Carpenter Technology (NYSE:CRS – Get Free Report) announced its quarterly earnings results on Thursday. The basic materials company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.16, Briefing.com reports. The business had revenue of $717.60 million for the quarter, compared to the consensus estimate of $742.96 million. Carpenter Technology had a net margin of 6.76% and a return on equity of 15.81%. Carpenter Technology’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS.
Carpenter Technology Stock Up 0.7 %
Shares of CRS traded up $1.10 during mid-day trading on Friday, hitting $155.47. 893,850 shares of the company’s stock were exchanged, compared to its average volume of 587,593. The company has a market cap of $7.71 billion, a PE ratio of 59.10, a P/E/G ratio of 0.83 and a beta of 1.45. Carpenter Technology has a 52 week low of $58.87 and a 52 week high of $166.51. The company has a 50-day simple moving average of $150.28 and a 200 day simple moving average of $123.19. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.41 and a quick ratio of 1.84.
Carpenter Technology Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Carpenter Technology’s dividend payout ratio is currently 30.42%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on CRS
About Carpenter Technology
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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