NYSE:CRSCarpenter Technology Stock Price, Forecast & News

Carpenter Technology's stock was trading at $27.28 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CRS shares have decreased by 11.3% and is now trading at $24.19. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Carpenter Technology.

Carpenter Technology is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Carpenter Technology.

Carpenter Technology Co. (NYSE:CRS) released its quarterly earnings data on Thursday, April, 30th. The basic materials company reported $0.82 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.77 by $0.05. The basic materials company had revenue of $585.40 million for the quarter, compared to analysts' expectations of $573 million. Carpenter Technology had a return on equity of 10.80% and a net margin of 7.08%. The company's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the business posted $0.87 EPS. View Carpenter Technology's earnings history.

Carpenter Technology announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Tuesday, May 5th will be given a dividend of $0.20 per share on Thursday, June 4th. This represents a $0.80 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Monday, May 4th. View Carpenter Technology's dividend history.

4 equities research analysts have issued twelve-month price objectives for Carpenter Technology's shares. Their forecasts range from $27.00 to $30.00. On average, they expect Carpenter Technology's stock price to reach $28.50 in the next year. This suggests a possible upside of 17.8% from the stock's current price. View analysts' price targets for Carpenter Technology.

News stories about CRS stock have trended somewhat positive on Saturday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog 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 media sentiment score of 0.8 on InfoTrie's scale. They also gave news headlines about the basic materials company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news about Carpenter Technology.

Carpenter Technology saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,260,000 shares, a decrease of 8.0% from the May 31st total of 1,370,000 shares. Based on an average daily trading volume, of 590,800 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.7% of the company's shares 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), Commercial Metals (CMC), Cleveland-Cliffs (CLF), Worthington Industries (WOR), Allegheny Technologies (ATI), United States Steel (X), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Carpenter Technology investors own include WPX Energy (WPX), ConocoPhillips (COP), Inovio Pharmaceuticals (INO), Ford Motor (F), General Electric (GE), Micron Technology (MU), AbbVie (ABBV), Allegheny Technologies (ATI), General Motors (GM) and AT&T (T).

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

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 $24.19.

Carpenter Technology has a market capitalization of $1.16 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.

The official website for Carpenter Technology is 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]