Carpenter Technology (CRS) to Release Quarterly Earnings on Thursday

Carpenter Technology (NYSE:CRS) is expected to 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

Carpenter Technology Stock Performance

Shares of CRS stock opened at $199.28 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.84 and a quick ratio of 2.00. The company’s fifty day moving average price is $186.51 and its two-hundred day moving average price is $161.91. The firm has a market capitalization of $9.93 billion, a P/E ratio of 44.38, a P/E/G ratio of 0.98 and a beta of 1.55. Carpenter Technology has a 12 month low of $58.87 and a 12 month high of $213.65.

Carpenter Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 dividend yield of 0.40%. The ex-dividend date is Tuesday, January 28th. Carpenter Technology’s payout ratio is 17.82%.

Analyst Ratings Changes

CRS has been the subject of a number of recent analyst reports. Benchmark restated a “buy” rating and set a $175.00 price objective on shares of Carpenter Technology in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price target on shares of Carpenter Technology from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $155.50.

Carpenter Technology Company Profile

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.