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 year. 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 target prices for Carpenter Technology's stock. Their CRS share price forecasts range from $48.00 to $53.00. On average, they anticipate the company's share price to reach $50.50 in the next year. This suggests a possible upside of 29.3% 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 start of the year. Since then, CRS shares have increased by 33.8% and is now trading at $39.05.
View the best growth stocks for 2022 here.

Carpenter Technology saw a drop in short interest in 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 trading volume, of 375,900 shares, the days-to-cover ratio is presently 4.4 days. Currently, 3.6% of the company's shares are sold short.
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 results on Thursday, October, 28th. The basic materials company reported ($0.28) EPS for the quarter, topping 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%. Carpenter Technology's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.58) earnings per share.

Carpenter Technology announced a quarterly dividend on Monday, August 15th. Shareholders of record on Tuesday, August 23rd will be given a dividend of $0.20 per share on Thursday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Monday, August 22nd.
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 2.14%.
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 State Street Corp (6.17%), Price T Rowe Associates Inc. MD (5.17%), Thrivent Financial for Lutherans (3.04%), Frontier Capital Management Co. LLC (2.61%), Millennium Management LLC (1.38%) and FMR LLC (1.38%). 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.
Compare Top Brokerages Here.

One share of CRS stock can currently be purchased for approximately $39.05.

Carpenter Technology (NYSE:CRS) has a market capitalization of $1.89 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.