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NYSE:CRS

Carpenter Technology - CRS Stock Forecast, Price & News

$40.06
+0.35 (+0.88%)
(As of 11/29/2022 12:00 AM ET)
Add
Compare
Today's Range
$39.97
$40.33
50-Day Range
$31.14
$41.57
52-Week Range
$24.76
$44.96
Volume
166,381 shs
Average Volume
205,523 shs
Market Capitalization
$1.94 billion
P/E Ratio
N/A
Dividend Yield
2.01%
Price Target
$47.75

Carpenter Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
19.2% Upside
$47.75 Price Target
Short Interest
Healthy
3.15% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.21
Upright™ Environmental Score
News Sentiment
0.08mentions of Carpenter Technology in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
100.00%
From $1.15 to $2.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

Basic Materials Sector

97th out of 168 stocks

Blast Furnaces & Steel Mills Industry

8th out of 14 stocks

CRS stock logo

About Carpenter Technology (NYSE:CRS) Stock

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts. It serves aerospace, defense, medical, transportation, energy, industrial, and consumer markets. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.

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CRS Stock News Headlines

StockNews.com Downgrades Carpenter Technology (NYSE:CRS) to Sell
CRS Carpenter Technology Corporation
Carpenter Technology Reports Q1 Net Loss Narrows
Carpenter (CRS) Moves 8.8% Higher: Will This Strength Last?
3 Stocks With Upgraded Broker Ratings for Robust Returns
How To Trade Carpenter Technology CRS
Carpenter Technology Swings To Profit In Q4, Beats Estimates
See More Headlines
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CRS Company Calendar

Ex-Dividend for 9/1 Dividend
8/22/2022
Dividend Payable
9/01/2022
Ex-Dividend for 12/1 Dividend
10/24/2022
Last Earnings
10/27/2022
Today
11/30/2022
Dividend Payable
12/01/2022
Next Earnings (Estimated)
2/01/2023
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
14428510
Employees
4,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$47.75
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+19.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-49,100,000.00
Pretax Margin
-2.32%

Debt

Sales & Book Value

Annual Sales
$1.84 billion
Cash Flow
$1.67 per share
Book Value
$26.98 per share

Miscellaneous

Free Float
46,749,000
Market Cap
$1.94 billion
Optionable
Optionable
Beta
1.69

Key Executives

  • Mr. Tony R. Thene (Age 62)
    Pres, CEO & Director
    Comp: $1.53M
  • Mr. Timothy Lain (Age 50)
    Sr. VP & CFO
    Comp: $724.69k
  • Mr. James D. Dee (Age 64)
    Sr. VP, Gen. Counsel, Sec., Chief Governance Officer & Chief Compliance Officer
    Comp: $628.17k
  • Mr. Brian J. Malloy
    Sr. VP and Group Pres of Specialty Alloys Operations
  • Mr. David Graf
    VP & Group Pres of Performance Engineered Products
  • Ms. Elizabeth A. Socci
    VP, Controller & Chief Accounting Officer
  • Dr. Suniti Moudgil
    Chief Technology Officer
  • Ms. Rachelle H. Thompson
    VP & Chief HR Officer
  • Mr. Joseph E. Haniford (Age 63)
    Sr. VP of Continuous Improvement
  • Mr. Shakthimani Logasundaram
    Chief Digital Officer













CRS Stock - Frequently Asked Questions

Should I buy or sell Carpenter Technology stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last twelve months. There are currently 4 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?

4 equities research analysts have issued twelve-month price targets for Carpenter Technology's shares. Their CRS share price forecasts range from $45.00 to $53.00. On average, they predict the company's share price to reach $47.75 in the next year. This suggests a possible upside of 19.2% 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 2022?

Carpenter Technology's stock was trading at $29.19 at the beginning of 2022. Since then, CRS stock has increased by 37.2% and is now trading at $40.06.
View the best growth stocks for 2022 here
.

Are investors shorting Carpenter Technology?

Carpenter Technology saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 1,490,000 shares, a decrease of 6.9% from the October 31st total of 1,600,000 shares. Based on an average daily volume of 256,600 shares, the days-to-cover ratio is currently 5.8 days. Approximately 3.2% of the company's stock are short sold.
View Carpenter Technology's Short Interest
.

When is Carpenter Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 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, October, 27th. The basic materials company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). The basic materials company had revenue of $522.90 million for the quarter, compared to analysts' expectations of $558 million. Carpenter Technology had a negative net margin of 2.09% and a negative trailing twelve-month return on equity of 3.35%.

How often does Carpenter Technology pay dividends? What is the dividend yield for Carpenter Technology?

Carpenter Technology declared a quarterly dividend on Thursday, October 13th. Shareholders of record on Tuesday, October 25th will be given a dividend of $0.20 per share on Thursday, December 1st. This represents a $0.80 annualized dividend and a yield of 2.00%. The ex-dividend date is Monday, October 24th.
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 2.01%.
Read our dividend analysis for CRS.

What guidance has Carpenter Technology issued on next quarter's earnings?

Carpenter Technology issued an update on its first quarter 2023 earnings guidance on Thursday, October, 27th. The company provided earnings per share (EPS) guidance of -$0.16--$0.14 for the period, compared to the consensus estimate of -$0.01. The company issued revenue guidance of -.

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (16.23%), Vanguard Group Inc. (11.65%), Dimensional Fund Advisors LP (7.11%), State Street Corp (5.72%), Frontier Capital Management Co. LLC (3.30%) and Thrivent Financial for Lutherans (3.22%). Insiders that own company stock include Brian J Malloy, Gregory A Pratt, 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 $40.06.

How much money does Carpenter Technology make?

Carpenter Technology (NYSE:CRS) has a market capitalization of $1.94 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 ($0.86) 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 11/30/2022 by MarketBeat.com Staff