Carpenter Technology (CRS) to Release Earnings on Thursday

Carpenter Technology (NYSE:CRSGet Free Report) will likely be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $1.57 per share and revenue of $728,294.46 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Carpenter Technology Stock Down 5.4 %

Shares of NYSE CRS opened at $199.28 on Tuesday. The stock has a market capitalization of $9.93 billion, a PE ratio of 44.38, a P/E/G ratio of 0.98 and a beta of 1.55. The company has a quick ratio of 2.00, a current ratio of 3.84 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average of $186.51 and a 200-day moving average of $161.91. Carpenter Technology has a 52-week low of $58.87 and a 52-week high of $213.65.

Carpenter Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, February 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Tuesday, January 28th. Carpenter Technology’s dividend payout ratio (DPR) is presently 17.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price objective on Carpenter Technology from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday. Benchmark restated a “buy” rating and issued a $175.00 price target on shares of Carpenter Technology in a report on Friday, October 25th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $155.50.

View Our Latest Analysis on CRS

About Carpenter Technology

(Get Free Report)

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.

See Also

Earnings History for Carpenter Technology (NYSE:CRS)

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