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NYSE:CRS

Carpenter Technology - CRS Stock Forecast, Price & News

$39.05
+1.73 (+4.64%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$36.96
$39.36
50-Day Range
$25.35
$39.05
52-Week Range
$24.76
$44.96
Volume
365,121 shs
Average Volume
423,550 shs
Market Capitalization
$1.89 billion
P/E Ratio
N/A
Dividend Yield
2.14%
Price Target
$50.50

Carpenter Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
29.3% Upside
$50.50 Price Target
Short Interest
Bearish
3.69% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.38
Upright™ Environmental Score
News Sentiment
0.80mentions of Carpenter Technology in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

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

1.82 out of 5 stars

Basic Materials Sector

142nd out of 170 stocks

Blast Furnaces & Steel Mills Industry

14th out of 14 stocks

CRS stock logo

About Carpenter Technology (NYSE:CRS) Stock

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates through two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts. It serves aerospace, defense, medical, transportation, energy, industrial, and consumer markets. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.

Carpenter Technology Stock Performance

NYSE:CRS opened at $37.32 on Tuesday. Carpenter Technology has a 52-week low of $24.76 and a 52-week high of $44.96. The company has a 50-day simple moving average of $30.34 and a 200 day simple moving average of $34.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.66 and a current ratio of 2.98. The company has a market capitalization of $1.80 billion, a PE ratio of -36.23 and a beta of 1.77.

Carpenter Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Tuesday, August 23rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, August 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.14%. Carpenter Technology's dividend payout ratio (DPR) is presently -77.67%.

Analyst Ratings Changes

Several brokerages have recently commented on CRS. StockNews.com upgraded shares of Carpenter Technology from a "sell" rating to a "hold" rating in a report on Monday, May 16th. Benchmark increased their target price on shares of Carpenter Technology from $43.00 to $48.00 in a report on Wednesday, April 20th.

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CRS Stock News Headlines

Carpenter Technology Swings To Profit In Q4, Beats Estimates
Carpenter Technology (CRS) to Release Earnings on Thursday
Carpenter Technology Tops Q3 EPS by 7c
Carpenter Technology Q3 2022 Earnings Preview
Carpenter Technology prices $300M debt offering
See More Headlines
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CRS Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 6/2 Dividend
5/02/2022
Dividend Payable
6/02/2022
Today
8/16/2022
Ex-Dividend for 9/1 Dividend
8/22/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
14428510
Employees
3,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$50.50
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+29.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-49,100,000.00
Pretax Margin
-3.44%

Debt

Sales & Book Value

Annual Sales
$1.84 billion
Cash Flow
$1.73 per share
Book Value
$27.56 per share

Miscellaneous

Free Float
46,058,000
Market Cap
$1.89 billion
Optionable
Optionable
Beta
1.77

Key Executives

  • Mr. Tony R. Thene (Age 62)
    Pres, CEO & Director
    Comp: $2.12M
  • Mr. Timothy Lain (Age 50)
    Sr. VP & CFO
    Comp: $849.37k
  • Mr. James D. Dee (Age 64)
    Sr. VP, Gen. Counsel, Sec., Chief Governance Officer & Chief Compliance Officer
    Comp: $769k
  • Mr. Joseph E. Haniford (Age 63)
    Sr. VP of Continuous Improvement
    Comp: $806.26k
  • Mr. Brian J. Malloy
    Sr. VP and Group Pres of SAO
  • Ms. Elizabeth A. Socci
    VP, Controller & Chief Accounting Officer
  • Dr. Suniti Moudgil
    Chief Technology Officer
  • Ms. Rachelle H. Thompson
    VP & Chief HR Officer
  • Mr. David Graf
    VP & Group Pres of PEP
  • Mr. Shakthimani Logasundaram
    Chief Digital Officer













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 2022?

2 Wall Street analysts have issued twelve-month target prices for Carpenter Technology's stock. Their CRS share price forecasts range from $48.00 to $53.00. On average, they anticipate the company's share price to reach $50.50 in the next year. This suggests a possible upside of 29.3% from the stock's current price.
View analysts price targets for CRS
or view top-rated stocks among Wall Street analysts.

How have CRS shares performed in 2022?

Carpenter Technology's stock was trading at $29.19 at the start of the year. Since then, CRS shares have increased by 33.8% and is now trading at $39.05.
View the best growth stocks for 2022 here
.

Are investors shorting Carpenter Technology?

Carpenter Technology saw a drop in short interest in June. As of June 30th, there was short interest totaling 1,670,000 shares, a drop of 19.7% from the June 15th total of 2,080,000 shares. Based on an average daily trading volume, of 375,900 shares, the days-to-cover ratio is presently 4.4 days. Currently, 3.6% of the company's shares are sold short.
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, October 27th 2022.
View our CRS earnings forecast
.

How were Carpenter Technology's earnings last quarter?

Carpenter Technology Co. (NYSE:CRS) announced its quarterly earnings results on Thursday, October, 28th. The basic materials company reported ($0.28) EPS for the quarter, topping analysts' consensus estimates of ($0.38) by $0.10. The basic materials company had revenue of $387.60 million for the quarter, compared to the consensus estimate of $428.67 million. Carpenter Technology had a negative trailing twelve-month return on equity of 3.83% and a negative net margin of 2.67%. Carpenter Technology's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.58) earnings per share.

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

Carpenter Technology announced a quarterly dividend on Monday, August 15th. Shareholders of record on Tuesday, August 23rd will be given a dividend of $0.20 per share on Thursday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Monday, August 22nd.
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 2.14%.
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 institutional and retail investors. Top institutional investors include State Street Corp (6.17%), Price T Rowe Associates Inc. MD (5.17%), Thrivent Financial for Lutherans (3.04%), Frontier Capital Management Co. LLC (2.61%), Millennium Management LLC (1.38%) and FMR LLC (1.38%). Insiders that own company stock include Brian J Malloy, Gregory A Pratt, James D Dee, Kathleen Ligocki, Robert R Mcmaster, Steven E Karol, Timothy Lain and Tony R Thene.
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 $39.05.

How much money does Carpenter Technology make?

Carpenter Technology (NYSE:CRS) has a market capitalization of $1.89 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 ($1.03) on an earnings per share basis.

How many employees does Carpenter Technology have?

The company employs 3,900 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 8/16/2022 by MarketBeat.com Staff

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