NYSE:CRS Carpenter Technology - CRS Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Carpenter Technology Co. Please log in to your account or sign up in order to add this asset to your watchlist. $50.49 +0.85 (+1.71%) (As of 02/7/2023 12:57 PM ET) Add Compare Share Share Today's Range$49.27▼$50.4950-Day Range$35.88▼$50.9552-Week Range$24.76▼$51.71Volume99,269 shsAverage Volume436,339 shsMarket Capitalization$2.45 billionP/E RatioN/ADividend Yield1.57%Price Target$50.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Carpenter Technology MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside1.0% Downside$50.00 Price TargetShort InterestBearish2.67% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-4.17Upright™ Environmental ScoreNews Sentiment1.08Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth146.36%From $1.10 to $2.71 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.64 out of 5 starsBasic Materials Sector138th out of 157 stocksBlast Furnaces & Steel Mills Industry12th out of 12 stocks 1.5 Analyst's Opinion Consensus RatingCarpenter Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $50.00, Carpenter Technology has a forecasted downside of 1.0% from its current price of $50.49.Amount of Analyst CoverageCarpenter Technology has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.67% of the float of Carpenter Technology has been sold short.Short Interest Ratio / Days to CoverCarpenter Technology has a short interest ratio ("days to cover") of 4.5.Change versus previous monthShort interest in Carpenter Technology has recently increased by 2.44%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldCarpenter Technology pays a meaningful dividend of 1.57%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCarpenter Technology does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Carpenter Technology will have a dividend payout ratio of 29.52% next year. This indicates that Carpenter Technology will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCarpenter Technology has received a -122.79% net impact score from Upright. The largest negative impact of Carpenter Technology in category "GHG emissions" seems to be driven mostly by its "Copper alloys", "Nickel alloys", and "Stainless steel" products. See details.Environmental SustainabilityThe Environmental Impact score for Carpenter Technology is -4.17. Previous Next 2.8 News and Social Media Coverage News SentimentCarpenter Technology has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.39 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Carpenter Technology this week, compared to 1 article on an average week.Search InterestOnly 3 people have searched for CRS on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Carpenter Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Carpenter Technology insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.50% of the stock of Carpenter Technology is held by insiders.Percentage Held by Institutions92.28% of the stock of Carpenter Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Carpenter Technology are expected to grow by 146.36% in the coming year, from $1.10 to $2.71 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Carpenter Technology is -420.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Carpenter Technology is -420.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCarpenter Technology has a P/B Ratio of 1.83. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Carpenter Technology (NYSE:CRS) StockCarpenter Technology Corp. engages in the manufacturing, fabrication, and distribution of specialty metals. It operates through the Specialty Alloys Operations and Performance Engineered Products segments. The Specialty Alloys Operations segment is composed of its major premium alloy and stainless-steel manufacturing operations. The Performance Engineered Products segment includes the Dynamet titanium, Carpenter Additive, and the Latrobe and Mexico distribution businesses. The company was founded by James Carpenter in 1889 and is headquartered in Philadelphia, PA.Read More Receive CRS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Carpenter Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address CRS Stock News HeadlinesFebruary 5, 2023 | americanbankingnews.comCarpenter Technology Co. (NYSE:CRS) to Post FY2023 Earnings of $1.17 