News stories about Carpenter Technology Corporation (NYSE:CRS) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Carpenter Technology Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 46.0266796688187 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Director of Carpenter Technology Corporatio (NYSE:CRS), Karol Steven E, sells 2,645 shares worth $107,123 (empowerednews.net)
- Steven E. Karol Sells 2,645 Shares of Carpenter Technology Corporation (CRS) Stock (americanbankingnews.com)
- Carpenter Technology Shows Rising Relative Price Performance; Still Shy Of Key Benchmark (finance.yahoo.com)
- Insider Selling: Carpenter Technology Corporation (CRS) Director Sells 8,000 Shares of Stock (americanbankingnews.com)
Carpenter Technology Corporation (CRS) traded up 1.85% during trading on Monday, reaching $39.65. 66,722 shares of the company’s stock were exchanged. Carpenter Technology Corporation has a 52 week low of $30.37 and a 52 week high of $45.33. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 40.05 and a beta of 2.09. The stock has a 50-day moving average price of $39.31 and a 200 day moving average price of $37.87.
Carpenter Technology Corporation (NYSE:CRS) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $507.70 million for the quarter, compared to analyst estimates of $502.40 million. Carpenter Technology Corporation had a net margin of 2.61% and a return on equity of 4.48%. Carpenter Technology Corporation’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. Equities research analysts forecast that Carpenter Technology Corporation will post $2.17 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Tuesday, August 22nd were given a dividend of $0.18 per share. The ex-dividend date was Friday, August 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. Carpenter Technology Corporation’s payout ratio is currently 72.00%.
CRS has been the subject of several analyst reports. Longbow Research boosted their target price on shares of Carpenter Technology Corporation from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, July 28th. TheStreet upgraded shares of Carpenter Technology Corporation from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Zacks Investment Research cut shares of Carpenter Technology Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Cowen and Company reiterated a “hold” rating and issued a $37.00 target price on shares of Carpenter Technology Corporation in a research note on Monday, July 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Carpenter Technology Corporation presently has a consensus rating of “Buy” and an average price target of $43.50.
In other Carpenter Technology Corporation news, Director Steven E. Karol sold 3,877 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $40.18, for a total transaction of $155,777.86. Following the sale, the director now directly owns 230,418 shares in the company, valued at approximately $9,258,195.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey Wadsworth sold 4,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $40.25, for a total transaction of $161,000.00. Following the sale, the director now owns 4,200 shares in the company, valued at $169,050. The disclosure for this sale can be found here. Insiders have sold a total of 26,522 shares of company stock worth $1,065,580 over the last 90 days. Insiders own 3.60% of the company’s stock.
About Carpenter Technology Corporation
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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