Media stories about Carpenter Technology Corporation (NYSE:CRS) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Carpenter Technology Corporation earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 45.8864825325899 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Critical Survey: Carpenter Technology Corporation (CRS) versus The Competition (americanbankingnews.com)
- Carpenter Technology Corporation (CRS) and Gibraltar Industries (ROCK) Head-To-Head Analysis (americanbankingnews.com)
- See How Carpenter Technology Ranks Among Analysts’ Top Metals Picks (thestreet.com)
- $0.43 Earnings Per Share Expected for Carpenter Technology Corporation (CRS) This Quarter (americanbankingnews.com)
- Critical Analysis: Mechel PAO (MTL) and Carpenter Technology Corporation (CRS) (americanbankingnews.com)
Carpenter Technology Corporation (CRS) traded up 2.04% on Friday, reaching $41.42. The company’s stock had a trading volume of 636,399 shares. Carpenter Technology Corporation has a 52-week low of $30.37 and a 52-week high of $45.34. The company has a market cap of $1.94 billion, a P/E ratio of 41.84 and a beta of 2.09. The firm’s 50-day moving average price is $39.57 and its 200 day moving average price is $37.84.
Carpenter Technology Corporation (NYSE:CRS) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.50 by $0.08. The firm had revenue of $507.70 million during the quarter, compared to the consensus estimate of $502.40 million. Carpenter Technology Corporation had a return on equity of 4.48% and a net margin of 2.61%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. Equities analysts anticipate that Carpenter Technology Corporation will post $2.17 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Tuesday, August 22nd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, August 18th. Carpenter Technology Corporation’s dividend payout ratio is presently 72.00%.
CRS has been the subject of a number of analyst reports. Zacks Investment Research downgraded Carpenter Technology Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. TheStreet upgraded Carpenter Technology Corporation from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Longbow Research raised their price target on Carpenter Technology Corporation from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Cowen and Company restated a “hold” rating and issued a $37.00 price target on shares of Carpenter Technology Corporation in a research note on Monday, July 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Carpenter Technology Corporation currently has a consensus rating of “Buy” and an average price target of $43.50.
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In other news, Director I Martin Inglis sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $39.77, for a total value of $318,160.00. Following the completion of the transaction, the director now directly owns 11,200 shares of the company’s stock, valued at $445,424. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven E. Karol sold 2,645 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $40.50, for a total value of $107,122.50. Following the completion of the transaction, the director now directly owns 230,418 shares of the company’s stock, valued at $9,331,929. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,522 shares of company stock valued at $1,065,580. 3.60% of the stock is currently owned by corporate insiders.
Carpenter Technology Corporation Company Profile
Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company’s segments include Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). Its SAO segment consists of alloy and stainless steel manufacturing operations.
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