Brokerages predict that Carpenter Technology Co. (NYSE:CRS) will report $0.86 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Carpenter Technology’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.80. Carpenter Technology reported earnings per share of $0.76 during the same quarter last year, which would indicate a positive year over year growth rate of 13.2%. The firm is scheduled to issue its next quarterly earnings report on Thursday, January 30th.
On average, analysts expect that Carpenter Technology will report full year earnings of $3.92 per share for the current year, with EPS estimates ranging from $3.65 to $4.05. For the next fiscal year, analysts anticipate that the company will post earnings of $4.33 per share, with EPS estimates ranging from $4.00 to $4.66. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Carpenter Technology.
Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.04). Carpenter Technology had a return on equity of 10.81% and a net margin of 7.38%. The firm had revenue of $585.40 million during the quarter, compared to the consensus estimate of $604.78 million. During the same period last year, the business earned $0.65 EPS. Carpenter Technology’s revenue was up 2.3% on a year-over-year basis.
In other news, Director Gregory A. Pratt sold 17,528 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $52.31, for a total transaction of $916,889.68. Following the sale, the director now owns 22,141 shares in the company, valued at approximately $1,158,195.71. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven E. Karol sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the director now directly owns 230,543 shares in the company, valued at $12,679,865. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,056 shares of company stock valued at $2,073,548. 3.90% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Arizona State Retirement System lifted its holdings in shares of Carpenter Technology by 1.1% during the second quarter. Arizona State Retirement System now owns 34,391 shares of the basic materials company’s stock valued at $1,650,000 after purchasing an additional 369 shares during the last quarter. SG Americas Securities LLC increased its position in Carpenter Technology by 316.5% during the 2nd quarter. SG Americas Securities LLC now owns 14,962 shares of the basic materials company’s stock valued at $718,000 after buying an additional 11,370 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Carpenter Technology by 45.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,771 shares of the basic materials company’s stock valued at $517,000 after buying an additional 3,383 shares in the last quarter. Fisher Asset Management LLC raised its stake in Carpenter Technology by 1.6% during the second quarter. Fisher Asset Management LLC now owns 375,574 shares of the basic materials company’s stock valued at $18,020,000 after buying an additional 5,959 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in Carpenter Technology during the second quarter valued at $2,034,000. 92.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE CRS traded up $0.76 during trading hours on Friday, hitting $53.57. The company’s stock had a trading volume of 219,842 shares, compared to its average volume of 152,955. Carpenter Technology has a 12 month low of $32.77 and a 12 month high of $56.33. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 15.48 and a beta of 2.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 2.81. The business has a 50-day simple moving average of $51.87 and a 200-day simple moving average of $48.51.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Tuesday, October 22nd were given a $0.20 dividend. The ex-dividend date was Monday, October 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.49%. Carpenter Technology’s dividend payout ratio is 23.12%.
Carpenter Technology Company Profile
Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company operates through two segments, Specialty Alloys Operations and Performance Engineered Products. It offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools; and metal powders and parts.
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