Media stories about Carpenter Technology (NYSE:CRS) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Carpenter Technology earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 45.7108636323777 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
CRS has been the subject of several recent analyst reports. Zacks Investment Research cut Carpenter Technology from a “hold” rating to a “sell” rating in a research note on Monday, January 1st. Cowen reissued a “hold” rating and issued a $53.00 price target on shares of Carpenter Technology in a research note on Sunday, December 10th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Carpenter Technology presently has an average rating of “Hold” and a consensus target price of $54.67.
Shares of Carpenter Technology stock opened at $45.59 on Friday. The company has a quick ratio of 1.00, a current ratio of 2.99 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2,056.35, a PE ratio of 42.21 and a beta of 2.02. Carpenter Technology has a fifty-two week low of $34.24 and a fifty-two week high of $54.61.
Carpenter Technology (NYSE:CRS) last announced its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The business had revenue of $487.80 million during the quarter, compared to analyst estimates of $482.20 million. Carpenter Technology had a return on equity of 7.94% and a net margin of 8.30%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. equities analysts anticipate that Carpenter Technology will post 2.32 earnings per share for the current fiscal year.
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Carpenter Technology Company Profile
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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