Carpenter Technology - CRS Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CRS shares.
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3 brokers have issued 1 year price targets 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 twelve months. This suggests a possible upside of 9.2% 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 $36.94 at the beginning of the year. Since then, CRS shares have increased by 18.4% and is now trading at $43.73.
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Carpenter Technology saw a decline in short interest in the month of December. As of December 15th, there was short interest totaling 1,250,000 shares, a decline of 6.7% from the November 30th total of 1,340,000 shares. Based on an average daily volume of 252,900 shares, the short-interest ratio is currently 4.9 days. Currently, 2.6% 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 Thursday, January 26th 2023.
View our CRS earnings forecast.

Carpenter Technology Co. (NYSE:CRS) issued its quarterly earnings data on Thursday, October, 28th. The basic materials company reported ($0.28) earnings per share for the quarter, beating analysts' consensus estimates of ($0.38) by $0.10. The basic materials company earned $387.60 million during the quarter, compared to analysts' expectations of $428.67 million. Carpenter Technology had a negative net margin of 2.09% and a negative trailing twelve-month return on equity of 3.35%. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted ($0.58) EPS.

Carpenter Technology declared a quarterly dividend on Thursday, January 19th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, January 30th.
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 1.82%.
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 a variety of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.60%), Assenagon Asset Management S.A. (0.14%), Yousif Capital Management LLC (0.06%), JB Capital LLC (0.03%), Beaumont Financial Advisors LLC (0.01%) and ARK Investment Management LLC (0.01%). 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 $43.73.

Carpenter Technology (NYSE:CRS) has a market capitalization of $2.12 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.