Carpenter Technology (CRS) to Release Earnings on Wednesday

Carpenter Technology (NYSE:CRS) will issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings results on Thursday, January 25th. The basic materials company reported $0.85 EPS for the quarter, hitting the consensus estimate of $0.85. Carpenter Technology had a net margin of 5.27% and a return on equity of 10.21%. The firm had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $669.56 million. 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 Price Performance

Shares of Carpenter Technology stock opened at $80.52 on Wednesday. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $70.13 and its two-hundred day moving average price is $67.81. Carpenter Technology has a 52 week low of $44.40 and a 52 week high of $82.16. The stock has a market cap of $3.98 billion, a PE ratio of 27.86 and a beta of 1.56.

Carpenter Technology Increases Dividend

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

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.