Per Share, Zacks Research ForecastsJanuary 30, 2023 | finance.yahoo.comCarpenter Technology Corporation (NYSE:CRS) Q2 2023 Earnings Call TranscriptFebruary 7, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...January 29, 2023 | americanbankingnews.comCarpenter Technology (NYSE:CRS) Lifted to "Hold" at StockNews.comJanuary 28, 2023 | americanbankingnews.comCarpenter Technology (NYSE:CRS) Price Target Raised to $54.00 at CowenJanuary 27, 2023 | msn.comCowen & Co. Maintains Outperform Rating for Carpenter Tech: Here's What You Need To KnowJanuary 27, 2023 | finance.yahoo.comCarpenter Technology Second Quarter 2023 Earnings: Revenues Beat Expectations, EPS In LineJanuary 26, 2023 | finanznachrichten.deCarpenter Technology Corporation: Carpenter Technology Reports Second Quarter Fiscal Year 2023 ResultsFebruary 7, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...January 26, 2023 | msn.comCarpenter Technology Non-GAAP EPS of $0.13, revenue of $579.1MJanuary 26, 2023 | finance.yahoo.comCarpenter Technology Reports Second Quarter Fiscal Year 2023 ResultsJanuary 26, 2023 | finance.yahoo.comCarpenter Technology (CRS) Q2 Earnings and Revenues Top EstimatesJanuary 26, 2023 | seekingalpha.comCarpenter Technology Corporation (CRS) Q2 2023 Earnings Call TranscriptJanuary 25, 2023 | msn.comEarnings Outlook For Carpenter TechnologyJanuary 24, 2023 | finance.yahoo.comCarpenter Technology (NYSE:CRS) Has Announced A Dividend Of $0.20December 28, 2022 | thestreet.comHow Will Carpenter Technology (CRS) Stock React To This Reduced Analyst Estimate?December 22, 2022 | thestreet.comCarpenter Technology Stock To Go Ex-dividend Tomorrow (CRS)December 14, 2022 | finance.yahoo.comThose who invested in Carpenter Technology (NYSE:CRS) a year ago are up 38%November 17, 2022 | finance.yahoo.comBe Wary Of Carpenter Technology (NYSE:CRS) And Its Returns On CapitalNovember 11, 2022 | seekingalpha.comCarpenter Technology: Navigating Well Through A Turbulent Initial Aerospace Recovery CycleNovember 1, 2022 | msn.comCarpenter Technology's Return On Capital Employed OverviewOctober 28, 2022 | seekingalpha.comCRS Carpenter Technology CorporationOctober 27, 2022 | markets.businessinsider.comCarpenter Technology Reports Q1 Net Loss NarrowsOctober 27, 2022 | finance.yahoo.comCarpenter Technology Reports First Quarter Fiscal Year 2023 ResultsOctober 27, 2022 | finance.yahoo.comCarpenter Technology (CRS) Reports Q1 Loss, Misses Revenue EstimatesOctober 18, 2022 | finance.yahoo.comCarpenter Technology (NYSE:CRS) Is Due To Pay A Dividend Of $0.20October 18, 2022 | finance.yahoo.comEstimating The Fair Value Of Carpenter Technology Corporation (NYSE:CRS)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CRS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Carpenter Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address CRS Company Calendar Ex-Dividend for 12/1 Dividend10/24/2022Dividend Payable12/01/2022Last Earnings1/26/2023Ex-Dividend for 3/2 Dividend1/30/2023Today2/07/2023Dividend Payable3/02/2023Next Earnings (Estimated)4/27/2023Fiscal Year End6/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Blast furnaces & steel mills Sub-IndustrySteel SectorBasic Materials Current SymbolNYSE:CRS CUSIP14428510 CIK17843 Webwww.carpentertechnology.com Phone(610) 208-2000Fax610-208-3716Employees4,100Year FoundedN/APrice Target and Rating Average Stock Price Forecast$50.00 High Stock Price Forecast$54.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside-1.0%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.12) Trailing P/E RatioN/A Forward P/E Ratio45.90 P/E GrowthN/ANet Income$-49,100,000.00 Net Margins-0.26% Pretax Margin-0.14% Return on Equity-0.78% Return on Assets-0.34% Debt Debt-to-Equity Ratio0.52 Current Ratio2.52 Quick Ratio1.10 Sales & Book Value Annual Sales$1.84 billion Price / Sales1.33 Cash Flow$1.64 per share Price / Cash Flow30.75 Book Value$27.56 per share Price / Book1.83Miscellaneous Outstanding Shares48,510,000Free Float46,811,000Market Cap$2.45 billion OptionableOptionable Beta1.78 Key ExecutivesTony R. ThenePresident, Chief Executive Officer & DirectorJoe HanifordSenior Vice President-OperationsTimothy LainChief Financial Officer & Senior Vice PresidentSuniti MoudgilChief Technology OfficerJames Digiacomo DeeSecretary, Senior Vice President & General CounselKey CompetitorsCommercial