Wall Street brokerages expect that Carpenter Technology Co. (NYSE:CRS) will post earnings of $0.58 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Carpenter Technology’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.60. Carpenter Technology posted earnings of $0.44 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 31.8%. The business is expected to announce its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Carpenter Technology will report full year earnings of $2.32 per share for the current financial year, with EPS estimates ranging from $2.10 to $2.46. For the next year, analysts anticipate that the firm will post earnings of $3.29 per share, with EPS estimates ranging from $2.95 to $3.74. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Carpenter Technology.
Carpenter Technology (NYSE:CRS) last posted its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. The firm had revenue of $487.80 million during the quarter, compared to analyst estimates of $482.20 million. Carpenter Technology had a return on equity of 7.94% and a net margin of 8.30%. Carpenter Technology’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS.
Several equities research analysts have recently commented on CRS shares. Zacks Investment Research lowered Carpenter Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Cowen restated a “hold” rating and issued a $53.00 price objective on shares of Carpenter Technology in a research note on Sunday, December 10th. Finally, KeyCorp restated a “hold” rating on shares of Carpenter Technology in a research note on Thursday, November 16th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Carpenter Technology has a consensus rating of “Hold” and a consensus price target of $52.25.
Shares of Carpenter Technology (CRS) opened at $52.30 on Friday. The company has a quick ratio of 1.00, a current ratio of 2.99 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $2,426.99, a price-to-earnings ratio of 25.11 and a beta of 1.96. Carpenter Technology has a 12 month low of $34.24 and a 12 month high of $54.61.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, February 6th were paid a $0.18 dividend. The ex-dividend date was Monday, February 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.38%. Carpenter Technology’s dividend payout ratio (DPR) is 21.24%.
Several large investors have recently bought and sold shares of the company. Huntington National Bank boosted its holdings in Carpenter Technology by 1,902.0% in the 4th quarter. Huntington National Bank now owns 2,002 shares of the basic materials company’s stock worth $102,000 after buying an additional 1,902 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in Carpenter Technology in the 4th quarter worth $103,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Carpenter Technology by 90.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,225 shares of the basic materials company’s stock worth $154,000 after buying an additional 1,529 shares during the period. ETRADE Capital Management LLC bought a new position in Carpenter Technology in the 4th quarter worth $202,000. Finally, Turner Investments LLC bought a new position in Carpenter Technology in the 3rd quarter worth $192,000. Hedge funds and other institutional investors own 98.26% of the company’s stock.
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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.
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