Carpenter Technology (CRS) Expected to Announce Earnings on Thursday

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

Carpenter Technology Price Performance

CRS opened at $206.15 on Wednesday. The company has a current ratio of 3.84, a quick ratio of 2.00 and a debt-to-equity ratio of 0.42. Carpenter Technology has a 1 year low of $58.87 and a 1 year high of $213.65. The stock has a fifty day moving average price of $186.94 and a 200 day moving average price of $162.58. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 45.91, a PEG ratio of 0.98 and a beta of 1.55.

Carpenter Technology Dividend Announcement

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. 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%.

Wall Street Analyst Weigh In

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

About Carpenter Technology

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.