MetalsNYSE:CMCUnited States SteelNYSE:XTimkenSteelNYSE:TMSTAlgoma Steel GroupNASDAQ:ASTLGrupo SimecNYSE:SIMView All CompetitorsInsiders & InstitutionsEnvestnet Asset Management Inc.Sold 2,592 shares on 2/7/2023Ownership: 0.024%Shell Asset Management Co.Sold 209 shares on 2/7/2023Ownership: 0.007%Strengthening Families & Communities LLCBought 568 shares on 2/6/2023Ownership: 0.030%Wrapmanager Inc.Sold 1,657 shares on 2/6/2023Ownership: 0.016%Emerald Mutual Fund Advisers TrustBought 23,853 shares on 2/3/2023Ownership: 1.116%View All Institutional Transactions CRS Stock - Frequently Asked Questions Should I buy or sell Carpenter Technology stock right now? 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. View CRS analyst ratings or view top-rated stocks. What is Carpenter Technology's stock price forecast for 2023? 3 brokers have issued 1-year target prices for Carpenter Technology's shares. Their CRS share price forecasts range from $45.00 to $54.00. On average, they anticipate the company's share price to reach $50.00 in the next year. This suggests a possible upside of 0.7% from the stock's current price. View analysts price targets for CRS or view top-rated stocks among Wall Street analysts. How have CRS shares performed in 2023? Carpenter Technology's stock was trading at $36.94 at the beginning of 2023. Since then, CRS stock has increased by 34.4% and is now trading at $49.64. View the best growth stocks for 2023 here. When is Carpenter Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023. View our CRS earnings forecast. How were Carpenter Technology's earnings last quarter? Carpenter Technology Co. (NYSE:CRS) issued its earnings results on Thursday, January, 26th. The basic materials company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The basic materials company earned $579.10 million during the quarter, compared to analysts' expectations of $525.67 million. Carpenter Technology had a negative trailing twelve-month return on equity of 0.78% and a negative net margin of 0.26%. Carpenter Technology's quarterly revenue was up 46.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.58) earnings per share. How often does Carpenter Technology pay dividends? What is the dividend yield for Carpenter Technology? Carpenter Technology announced a quarterly dividend on Thursday, January 19th. Stockholders of record on Tuesday, January 31st will be given 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 1.61%. The ex-dividend date of this dividend is Monday, January 30th. Read our dividend analysis for CRS. Is Carpenter Technology a good dividend stock? Carpenter Technology (NYSE:CRS) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.57%. Read our dividend analysis for CRS. What is Tony Thene's approval rating as Carpenter Technology's CEO? 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. What other stocks do shareholders of Carpenter Technology own? 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). What is Carpenter Technology's stock symbol? Carpenter Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRS." Who are Carpenter Technology's major shareholders? Carpenter Technology's stock is owned by a number of institutional and retail investors. Top institutional investors include Emerald Advisers LLC (1.44%), Fisher Asset Management LLC (1.21%), Emerald Mutual Fund Advisers Trust (1.12%), New York State Common Retirement Fund (0.62%), Peregrine Capital Management LLC (0.60%) and New York State Teachers Retirement System (0.17%). 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. How do I buy shares of Carpenter Technology? 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. What is Carpenter Technology's stock price today? One share of CRS stock can currently be purchased for approximately $49.64. How much money does Carpenter Technology make? Carpenter Technology (NYSE:CRS) has a market capitalization of $2.41 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 ($0.12) on an earnings per share basis. How many employees does Carpenter Technology have? The company employs 4,100 workers across the globe. How can I contact Carpenter Technology? 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. This page (NYSE:CRS) was last updated on 2/7/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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