Carpenter Technology (CRS) Expected to Announce Quarterly Earnings on Thursday

Carpenter Technology (NYSE:CRS) is projected to issue its quarterly earnings data 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Carpenter Technology (NYSE:CRS) last announced its earnings results on Thursday, October 24th. The basic materials company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.15. Carpenter Technology had a return on equity of 18.01% and a net margin of 8.05%. The business had revenue of $717.60 million during the quarter, compared to the consensus estimate of $742.96 million. During the same period in the prior year, the company posted $0.88 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts expect Carpenter Technology to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Carpenter Technology Price Performance

Carpenter Technology stock opened at $207.37 on Thursday. The company’s fifty day moving average price is $184.60 and its 200 day moving average price is $159.44. Carpenter Technology has a 1 year low of $58.87 and a 1 year high of $213.40. The stock has a market capitalization of $10.34 billion, a P/E ratio of 46.18, a P/E/G ratio of 0.98 and a beta of 1.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.00 and a current ratio of 3.84.

Carpenter Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, February 28th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.39%. The ex-dividend date is Tuesday, January 28th. Carpenter Technology’s payout ratio is 17.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CRS shares. JPMorgan Chase & Co. started coverage on shares of Carpenter Technology in a report on Friday, November 22nd. They set an “overweight” rating and a $220.00 target price for the company. Benchmark restated a “buy” rating and set a $175.00 price target on shares of Carpenter Technology in a report on Friday, October 25th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.00.

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.