Carpenter Technology Corp. (CRS) Announces Dividend of $0.18
Carpenter Technology Corp. (NYSE:CRS) announced a dividend on Wednesday, August 13th, American Banking News reports. Shareholders of record on Tuesday, August 26th will be paid a dividend of 0.18 per share on Friday, September 5th. The ex-dividend date is Friday, August 22nd.
CRS has been the subject of a number of recent research reports. Analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Carpenter Technology Corp. in a research note on Wednesday, July 30th. They now have a $70.00 price target on the stock, down previously from $79.00. Analysts at Zacks downgraded shares of Carpenter Technology Corp. from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 16th. They now have a $58.70 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $67.14.
Shares of Carpenter Technology Corp. (NYSE:CRS) opened at 53.47 on Friday. Carpenter Technology Corp. has a 52-week low of $52.51 and a 52-week high of $67.00. The stock has a 50-day moving average of $58.25 and a 200-day moving average of $61.09. The company has a market cap of $2.855 billion and a P/E ratio of 21.89.
Carpenter Technology Corp. (NYSE:CRS) last announced its earnings results on Tuesday, July 29th. The company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. The company had revenue of $604.60 million for the quarter, compared to the consensus estimate of $618.52 million. During the same quarter last year, the company posted $0.77 earnings per share. Carpenter Technology Corp.’s revenue was down 1.2% compared to the same quarter last year. Analysts expect that Carpenter Technology Corp. will post $3.17 EPS 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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