NYSE:CRS - Carpenter Technology Stock Price, Forecast & News

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

Carpenter Technology announced a quarterly dividend on Tuesday, October 8th. Investors of record on Tuesday, October 22nd will be given a dividend of $0.20 per share on Thursday, December 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Monday, October 21st. View Carpenter Technology's Dividend History.

Carpenter Technology Co. (NYSE:CRS) posted its quarterly earnings results on Thursday, October, 24th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by $0.04. The basic materials company earned $585.40 million during the quarter, compared to the consensus estimate of $604.78 million. Carpenter Technology had a net margin of 7.38% and a return on equity of 10.81%. Carpenter Technology's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. View Carpenter Technology's Earnings History.

Carpenter Technology is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Carpenter Technology.

2 equities research analysts have issued 1-year target prices for Carpenter Technology's shares. Their forecasts range from $53.00 to $59.00. On average, they expect Carpenter Technology's share price to reach $56.00 in the next twelve months. This suggests a possible upside of 3.3% from the stock's current price. View Analyst Price Targets for Carpenter Technology.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Carpenter Technology.

Media stories about CRS stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Carpenter Technology earned a daily sentiment score of -2.0 on InfoTrie's scale. They also assigned news stories about the basic materials company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Carpenter Technology.

Carpenter Technology saw a increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,780,000 shares, an increase of 8.5% from the October 31st total of 1,640,000 shares. Based on an average trading volume of 267,100 shares, the short-interest ratio is presently 6.7 days. Approximately 3.8% of the company's stock are sold short. View Carpenter Technology's Current Options Chain.

Some companies that are related to Carpenter Technology include Nucor (NUE), Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Allegheny Technologies (ATI), Commercial Metals (CMC), United States Steel (X), Cleveland-Cliffs (CLF), Worthington Industries (WOR), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Carpenter Technology investors own include WPX Energy (WPX), Inovio Pharmaceuticals (INO), ConocoPhillips (COP), Micron Technology (MU), Ford Motor (F), General Electric (GE), Biogen (BIIB), Adobe (ADBE), Cisco Systems (CSCO) and Starbucks (SBUX).

Carpenter Technology's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (3.78%), Tributary Capital Management LLC (0.72%), Hillcrest Asset Management LLC (0.56%), Voya Investment Management LLC (0.54%), Emerald Advisers LLC (0.41%) and Rhumbline Advisers (0.33%). Company insiders that own Carpenter Technology stock include Damon J Audia, Gregory A Pratt, I Martin Inglis, James D Dee, Jeffrey Wadsworth, Steven E Karol, Timothy Lain and Tony R Thene. View Institutional Ownership Trends for Carpenter Technology.

CRS stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Voya Investment Management LLC, Russell Investments Group Ltd., Boston Partners, Squarepoint Ops LLC, Tributary Capital Management LLC, Emerald Advisers LLC and Hillcrest Asset Management LLC. Company insiders that have sold Carpenter Technology company stock in the last year include Gregory A Pratt and Steven E Karol. View Insider Buying and Selling for Carpenter Technology.

CRS stock was purchased by a variety of institutional investors in the last quarter, including Man Group plc, Millennium Management LLC, California Public Employees Retirement System, Barclays PLC, Chicago Equity Partners LLC, State of Alaska Department of Revenue, Alps Advisors Inc. and Rhumbline Advisers. View Insider Buying and Selling for Carpenter Technology.

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

One share of CRS stock can currently be purchased for approximately $54.19.

Carpenter Technology has a market capitalization of $2.59 billion and generates $2.38 billion in revenue each year. The basic materials company earns $167 million in net income (profit) each year or $3.46 on an earnings per share basis. Carpenter Technology employs 5,100 workers across the globe.View Additional Information About Carpenter Technology.

The official website for Carpenter Technology is http://www.cartech.com/.

Carpenter Technology's mailing address is 1735 MARKET STREET 15TH FL, PHILADELPHIA PA, 19103. The basic materials company can be reached via phone at 610-208-2000 or via email at [email protected]