Carpenter Technology Corp. Announces Quarterly Dividend of $0.18 (CRS)
Carpenter Technology Corp. (NYSE:CRS) announced a quarterly dividend on Thursday, May 1st, AR Network reports. Stockholders of record on Tuesday, May 13th will be given a dividend of 0.18 per share on Thursday, June 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, May 9th.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Carpenter Technology Corp. from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 24th. They now have a $64.70 price target on the stock.
Carpenter Technology Corp. (NYSE:CRS) traded up 0.62% during mid-day trading on Thursday, hitting $63.19. The stock had a trading volume of 231,984 shares. Carpenter Technology Corp. has a 52-week low of $43.74 and a 52-week high of $67.00. The stock’s 50-day moving average is $63.71 and its 200-day moving average is $61.06. The company has a market cap of $3.353 billion and a price-to-earnings ratio of 24.38.
Carpenter Technology Corp. (NYSE:CRS) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.01. The company had revenue of $566.30 million for the quarter, compared to the consensus estimate of $563.04 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, analysts predict that Carpenter Technology Corp. will post $2.57 earnings per share for the current fiscal year.
Carpenter Technology Corporation (NYSE:CRS), is engaged in the manufacturing, fabrication and distribution of specialty metals.
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