Carpenter Technology Corporation (NYSE:CRS) Shareholders to Collect $0.20 Quarterly Dividend

Carpenter Technology Corporation (NYSE:CRS) declared a quarterly dividend on Friday, October 9th. Investors of record on Tuesday, October 20th will be given a dividend of $0.20 per share by the basic materials company on Thursday, December 3rd. This represents a $0.80 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, October 20th.

Carpenter Technology has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Carpenter Technology to earn $15.71 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 5.1%.

Carpenter Technology Stock Down 0.1%

Carpenter Technology stock opened at $386.55 on Friday. The company has a current ratio of 3.81, a quick ratio of 2.23 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $19.16 billion, a P/E ratio of 36.74, a P/E/G ratio of 1.37 and a beta of 1.29. The stock’s fifty day simple moving average is $461.66 and its 200-day simple moving average is $480.89. Carpenter Technology has a twelve month low of $233.77 and a twelve month high of $625.98.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.14. The company had revenue of $679.70 million for the quarter, compared to analysts’ expectations of $863.33 million. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%. Carpenter Technology’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm earned $2.21 earnings per share. As a group, equities analysts expect that Carpenter Technology will post 13.28 earnings per share for the current fiscal year.

Key Headlines Impacting Carpenter Technology

Here are the key news stories impacting Carpenter Technology this week:

• Positive Sentiment: Zacks upgraded CRS to a Buy: The upgrade reflects growing optimism about Carpenter Technology’s earnings prospects and could support the stock if improving fundamentals materialize. What Makes Carpenter CRS a New Buy Stock
• Positive Sentiment: TD Cowen maintained a Buy rating: Although it lowered its price target from $650 to $500, the revised target still implies substantial upside from the recently cited share price, signaling continued confidence in CRS’s long-term prospects. TD Cowen price target update
• Neutral Sentiment: Quarterly dividend maintained: Carpenter Technology declared a $0.20-per-share dividend payable December 3, 2026, to shareholders of record October 20. The annualized payout is $0.80 per share, but the approximately 0.2% yield is unlikely to be a major stock catalyst. Carpenter Technology Declares Quarterly Cash Dividend
• Negative Sentiment: Additional analyst target cut: KeyBanc lowered its price target for CRS to $465, reinforcing concerns about near-term valuation or industry conditions despite the stock’s longer-term support from Buy ratings. KeyBanc cuts target for Carpenter Technology

Carpenter Technology Company Profile

Carpenter Technology Corporation is a manufacturer of specialty metals and engineered products for applications that require high performance, durability, and resistance to extreme conditions. Founded in 1889, the company produces stainless steels, nickel- and cobalt-based alloys, titanium alloys, and other specialty materials.

Its product offerings include specialty wire, rod, bar, strip, billet, and powder, as well as precision-engineered components and additive-manufacturing materials.