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NYSE:CRS

Carpenter Technology (CRS) Stock Forecast, Price & News

$52.15
+0.13 (+0.25%)
(As of 02:58 PM ET)
Compare
Today's Range
$50.84
$52.43
50-Day Range
$41.60
$54.34
52-Week Range
$24.76
$54.89
Volume
156,368 shs
Average Volume
418,501 shs
Market Capitalization
$2.53 billion
P/E Ratio
124.17
Dividend Yield
1.53%
Price Target
$49.50

Carpenter Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
3.3% Downside
$49.50 Price Target
Short Interest
Healthy
3.38% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.56
Upright™ Environmental Score
News Sentiment
1.25mentions of Carpenter Technology in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
181.73%
From $1.04 to $2.93 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.99 out of 5 stars

Basic Materials Sector

103rd out of 164 stocks

Blast Furnaces & Steel Mills Industry

7th out of 13 stocks


CRS stock logo

About Carpenter Technology (NYSE:CRS) Stock

Carpenter Technology Corp. engages in the manufacturing, fabrication, and distribution of specialty metals. It operates through the Specialty Alloys Operations and Performance Engineered Products segments. The Specialty Alloys Operations segment is composed of its major premium alloy and stainless-steel manufacturing operations. The Performance Engineered Products segment includes the Dynamet titanium, Carpenter Additive, and the Latrobe and Mexico distribution businesses. The company was founded by James Carpenter in 1889 and is headquartered in Philadelphia, PA.

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CRS Stock News Headlines

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Carpenter Technology (NYSE:CRS) Now Covered by StockNews.com
“One-Stock Millionaire” IGNORES 99.9% of the Market
During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.
Carpenter Technology $CRS Trading Signals
Carpenter Technology (NYSE:CRS) Lifted to Hold at StockNews.com
Q3 2023 Carpenter Technology Corp Earnings Call
Cowen & Co. Sticks to Their Buy Rating for Carpenter Technology (CRS)
Carpenter Technology Corp. Q3 Earnings Summary
Take Profits On Carpenter Technology (CRS)
See More Headlines

CRS Price History

CRS Company Calendar

Last Earnings
4/27/2023
Ex-Dividend for 6/1 Dividend
5/01/2023
Dividend Payable
6/01/2023
Today
6/08/2023
Fiscal Year End
6/30/2023
Next Earnings (Estimated)
7/27/2023

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
14428510
Employees
4,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$49.50
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
-4.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-49,100,000.00
Pretax Margin
1.24%

Debt

Sales & Book Value

Annual Sales
$1.84 billion
Cash Flow
$1.79 per share
Book Value
$27.56 per share

Miscellaneous

Free Float
46,851,000
Market Cap
$2.53 billion
Optionable
Optionable
Beta
1.76

Key Executives

  • Tony R. Thene
    President, Chief Executive Officer & Director
  • Joe Haniford
    Senior Vice President-Operations
  • Timothy Lain
    Chief Financial Officer & Senior Vice President
  • Suniti Moudgil
    Chief Technology Officer
  • James Digiacomo Dee
    Secretary, Senior Vice President & General Counsel













CRS Stock - Frequently Asked Questions

Should I buy or sell Carpenter Technology stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CRS shares.
View CRS analyst ratings
or view top-rated stocks.

What is Carpenter Technology's stock price forecast for 2023?

2 equities research analysts have issued 12-month price targets for Carpenter Technology's stock. Their CRS share price forecasts range from $45.00 to $54.00. On average, they anticipate the company's share price to reach $49.50 in the next year. This suggests that the stock has a possible downside of 4.9%.
View analysts price targets for CRS
or view top-rated stocks among Wall Street analysts.

How have CRS shares performed in 2023?

Carpenter Technology's stock was trading at $36.94 at the start of the year. Since then, CRS stock has increased by 40.9% and is now trading at $52.04.
View the best growth stocks for 2023 here
.

Are investors shorting Carpenter Technology?

Carpenter Technology saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,600,000 shares, an increase of 5.3% from the April 30th total of 1,520,000 shares. Based on an average daily volume of 439,800 shares, the short-interest ratio is currently 3.6 days. Approximately 3.4% of the shares of the stock are short sold.
View Carpenter Technology's Short Interest
.

When is Carpenter Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our CRS earnings forecast
.

How were Carpenter Technology's earnings last quarter?

Carpenter Technology Co. (NYSE:CRS) issued its quarterly earnings results on Thursday, April, 27th. The basic materials company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The basic materials company earned $690.10 million during the quarter, compared to the consensus estimate of $632.50 million. Carpenter Technology had a net margin of 0.87% and a trailing twelve-month return on equity of 1.35%. Carpenter Technology's revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.20) EPS.

How often does Carpenter Technology pay dividends? What is the dividend yield for Carpenter Technology?

Carpenter Technology announced a quarterly dividend on Thursday, April 20th. Stockholders of record on Tuesday, May 2nd will be given a dividend of $0.20 per share on Thursday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Monday, May 1st.
Read our dividend analysis for CRS
.

Is Carpenter Technology a good dividend stock?

Carpenter Technology (NYSE:CRS) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.66%. The dividend payout ratio is 190.48%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CRS will have a dividend payout ratio of 27.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRS.

What is Tony Thene's approval rating as Carpenter Technology's CEO?

87 employees have rated Carpenter Technology Chief Executive Officer Tony Thene on Glassdoor.com. Tony Thene has an approval rating of 35% among the company's employees. This puts Tony Thene in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Carpenter Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carpenter Technology investors own include WPX Energy (WPX), Broadcom (AVGO), AT&T (T), Intel (INTC), Pfizer (PFE), Inovio Pharmaceuticals (INO), Micron Technology (MU), Cisco Systems (CSCO), AbbVie (ABBV) and Gilead Sciences (GILD).

What is Carpenter Technology's stock symbol?

Carpenter Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRS."

Who are Carpenter Technology's major shareholders?

Carpenter Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.47%), Dimensional Fund Advisors LP (7.55%), State Street Corp (5.46%), Frontier Capital Management Co. LLC (3.71%), Thrivent Financial for Lutherans (3.22%) and Bank of New York Mellon Corp (2.11%).
View institutional ownership trends
.

How do I buy shares of Carpenter Technology?

Shares of CRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Carpenter Technology's stock price today?

One share of CRS stock can currently be purchased for approximately $52.04.

How much money does Carpenter Technology make?

Carpenter Technology (NYSE:CRS) has a market capitalization of $2.53 billion and generates $1.84 billion in revenue each year. The basic materials company earns $-49,100,000.00 in net income (profit) each year or $0.42 on an earnings per share basis.

How many employees does Carpenter Technology have?

The company employs 4,100 workers across the globe.

How can I contact Carpenter Technology?

Carpenter Technology's mailing address is 1735 MARKET STREET 15TH FL, PHILADELPHIA PA, 19103. The official website for the company is www.carpentertechnology.com. The basic materials company can be reached via phone at (610) 208-2000, via email at brad@theplunkettgroup.com, or via fax at 610-208-3716.

This page (NYSE:CRS) was last updated on 6/8/2023 by MarketBeat.com Staff

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