the addition of assets. In the third quarter of 2018, acquisitions added 11.7% to sales growth.
In January 2019, Carlisle completed the buyout of Petersen Aluminum Corporation for $197 million in cash. The acquired assets will be integrated with the company’s Carlisle Construction Materials segment and help in expanding the segment’s product offerings in the metal roofing platform. Prior to this acquisition, Carlisle added Drexel Metals, Sunlast Metal and Premium Panels to its portfolio.
Shareholder-Friendly Moves: Carlisle uses its capital for product development, capacity expansion, acquisitions and rewarding shareholders handsomely. A brief discussion on dividend payments and share buybacks is provided below.
In the first nine months of 2018, Carlisle paid dividends, totaling $69.7 million, to its shareholders and brought back shares worth $295.4 million. It’s worth mentioning here that the company increased its quarterly dividend rate by 8.1% or 3 cents in August 2018. This marked the company’s 42nd consecutive increment in the quarterly dividend rate.
Hitachi’s earnings estimates for fiscal 2019 (ending March 2019) and fiscal 2020 (ending March 2020) have improved in the past 60 days. Further, the company pulled off average positive earnings surprise of 55.51% for the last four quarters.
HC2 Holdings’ bottom-line estimates remained unchanged for 2018 (results not yet released) and 2019 in the past 60 days. The company delivered a positive earnings surprise of 111.90% in the last reported quarter.
Barloworld’s earnings estimates for fiscal 2019 (ending September 2019) improved in the last 60 days.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Here's Why it is Worth Investing in Carlisle (CSL) Stock Now
Multi-sector companies seem solid investment choices at present. These stocks are benefitting from improving oil and gas businesses, rise in demand for air travel, infrastructure development, growth in governmental and defense demand, favorable manufacturing sector, and others.
It is worth mentioning here that the Zacks Conglomerates sector currently lies in the top 44% of the 16 sector list. Over the last 10 years, using a one-week rebalance, the top half beat the bottom half by a factor of more than two. (To learn more visit: About Zacks Sector Rank)
One multi-sector stock that’s worth investing in is Carlisle Companies Incorporated (CSL - Free Report) . This Scottsdale, AZ-based company manufactures and sells a wide range of roofing and waterproofing products, engineered products, finishing equipment, and brake as well as friction system solutions. The stock currently has a Zacks Rank #2 (Buy) and a favorable VGM Score of B. In the past month, Carlisle’s shares have increased 10.4% compared with the industry’s growth of 2.8%.
Below we discussed why Carlisle is currently a worthy investment option.
Impressive Earnings Outlook: Carlisle delivered better-than-expected results in three of last four quarters while recording in-line results in one. Notably, it has average four-quarter positive earnings surprise of 11.90%.
For 2019, the company’s earnings estimates were revised upward by one brokerage firm in the past 60 days, indicating brighter prospects ahead. Currently, the Zacks Consensus Estimate for earnings is pegged at $7.00 for 2019, reflecting growth of 1.2% from the 60-day-ago tally. These estimates also reflect year-over-year growth of 25.1% for 2019.
Carlisle Companies Incorporated Price and Consensus
Carlisle Companies Incorporated Price and Consensus | Carlisle Companies Incorporated Quote
Carlisle believes that strengthening end markets, solid pricing actions, synergistic gains from acquired assets and cost-saving initiatives will support the bottom-line performance in the quarters ahead.
Revenue Growth: Carlisle operates through four segments — Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. Diversified business structure has been a boon for the company over time.
For 2018, the company anticipates sales in the Carlisle Construction Materials segment to grow in the low 20% range on the back of the strengthening commercial construction market in the United States and gains from acquired assets. Conversely, sales at Carlisle Interconnect Technologies segment are predicted to grow in double-digits, Carlisle Fluid Technologies in a mid-single digit, and Carlisle Brake & Friction in mid-teens.
Total revenues are predicted to grow in high-teens in 2018. The top-line performance will be mainly driven by improved performance in end-markets served (mainly aerospace, med-tech and others).
The Zacks Consensus Estimate for revenues is pegged at $4.69 billion for 2019. Estimates reflect year-over-year growth of 5%.
Acquisitions: Over time, Carlisle fortified its product portfolio and leveraged business opportunities through the addition of assets. In the third quarter of 2018, acquisitions added 11.7% to sales growth.
In January 2019, Carlisle completed the buyout of Petersen Aluminum Corporation for $197 million in cash. The acquired assets will be integrated with the company’s Carlisle Construction Materials segment and help in expanding the segment’s product offerings in the metal roofing platform. Prior to this acquisition, Carlisle added Drexel Metals, Sunlast Metal and Premium Panels to its portfolio.
Shareholder-Friendly Moves: Carlisle uses its capital for product development, capacity expansion, acquisitions and rewarding shareholders handsomely. A brief discussion on dividend payments and share buybacks is provided below.
In the first nine months of 2018, Carlisle paid dividends, totaling $69.7 million, to its shareholders and brought back shares worth $295.4 million. It’s worth mentioning here that the company increased its quarterly dividend rate by 8.1% or 3 cents in August 2018. This marked the company’s 42nd consecutive increment in the quarterly dividend rate.
Other Key Picks
Other top-ranked stocks in the industry are Hitachi, Ltd. (HTHIY - Free Report) , HC2 Holdings, Inc. and Barloworld Limited (BRRAY - Free Report) . While Hitachi currently sports a Zacks Rank #1 (Strong Buy), HC2 Holdings and Barloworld carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Hitachi’s earnings estimates for fiscal 2019 (ending March 2019) and fiscal 2020 (ending March 2020) have improved in the past 60 days. Further, the company pulled off average positive earnings surprise of 55.51% for the last four quarters.
HC2 Holdings’ bottom-line estimates remained unchanged for 2018 (results not yet released) and 2019 in the past 60 days. The company delivered a positive earnings surprise of 111.90% in the last reported quarter.
Barloworld’s earnings estimates for fiscal 2019 (ending September 2019) improved in the last 60 days.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>