Carpenter Technology (NYSE:CRS) Earns Daily News Sentiment Rating of 0.22

Headlines about Carpenter Technology (NYSE:CRS) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. 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 earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 46.9424257523671 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the media stories that may have effected Accern’s analysis:

A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of Carpenter Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Cowen restated a “hold” rating and issued a $53.00 price objective on shares of Carpenter Technology in a research report on Sunday, December 10th. Finally, KeyCorp restated a “hold” rating on shares of Carpenter Technology in a research report on Thursday, November 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $52.25.

Carpenter Technology (CRS) opened at $48.69 on Tuesday. Carpenter Technology has a 52-week low of $34.24 and a 52-week high of $54.61. The stock has a market cap of $2,229.94, a PE ratio of 23.07 and a beta of 2.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.99 and a quick ratio of 1.00.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Carpenter Technology had a net margin of 8.30% and a return on equity of 7.94%. The company had revenue of $487.80 million for the quarter, compared to analysts’ expectations of $482.20 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. Carpenter Technology’s quarterly revenue was up 14.1% on a year-over-year basis. equities research analysts expect that Carpenter Technology will post 2.41 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, February 5th. Carpenter Technology’s dividend payout ratio is currently 21.24%.

In related news, COO Joseph E. Haniford sold 11,448 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $49.09, for a total transaction of $561,982.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.51% of the stock is owned by insiders.

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Carpenter Technology 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.

Insider Buying and Selling by Quarter for Carpenter Technology (NYSE:CRS)

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