Carpenter Technology Corporation (NYSE:CRS) Declares Quarterly Dividend of $0.20

Carpenter Technology Corporation (NYSE:CRS) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Tuesday, August 25th will be paid a dividend of 0.20 per share by the basic materials company on Thursday, September 3rd. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, August 25th.

Carpenter Technology has a dividend payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Carpenter Technology to earn $15.46 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 5.2%.

Carpenter Technology Price Performance

CRS opened at $528.83 on Thursday. The stock has a 50-day moving average price of $566.95 and a 200-day moving average price of $460.28. Carpenter Technology has a 12-month low of $228.00 and a 12-month high of $625.98. 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 stock has a market capitalization of $26.28 billion, a P/E ratio of 50.27, a PEG ratio of 1.95 and a beta of 1.25.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.23 EPS for the quarter, beating the consensus estimate of $3.09 by $0.14. The firm had revenue of $679.70 million for the quarter, compared to analyst estimates of $863.33 million. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%.The company’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.21 EPS. Equities analysts predict that Carpenter Technology will post 12.92 earnings per share for the current fiscal year.

Carpenter Technology Company Profile

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. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.