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 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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our CRS earnings forecast.

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.

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.

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.

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 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.
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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 $49.64.

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.

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.