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 twelve months. 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 Wall Street analysts have issued twelve-month price targets for Carpenter Technology's shares. Their CRS share price forecasts range from $48.00 to $53.00. On average, they predict the company's share price to reach $50.50 in the next year. This suggests a possible upside of 37.5% from the stock's current price.
View analysts price targets for CRS or view top-rated stocks among Wall Street analysts.

Carpenter Technology's stock was trading at $29.19 on January 1st, 2022. Since then, CRS stock has increased by 25.9% and is now trading at $36.74.
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Carpenter Technology saw a drop in short interest during the month of 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 volume of 375,900 shares, the days-to-cover ratio is presently 4.4 days. Currently, 3.6% of the company's stock are short sold.
View Carpenter Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our CRS earnings forecast.

Carpenter Technology Co. (NYSE:CRS) announced its quarterly earnings data on Thursday, October, 28th. The basic materials company reported ($0.28) EPS for the quarter, beating 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%. The firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.58) earnings per share.

Carpenter Technology announced a quarterly dividend on Thursday, April 21st. Investors of record on Tuesday, May 3rd will be paid a dividend of $0.20 per share on Thursday, June 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Monday, May 2nd.
Read our dividend analysis for CRS.

Carpenter Technology (NYSE:CRS) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.38%.
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 many different institutional and retail investors. Top institutional investors include Frontier Capital Management Co. LLC (2.61%), Emerald Advisers LLC (1.30%), Emerald Mutual Fund Advisers Trust (1.14%), Mirae Asset Global Investments Co. Ltd. (0.97%), Royce & Associates LP (0.82%) and RMB Capital Management LLC (0.62%). 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.

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 $36.74.

Carpenter Technology (NYSE:CRS) has a market capitalization of $1.77 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.

The company employs 3,900 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.