Carpenter Technology Stock Price, Forecast & Analysis (NYSE:CRS)

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

Carpenter Technology declared a quarterly dividend on Tuesday, October 8th. Investors of record on Tuesday, October 22nd will be paid 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 1.53%. The ex-dividend date of this dividend is Monday, October 21st. View Carpenter Technology's Dividend History.

Carpenter Technology Co. (NYSE:CRS) released its quarterly earnings results on Thursday, October, 24th. The basic materials company reported $0.85 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 return on equity of 10.81% and a net margin of 7.38%. The business's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. 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 stock. Their forecasts range from $53.00 to $59.00. On average, they anticipate Carpenter Technology's share price to reach $56.00 in the next twelve months. This suggests a possible upside of 7.0% 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 headlines about CRS stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Carpenter Technology earned a news sentiment score of 1.7 on InfoTrie's scale. They also gave headlines about the basic materials company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Carpenter Technology.

Carpenter Technology saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,780,000 shares, an increase of 8.5% from the September 30th total of 1,640,000 shares. Based on an average daily volume of 267,100 shares, the short-interest ratio is presently 6.7 days. Approximately 3.8% of the shares of the company 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), Worthington Industries (WOR), Cleveland-Cliffs (CLF), 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), Micron Technology (MU), ConocoPhillips (COP), General Electric (GE), Biogen (BIIB), Ford Motor (F), NantHealth (NH), QUALCOMM (qcom) and Starbucks (SBUX).

Carpenter Technology's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Tributary Capital Management LLC (0.72%), Hillcrest Asset Management LLC (0.56%), Emerald Advisers LLC (0.41%), Rhumbline Advisers (0.33%), California Public Employees Retirement System (0.23%) and Russell Investments Group Ltd. (0.22%). Company insiders that own Carpenter Technology stock include Damon J Audia, Gregory A Pratt, I Martin Inglis, James D Dee, Jeffrey Wadsworth, Joseph E Haniford, 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 Russell Investments Group Ltd., Tributary Capital Management LLC, Emerald Advisers LLC, Hillcrest Asset Management LLC, Meeder Asset Management Inc., Scout Investments Inc., Tower Research Capital LLC TRC and SG Americas Securities 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 California Public Employees Retirement System, Chicago Equity Partners LLC, State of Alaska Department of Revenue, Alps Advisors Inc., Rhumbline Advisers, WBI Investments Inc., First Trust Advisors LP and Virginia Retirement Systems ET AL. 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 $52.36.

Carpenter Technology has a market capitalization of $2.50 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]