NYSE:CRS - Carpenter Technology Stock Price, Forecast & News

Carpenter Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRS."

Carpenter Technology announced a dividend on Thursday, January 23rd. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.20 per share on Thursday, March 5th. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Carpenter Technology's previous dividend of $0.18. View Carpenter Technology's Dividend History.

Carpenter Technology Co. (NYSE:CRS) posted its quarterly earnings results on Thursday, October, 24th. The basic materials company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by $0.04. The basic materials company had revenue of $585.40 million for the quarter, compared to analyst estimates of $604.78 million. Carpenter Technology had a net margin of 7.38% and a return on equity of 10.81%. Carpenter Technology's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. View Carpenter Technology's Earnings History.

Carpenter Technology is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Carpenter Technology.

Carpenter Technology will be holding an earnings conference call on Thursday, January 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

3 Wall Street analysts have issued twelve-month price targets for Carpenter Technology's stock. Their forecasts range from $53.00 to $59.00. On average, they anticipate Carpenter Technology's stock price to reach $56.00 in the next year. This suggests a possible upside of 30.2% from the stock's current price. View Analyst Price Targets for Carpenter Technology.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Carpenter Technology.

Press coverage about CRS stock has been trending extremely negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Carpenter Technology earned a coverage optimism score of -4.5 on InfoTrie's scale. They also gave media headlines about the basic materials company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Carpenter Technology.

Carpenter Technology saw a drop in short interest in December. As of December 31st, there was short interest totalling 1,290,000 shares, a drop of 25.4% from the December 15th total of 1,730,000 shares. Based on an average trading volume of 249,300 shares, the short-interest ratio is currently 5.2 days. Approximately 2.8% of the shares of the company 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), Allegheny Technologies (ATI), Worthington Industries (WOR), Cleveland-Cliffs (CLF), United States Steel (X), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Carpenter Technology investors own include WPX Energy (WPX), Inovio Pharmaceuticals (INO), ConocoPhillips (COP), Micron Technology (MU), Ford Motor (F), General Electric (GE), AT&T (T), Biogen (BIIB), AbbVie (ABBV) and General Motors (GM).

Carpenter Technology's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Tributary Capital Management LLC (0.70%), New York State Teachers Retirement System (0.24%), Scout Investments Inc. (0.12%), First National Bank of Omaha (0.04%), State of Alaska Department of Revenue (0.02%) and OLD National Bancorp IN (0.02%). Company insiders that own Carpenter Technology stock include Damon J Audia, Gregory A Pratt, I Martin Inglis, James D Dee, Jeffrey Wadsworth, Steven E Karol, Timothy Lain and Tony R Thene. View Institutional Ownership Trends for Carpenter Technology.

CRS stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Strs Ohio, Scout Investments Inc., State of Alaska Department of Revenue and OLD National Bancorp IN. Company insiders that have sold Carpenter Technology company stock in the last year include Gregory A Pratt and Steven E Karol. View Insider Buying and Selling for Carpenter Technology.

CRS stock was acquired by a variety of institutional investors in the last quarter, including New York State Teachers Retirement System, Sciencast Management LP, Eqis Capital Management Inc. and First National Bank of Omaha. View Insider Buying and Selling for Carpenter Technology.

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 $43.00.

Carpenter Technology has a market capitalization of $2.05 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.View Additional Information About Carpenter Technology.

The official website for Carpenter Technology is http://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]