Somewhat Positive News Coverage Somewhat Unlikely to Affect Carpenter Technology Corporation (CRS) Stock Price
News articles about Carpenter Technology Corporation (NYSE:CRS) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Carpenter Technology Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.887905116821 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- ETFs with exposure to Carpenter Technology Corp. : October 16, 2017 (finance.yahoo.com)
- Carpenter Technology Corporation (CRS) vs. Its Peers Head to Head Review (americanbankingnews.com)
- Reviewing Carpenter Technology Corporation (CRS) & SunCoke Energy (SXC) (americanbankingnews.com)
- Carpenter Technology Corporation’s (CRS) Hold Rating Reiterated at KeyCorp (americanbankingnews.com)
- Carpenter Technology Corporation (CRS) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
A number of equities analysts have commented on CRS shares. TheStreet upgraded shares of Carpenter Technology Corporation from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Longbow Research boosted their price target on shares of Carpenter Technology Corporation from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Carpenter Technology Corporation from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, July 18th. KeyCorp restated a “hold” rating on shares of Carpenter Technology Corporation in a research report on Wednesday, October 11th. Finally, Cowen and Company restated a “hold” rating and issued a $37.00 price target on shares of Carpenter Technology Corporation in a research report on Monday, July 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $45.50.
Shares of Carpenter Technology Corporation (CRS) traded up 0.36% during trading on Tuesday, hitting $50.10. 25,127 shares of the company’s stock were exchanged. Carpenter Technology Corporation has a 1-year low of $30.37 and a 1-year high of $50.92. The stock’s 50-day moving average price is $44.56 and its 200-day moving average price is $39.35. The stock has a market cap of $2.34 billion, a PE ratio of 50.61 and a beta of 2.09.
Carpenter Technology Corporation (NYSE:CRS) last posted its quarterly earnings results 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. Carpenter Technology Corporation had a net margin of 2.61% and a return on equity of 4.48%. The company had revenue of $507.70 million for the quarter, compared to the consensus estimate of $502.40 million. During the same period last year, the company posted $0.35 EPS. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities analysts expect that Carpenter Technology Corporation will post $2.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Tuesday, October 24th will be paid a $0.18 dividend. The ex-dividend date is Monday, October 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.44%. Carpenter Technology Corporation’s payout ratio is currently 72.00%.
In other news, Director Steven E. Karol sold 3,877 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $40.18, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director I Martin Inglis sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $39.77, for a total transaction of $318,160.00. Following the completion of the sale, the director now owns 11,200 shares in the company, valued at $445,424. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,522 shares of company stock worth $1,065,580. 4.51% of the stock is currently owned by corporate insiders.
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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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