Carpenter Technology (CRS) Expected to Announce Quarterly Earnings on Thursday

Carpenter Technology (NYSE:CRS) is projected to announce 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings data on Thursday, October 24th. The basic materials company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.58 by $0.15. The business had revenue of $717.60 million during the quarter, compared to analyst estimates of $742.96 million. Carpenter Technology had a net margin of 8.05% and a return on equity of 18.01%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 earnings per share. On average, analysts expect Carpenter Technology to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Carpenter Technology Trading Down 1.8 %

Shares of CRS stock opened at $207.37 on Thursday. The stock has a market capitalization of $10.34 billion, a P/E ratio of 46.18, a price-to-earnings-growth ratio of 0.98 and a beta of 1.55. Carpenter Technology has a fifty-two week low of $58.87 and a fifty-two week high of $213.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.00 and a current ratio of 3.84. The company has a 50 day moving average price of $184.60 and a 200 day moving average price of $159.44.

Carpenter Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, February 28th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, January 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.39%. Carpenter Technology’s dividend payout ratio (DPR) is 17.82%.

Analyst Ratings Changes

Several research analysts recently commented on the company. JPMorgan Chase & Co. initiated coverage on Carpenter Technology in a research note on Friday, November 22nd. They set an “overweight” rating and a $220.00 target price for the company. Benchmark reissued a “buy” rating and set a $175.00 price objective on shares of Carpenter Technology in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $153.00.

About Carpenter Technology

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.