Carpenter Technology (CRS) Earns Daily Coverage Optimism Rating of 0.20

Media headlines about Carpenter Technology (NYSE:CRS) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Carpenter Technology earned a news impact score of 0.20 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 47.20309438682 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Several equities research analysts have commented on CRS shares. Cowen upped their price objective on Carpenter Technology from $37.00 to $53.00 in a research report on Thursday, October 26th. Zacks Investment Research lowered Carpenter Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, KeyCorp reiterated a “hold” rating on shares of Carpenter Technology in a research report on Thursday, November 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.25.

Carpenter Technology (CRS) traded up $0.64 during midday trading on Friday, reaching $52.34. The company had a trading volume of 713,839 shares, compared to its average volume of 510,483. Carpenter Technology has a 1 year low of $34.24 and a 1 year high of $54.61. The company has a current ratio of 2.99, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41. The firm has a market cap of $2,455.58, a P/E ratio of 25.41 and a beta of 2.05.

Carpenter Technology (NYSE:CRS) last issued its earnings results on Thursday, February 1st. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Carpenter Technology had a return on equity of 7.94% and a net margin of 8.30%. The business had revenue of $487.80 million during the quarter, compared to the consensus estimate of $482.20 million. During the same period last year, the company earned $0.15 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. research analysts predict that Carpenter Technology will post 2.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Monday, February 5th. Carpenter Technology’s dividend payout ratio is presently 21.24%.

In other news, COO Joseph E. Haniford sold 11,448 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $49.09, for a total transaction of $561,982.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.51% 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.

Insider Buying and Selling by Quarter for Carpenter Technology (NYSE:CRS)

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