Carpenter Technology (CRS) Expected to Announce Earnings on Thursday

Carpenter Technology (NYSE:CRS) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Carpenter Technology to post earnings of $1.58 per share and revenue of $723.79 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Carpenter Technology Trading Up 3.4 %

Shares of CRS opened at $206.15 on Wednesday. Carpenter Technology has a 12-month low of $58.87 and a 12-month high of $213.65. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 45.91, a P/E/G ratio of 0.98 and a beta of 1.55. The stock’s 50-day moving average price is $186.94 and its 200 day moving average price is $162.58. The company has a quick ratio of 2.00, a current ratio of 3.84 and a debt-to-equity ratio of 0.42.

Carpenter Technology Dividend Announcement

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 dividend of $0.20 per share. The ex-dividend date is Tuesday, January 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.39%. Carpenter Technology’s dividend payout ratio is currently 17.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Benchmark restated a “buy” rating and issued a $175.00 price objective on shares of Carpenter Technology in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on Carpenter Technology from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat, Carpenter Technology has a consensus rating of “Moderate Buy” and a consensus 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.