Carpenter Technology (NYSE:CRS) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.83 per share for the quarter.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings data on Thursday, January 31st. The basic materials company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.10. The company had revenue of $556.50 million during the quarter, compared to the consensus estimate of $570.66 million. Carpenter Technology had a net margin of 6.04% and a return on equity of 9.49%. During the same quarter in the prior year, the firm earned $0.55 EPS. On average, analysts expect Carpenter Technology to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

CRS stock opened at $50.28 on Monday. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 20.11 and a beta of 2.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.53 and a quick ratio of 0.84. Carpenter Technology has a 12 month low of $32.77 and a 12 month high of $61.49.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Tuesday, April 30th will be issued a $0.20 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.80 dividend on an annualized basis and a yield of 1.59%. Carpenter Technology’s payout ratio is 32.00%.

CRS has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Carpenter Technology from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Cowen restated a “buy” rating and set a $53.00 price target on shares of Carpenter Technology in a report on Thursday, January 31st. Finally, ValuEngine upgraded shares of Carpenter Technology from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Carpenter Technology has an average rating of “Buy” and an average price target of $53.50.

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Carpenter Technology Company Profile

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company operates through two segments, Specialty Alloys Operations and Performance Engineered Products. It offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools; and metal powders and parts.

Further Reading: Earnings Per Share

Earnings History for Carpenter Technology (NYSE:CRS)

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