Carpenter Technology Corporation (NYSE:CRS) – Stock analysts at KeyCorp issued their Q1 2018 earnings per share estimates for Carpenter Technology Corporation in a report issued on Monday. KeyCorp analyst P. Gibbs expects that the basic materials company will earn $0.49 per share for the quarter. KeyCorp also issued estimates for Carpenter Technology Corporation’s FY2018 earnings at $2.10 EPS and FY2019 earnings at $2.45 EPS.

Carpenter Technology Corporation (NYSE:CRS) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.08. The firm had revenue of $507.70 million during the quarter, compared to analysts’ expectations of $502.40 million. Carpenter Technology Corporation had a return on equity of 4.48% and a net margin of 2.61%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS.

COPYRIGHT VIOLATION NOTICE: “Brokers Offer Predictions for Carpenter Technology Corporation’s Q1 2018 Earnings (CRS)” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.watchlistnews.com/brokers-offer-predictions-for-carpenter-technology-corporations-q1-2018-earnings-crs/1535902.html.

Other equities analysts have also issued reports about the company. Cowen and Company reaffirmed a “hold” rating and issued a $37.00 price target on shares of Carpenter Technology Corporation in a report on Monday, July 17th. Longbow Research raised their price target on Carpenter Technology Corporation from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Zacks Investment Research raised Carpenter Technology Corporation from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Tuesday, July 18th. Finally, TheStreet raised Carpenter Technology Corporation from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $43.50.

Carpenter Technology Corporation (NYSE CRS) opened at 40.53 on Wednesday. The firm has a 50-day moving average price of $39.06 and a 200 day moving average price of $37.94. The firm has a market capitalization of $1.90 billion, a PE ratio of 40.94 and a beta of 2.08. Carpenter Technology Corporation has a one year low of $30.37 and a one year high of $45.33.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Tuesday, August 22nd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, August 18th. Carpenter Technology Corporation’s payout ratio is currently 72.00%.

In other news, Director I Martin Inglis sold 8,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $39.77, for a total value of $318,160.00. Following the completion of the transaction, the director now directly owns 11,200 shares of the company’s stock, valued at $445,424. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey Wadsworth sold 4,000 shares of Carpenter Technology Corporation stock in a transaction on Friday, August 25th. The shares were sold at an average price of $40.25, for a total value of $161,000.00. Following the sale, the director now directly owns 4,200 shares of the company’s stock, valued at approximately $169,050. The disclosure for this sale can be found here. Insiders sold 65,877 shares of company stock valued at $638,438 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

A number of large investors have recently bought and sold shares of CRS. Morningstar Investment Services LLC raised its stake in Carpenter Technology Corporation by 0.4% in the second quarter. Morningstar Investment Services LLC now owns 8,041 shares of the basic materials company’s stock valued at $301,000 after buying an additional 32 shares in the last quarter. Granite Investment Partners LLC raised its stake in Carpenter Technology Corporation by 0.4% in the second quarter. Granite Investment Partners LLC now owns 18,230 shares of the basic materials company’s stock valued at $682,000 after buying an additional 75 shares in the last quarter. Amalgamated Bank raised its stake in Carpenter Technology Corporation by 1.2% in the second quarter. Amalgamated Bank now owns 6,581 shares of the basic materials company’s stock valued at $246,000 after buying an additional 78 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Carpenter Technology Corporation by 1.8% in the first quarter. Public Employees Retirement System of Ohio now owns 5,244 shares of the basic materials company’s stock valued at $196,000 after buying an additional 92 shares in the last quarter. Finally, Elkfork Partners LLC raised its stake in Carpenter Technology Corporation by 3.3% in the first quarter. Elkfork Partners LLC now owns 3,196 shares of the basic materials company’s stock valued at $119,000 after buying an additional 102 shares in the last quarter. 93.54% of the stock is owned by institutional investors.

Carpenter Technology Corporation 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.

Earnings History and Estimates for Carpenter Technology Corporation (NYSE:CRS)

Receive News & Ratings for Carpenter Technology Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carpenter Technology Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.