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NYSE:CRS

Carpenter Technology - CRS Stock Forecast, Price & News

$43.14
+1.09 (+2.59%)
(As of 03/29/2023 12:00 AM ET)
Add
Compare
Today's Range
$42.48
$43.19
50-Day Range
$38.39
$52.03
52-Week Range
$24.76
$52.50
Volume
323,286 shs
Average Volume
394,868 shs
Market Capitalization
$2.09 billion
P/E Ratio
N/A
Dividend Yield
1.85%
Price Target
$49.00

Carpenter Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.6% Upside
$49.00 Price Target
Short Interest
Healthy
2.85% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.17
Upright™ Environmental Score
News Sentiment
-0.25mentions of Carpenter Technology in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$289,304 Sold Last Quarter
Proj. Earnings Growth
171.43%
From $1.05 to $2.85 Per Share

Overall MarketRank

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

2.09 out of 5 stars

Basic Materials Sector

104th out of 162 stocks

Blast Furnaces & Steel Mills Industry

12th out of 14 stocks


CRS stock logo

About Carpenter Technology (NYSE:CRS) Stock

Carpenter Technology Corp. engages in the manufacturing, fabrication, and distribution of specialty metals. It operates through the Specialty Alloys Operations and Performance Engineered Products segments. The Specialty Alloys Operations segment is composed of its major premium alloy and stainless-steel manufacturing operations. The Performance Engineered Products segment includes the Dynamet titanium, Carpenter Additive, and the Latrobe and Mexico distribution businesses. The company was founded by James Carpenter in 1889 and is headquartered in Philadelphia, PA.

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CRS Stock News Headlines

How Big Companies Choose Who Is Laid Off
Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
Earnings Outlook For Carpenter Technology
CRS Carpenter Technology Corporation
Carpenter Technology Reports Q1 Net Loss Narrows
See More Headlines
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CRS Company Calendar

Last Earnings
1/26/2023
Ex-Dividend for 3/2 Dividend
1/30/2023
Dividend Payable
3/02/2023
Today
3/29/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
14428510
Employees
4,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$49.00
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+13.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-49,100,000.00
Pretax Margin
-0.14%

Debt

Sales & Book Value

Annual Sales
$1.84 billion
Cash Flow
$1.74 per share
Book Value
$27.56 per share

Miscellaneous

Free Float
46,811,000
Market Cap
$2.09 billion
Optionable
Optionable
Beta
1.79

Key Executives

  • Tony R. Thene
    President, Chief Executive Officer & Director
  • Joe Haniford
    Senior Vice President-Operations
  • Timothy Lain
    Chief Financial Officer & Senior Vice President
  • Suniti Moudgil
    Chief Technology Officer
  • James Digiacomo Dee
    Secretary, Senior Vice President & General Counsel













CRS Stock - Frequently Asked Questions

Should I buy or sell Carpenter Technology stock right now?

2 Wall Street 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 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 2023?

2 brokers have issued 1-year target prices for Carpenter Technology's shares. Their CRS share price forecasts range from $45.00 to $54.00. On average, they anticipate the company's stock price to reach $49.00 in the next year. This suggests a possible upside of 13.6% 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 2023?

Carpenter Technology's stock was trading at $36.94 on January 1st, 2023. Since then, CRS stock has increased by 16.8% and is now trading at $43.14.
View the best growth stocks for 2023 here
.

Are investors shorting Carpenter Technology?

Carpenter Technology saw a increase in short interest in February. As of February 28th, there was short interest totaling 1,360,000 shares, an increase of 13.3% from the February 13th total of 1,200,000 shares. Based on an average daily trading volume, of 354,900 shares, the days-to-cover ratio is presently 3.8 days. Currently, 2.9% of the company's stock are short sold.
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, April 27th 2023.
View our CRS earnings forecast
.

How were Carpenter Technology's earnings last quarter?

Carpenter Technology Co. (NYSE:CRS) announced its earnings results on Thursday, January, 26th. The basic materials company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The basic materials company earned $579.10 million during the quarter, compared to the consensus estimate of $525.67 million. Carpenter Technology had a negative trailing twelve-month return on equity of 0.78% and a negative net margin of 0.26%. The business's quarterly revenue was up 46.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($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 Thursday, January 19th. Stockholders of record on Tuesday, January 31st will be paid a dividend of $0.20 per share on Thursday, March 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Monday, January 30th.
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 1.95%.
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 number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.39%), T. Rowe Price Investment Management Inc. (3.78%), Thrivent Financial for Lutherans (2.94%), Geode Capital Management LLC (1.81%), Mirae Asset Global Investments Co. Ltd. (1.49%) and Charles Schwab Investment Management Inc. (1.48%).
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 $43.14.

How much money does Carpenter Technology make?

Carpenter Technology (NYSE:CRS) has a market capitalization of $2.09 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 ($0.12) on an earnings per share basis.

How many employees does Carpenter Technology have?

The company employs 4,100 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 3/29/2023 by MarketBeat.com Staff