Carpenter Technology (CRS) to Release Earnings on Wednesday

Posted by Casey Walker on Apr 24th, 2024

Carpenter Technology (NYSE:CRS – Get Free Report) is scheduled to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Carpenter Technology to post earnings of $0.95 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Carpenter Technology (NYSE:CRS – Get Free Report) last announced its earnings results on Thursday, January 25th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. The business had revenue of $624.20 million for the quarter, compared to analyst estimates of $669.56 million. Carpenter Technology had a net margin of 5.27% and a return on equity of 10.21%. On average, analysts expect Carpenter Technology to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Carpenter Technology Stock Performance

CRS opened at $80.52 on Wednesday. The firm has a market capitalization of $3.98 billion, a PE ratio of 27.86 and a beta of 1.56. Carpenter Technology has a twelve month low of $44.40 and a twelve month high of $82.16. The firm’s 50-day moving average price is $70.13 and its 200 day moving average price is $67.81. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47.

Carpenter Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Tuesday, April 23rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, April 22nd. This is a positive change from Carpenter Technology’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 0.99%. Carpenter Technology’s payout ratio is presently 27.68%.

About Carpenter Technology

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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.