Media stories about Carpenter Technology Corporation (NYSE:CRS) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing 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 Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 46.1488330674538 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Contrasting Nucor Corporation (NUE) & Carpenter Technology Corporation (CRS) (americanbankingnews.com)
- Carpenter Technology Corp. :CRS-US: Earnings Analysis: 2017 By the Numbers : August 15, 2017 (finance.yahoo.com)
- Carpenter Technology Corp. breached its 50 day moving average in a Bearish Manner : CRS-US : August 14, 2017 (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Carpenter Technology Corp. (finance.yahoo.com)
- IHS Markit Score Update: Rise in demand for ETFs holding Carpenter Technology Corp is a positive for its shares (finance.yahoo.com)
A number of research firms have recently commented on CRS. Zacks Investment Research lowered Carpenter Technology Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. TheStreet raised Carpenter Technology Corporation from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Longbow Research raised their price target on Carpenter Technology Corporation from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $37.00 price target on shares of Carpenter Technology Corporation in a research report on Monday, July 17th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $43.50.
Carpenter Technology Corporation (NYSE:CRS) traded up 0.96% during midday trading on Friday, hitting $37.81. The stock had a trading volume of 135,298 shares. Carpenter Technology Corporation has a 52 week low of $30.37 and a 52 week high of $45.33. The company’s 50 day moving average price is $38.48 and its 200-day moving average price is $38.09. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 38.19 and a beta of 2.08.
Carpenter Technology Corporation (NYSE:CRS) last announced its earnings results on Thursday, July 27th. The basic materials company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. Carpenter Technology Corporation had a return on equity of 4.48% and a net margin of 2.61%. The company had revenue of $507.70 million for the quarter, compared to analyst estimates of $502.40 million. During the same quarter in the prior year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities analysts anticipate that Carpenter Technology Corporation will post $2.16 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Tuesday, August 22nd will be given a dividend of $0.18 per share. The ex-dividend date is Friday, August 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.91%. Carpenter Technology Corporation’s payout ratio is 72.00%.
In related news, Director Steven E. Karol sold 3,877 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $40.18, for a total transaction of $155,777.86. Following the sale, the director now owns 230,418 shares in the company, valued at approximately $9,258,195.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have purchased 294,000 shares of company stock worth $21,490. 3.60% of the stock is owned by corporate insiders.
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Carpenter Technology Corporation 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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