NYSE:CRSCarpenter Technology Stock Price, Forecast & News

Carpenter Technology's stock was trading at $27.28 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CRS shares have decreased by 17.2% and is now trading at $22.59. 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) posted its quarterly earnings results on Thursday, April, 30th. The basic materials company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. The basic materials company had revenue of $585.40 million for the quarter, compared to the consensus estimate of $573 million. Carpenter Technology had a net margin of 7.08% and a return on equity of 10.80%. Carpenter Technology's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 earnings per share. View Carpenter Technology's earnings history.

Carpenter Technology declared a quarterly dividend on Thursday, April 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Monday, May 4th. View Carpenter Technology's dividend history.

4 equities research analysts have issued 1-year price targets for Carpenter Technology's stock. Their forecasts range from $27.00 to $30.00. On average, they anticipate Carpenter Technology's stock price to reach $28.50 in the next twelve months. This suggests a possible upside of 26.2% from the stock's current price. View analysts' price targets for Carpenter Technology.

Media stories about CRS stock have trended neutral on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Carpenter Technology earned a daily sentiment score of 0.4 on InfoTrie's scale. They also gave headlines about the basic materials company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about Carpenter Technology.

Carpenter Technology saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,120,000 shares, a decrease of 11.1% from the June 15th total of 1,260,000 shares. Based on an average daily volume of 560,400 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.4% 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), United States Steel (X), Allegheny Technologies (ATI), 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 $22.59.

Carpenter Technology has a market capitalization of $1.08 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]