Carpenter Technology (NYSE:CRS – Get Free Report) released its earnings results on Thursday. The basic materials company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.16, Briefing.com reports. Carpenter Technology had a return on equity of 15.81% and a net margin of 6.76%. The company had revenue of $717.60 million during the quarter, compared to analysts’ expectations of $742.96 million. During the same quarter last year, the business posted $0.88 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year.
Carpenter Technology Trading Up 0.7 %
NYSE CRS opened at $155.47 on Friday. Carpenter Technology has a 12 month low of $58.87 and a 12 month high of $166.51. The company has a current ratio of 3.41, a quick ratio of 1.84 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average price is $150.28 and its 200-day moving average price is $123.49. The stock has a market cap of $7.71 billion, a P/E ratio of 59.11, a P/E/G ratio of 0.83 and a beta of 1.45.
Carpenter Technology Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Tuesday, October 22nd. Carpenter Technology’s payout ratio is 30.42%.
Analyst Ratings Changes
Read Our Latest Research Report on CRS
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.
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