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 declared a quarterly dividend on Tuesday, October 8th. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.20 per share on Thursday, December 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, October 21st. View Carpenter Technology's Dividend History.

Carpenter Technology Co. (NYSE:CRS) posted its earnings results on Thursday, October, 24th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by $0.04. The basic materials company earned $585.40 million during the quarter, compared to analysts' expectations of $604.78 million. Carpenter Technology had a return on equity of 10.81% and a net margin of 7.38%. The company's revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $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.

3 analysts have issued twelve-month target prices for Carpenter Technology's shares. Their forecasts range from $53.00 to $59.00. On average, they expect Carpenter Technology's stock price to reach $56.00 in the next year. This suggests a possible upside of 32.3% 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.

News articles about CRS stock have trended somewhat negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Carpenter Technology earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned news headlines about the basic materials company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Carpenter Technology.

Carpenter Technology saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,290,000 shares, a decrease 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 presently 5.2 days. Currently, 2.8% of the company's stock are short sold. 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), Biogen (BIIB), AbbVie (ABBV), AT&T (T) and Adobe (ADBE).

Carpenter Technology's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Tributary Capital Management LLC (0.70%), Scout Investments Inc. (0.12%), First National Bank of Omaha (0.04%), State of Alaska Department of Revenue (0.02%), OLD National Bancorp IN (0.02%) and Sciencast Management LP (0.01%). 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 purchased by a variety of institutional investors in the last quarter, including Sciencast Management LP 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 $42.33.

Carpenter Technology has a market capitalization of $2.02 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]p.com.