The stock of Carpenter Technology Corp. (NYSE:CRS) last traded at $109.59, up 1.18% from the previous session.
CRS stock price is now 28.18% away from the 50-day moving average and 55.60% away from the 200-day moving average. The market capitalization of the company currently stands at $5.44B.
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On August 25, 2023, Northcoast recently initiated its ‘Buy’ rating on the stock quoting a target price of $73, while ‘Cowen’ rates the stock as ‘Outperform’
In other news, DEE JAMES D, SVP Gen Counsel & Sec sold 23,518 shares of the company’s stock on May 21 ’24. The stock was sold for $2,616,660 at an average price of $111.26. Upon completion of the transaction, the SVP Gen Counsel & Sec now directly owns 84,798 shares in the company, valued at $9.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’24, Director KAROL STEVEN E sold 2,445 shares of the business’s stock. A total of $266,201 was realized by selling the stock at an average price of $108.88. This leaves the insider owning 180,000 shares of the company worth $19.73 million. A total of 4.96% of the company’s stock is owned by insiders.
During the past 12 months, Carpenter Technology Corp. has had a low of $44.40 and a high of $112.32. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 3.20, and a quick ratio of 1.45. According to the stock market information, the enterprise value for the company is $6085570048, which is based on a 41.75 price-to-earnings ratio, a 1.83 price-to-earnings-growth ratio, and a beta of 1.46. The fifty day moving average price for CRS is $86.3938 and a two-hundred day moving average price translates $70.692 for the stock.
The latest earnings results from Carpenter Technology Corp. (NYSE: CRS) was released for 2024-03-31. According to the Metal Fabrication Company, earnings per share came in at 0.78, beating analysts’ expectations of 0.66 by 0.12. This compares to $0.38 EPS in the same period last year. The net profit margin was 4.81% and return on equity was 9.25% for CRS. The company reported revenue of $684.9 million for the quarter, compared to $690.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.75 percent. For the current quarter, analysts expect CRS to generate $777.4M in revenue.
