Carpenter Technology - CRS Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CRS shares.
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4 Wall Street analysts have issued twelve-month price objectives for Carpenter Technology's shares. Their CRS share price forecasts range from $45.00 to $53.00. On average, they expect the company's stock price to reach $47.75 in the next year. This suggests a possible upside of 11.4% 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 at the beginning of 2022. Since then, CRS stock has increased by 46.8% and is now trading at $42.85.
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Carpenter Technology saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 1,490,000 shares, a decrease of 6.9% from the October 31st total of 1,600,000 shares. Based on an average trading volume of 256,600 shares, the days-to-cover ratio is presently 5.8 days. Approximately 3.2% of the company's stock are sold short.
View Carpenter Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our CRS earnings forecast.

Carpenter Technology Co. (NYSE:CRS) released its earnings results on Thursday, October, 27th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.14). The basic materials company earned $522.90 million during the quarter, compared to analyst estimates of $558 million. Carpenter Technology had a negative net margin of 2.09% and a negative trailing twelve-month return on equity of 3.35%.

Carpenter Technology declared a quarterly dividend on Thursday, October 13th. Stockholders of record on Tuesday, October 25th will be given a dividend of $0.20 per share on Thursday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Monday, October 24th.
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 1.94%.
Read our dividend analysis for CRS.

Carpenter Technology issued an update on its first quarter 2023 earnings guidance on Thursday, October, 27th. The company provided earnings per share guidance of -$0.16--$0.14 for the period, compared to the consensus estimate of -$0.01. The company issued revenue guidance of -.

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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.23%), Vanguard Group Inc. (11.65%), Dimensional Fund Advisors LP (7.11%), State Street Corp (5.72%), Frontier Capital Management Co. LLC (3.30%) and Thrivent Financial for Lutherans (3.22%). Insiders that own company stock include Brian J Malloy, James D Dee, Kathleen Ligocki, Robert R Mcmaster, 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 $42.85.

Carpenter Technology (NYSE:CRS) has a market capitalization of $2.08 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 ($0.86) on an earnings per share basis.

The company employs 4,100 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.