Carpenter Technology (CRS) Stock Forecast, Price & News

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.

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.

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.
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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.

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

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.

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.

ETFs with the largest weight of Carpenter Technology (NYSE:CRS) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), Subversive Decarbonization ETF (DKRB), VanEck Steel ETF (SLX), Invesco DWA Basic Materials Momentum ETF (PYZ), SPDR S&P Metals & Mining ETF (XME), Invesco S&P SmallCap Momentum ETF (XSMO), Direxion Daily Metal Miners Bull 2X Shares (MNM) and iShares S&P Small-Cap 600 Value ETF (IJS).

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.

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.

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).

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

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.

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

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.

The company employs 4,100 workers across the globe.

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.